sometimes Ponzi Scheme is a necessary evil @praxis I agree with you that sometimes Ponzi Scheme is a necessary evil. Someone’s debt is always someone else’s asset. One who takes on the risk can charge a lofty premium for it. The key is to cunningly price the risk. In a sense, it’s all fair and … More sometimes Ponzi Scheme is a necessary evil
Et in Arcadia ego Nowadays, the market is dictated by unhinged greed as is shown in countless scandals such as LIBOR. Free-market to these vampire squids is like license to kill for all. I wonder how well ordinary citizenry can fare under the unchecked tyranny of greed.
profitable arbitrage opportunities among biases I am a book worm, so thanks for the book recommendation. You probably mistake me for a gold bug , however I am merely open-minded about different asset classes. Sometime bias is a good thing without which the great game of carry trade simply can’t thrive. There always lies the … More profitable arbitrage opportunities among biases
The great HLF Formula 1 diet warehousing trade To my surprise, this article is really about gold-bashing. If Gold is of no utility, what about fiat currency, what about diamond? In this world of ours, Satisfying the establishment’s need to deceive and coerce is of utility; Satisfying the materialist’s vanity is of utility; May I … More The great HLF Formula 1 diet warehousing trade
ETFs are like central banks Like central bank, ETF can sort of issue “currency” which is called inside money in monetary economics. ETF and central bank are both giant punch bowls which facilitate the great game of carry trade.
Never underestimate China Dear Belle，you should come to China to observe the reality here, speculating through western lens does not make good journalism about China. I do agree with you on the possibility of Yuan devaluation, however Yuan devaluation is not China’s way to confiscate the wealth of Chinese rentiers but merely a policy tool … More Never underestimate China
Destocking and desecuritisation ETF is like the dam in the rivers of financial assets. When the interest rate is low, it will enlarge the reservoir of assets; When the interest rate is rising, it will shrink it. It is the interest rate that dictates the cost-efficiency of the carry trade enabled by ETF. Trust me， … More Destocking and desecuritisation