In a recent talk, Jeff Snider of Eurodollar University explained that banks are now using the Fed’s new Bank Term Funding Program to arbitrage between that interest rate and IOER. IOER (now the same as IORB) as of the 8th of January 2023 is 5.4%, and along with RRP is designed to put a floor…Read More
For some time now Westpac has considered selling its New Zealand banking operations on the heals of the Reserve Bank of New Zealand requiring banks to separate local banking operations and capital from international ones. A prime take over candidate could be HSBC. While “the world’s local bank” is no longer expanding internationally at the…Read More
The recent acceleration in technological change has brought a lot of talk of universal basic income (UBI) as the future for developed economies. While there are a lot of formal arguments that could be made against this, I thought it better to present a vision for a better world, if robotics and AI really are…Read More
These guys should all get together and change the world of nutriton. Roaul Pal (Real Vision) Mike Green (Thiel Macro) Daryl Jones (Hedgeye) Credit Suisse Dr. John Schoonee (Swiss Re)