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🛑 All capital dies; the accounts merely argue about the date. The argument is called depreciation, and in most years nobody attends it.
unstableequilibria.substack.…
🛑🇨🇳 Onshore yuan closed at 6.6681 per U.S. dollar at 16:30 on Oct. 26, strengthening 30 pips versus the previous session.
🛑 Brazilian dollar-denominated bonds fell, leading losses across emerging markets, after Lula's surprise election victory.
🛑 Can US perpetual futures solve their identity crisis?
🛑 When lawyers at the Commodity Futures Trading Commission set out their views on the legal nature of perpetual contracts in a March 2024 enforcement action, they left little room for ambiguity: “Perpetual futures are ‘swaps’ under the [Commodity Exchange] Act,” the agency’s attorneys wrote.
risk.net/regulation/7964289/…
jck✨ retweeted
@robin_j_brooks: “If the sell-off in French debt worsens, the ECB will ... intervene … [possibly using] a new bailout vehicle.” I hope the ECB will NOT do this. Inflation risks of ECB interventions in favor of high debt countries have dramatically increased (see below post)
With France in crisis, and Germany in much worse economic & political situation than when OMT, PSPP or PEPP were announced, there is nobody left that can provide the necessary strong fiscal backing for the euro and the ECB in case of large losses or high inflation. @lugaricano
🛑🇻🇳 VIETNAM PROPOSES TALENT VISA, 5-YEAR PERSONAL INCOME TAX EXEMPTION FOR FOREIGN EXPERTS
news.tuoitre.vn/vietnam-prop…
