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Tag Archives: Featured

A perfect storm in the making 

The New Year is usually associated with a new beginning, a fresh start, or a “clean slate”. Unfortunately, for millions of Americans, these are wishes that are bound to remain unfulfilled – for them, the New Year has nothing “new” to offer at all: it will only perpetuate all the same burdens, obligations and worries of the past year and of the ones that came before. One physical, practical manifestation of this (though it is certainly not a unique, or even a rare,...

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Divergence Highlighted by Back-to-Back Quarterly Contractions in Japan and the UK but Little FX Reaction

Overview: There has been a string of disappointing economic news today. Japan’s economy surprisingly contracted in Q4 23 and the Q3 contraction was a little deeper than initially estimates. Australia’s jobs growth was weaker than expected and unemployment rose to 4.1%, matching the highest since November 2021. The UK’s economy contracted more than expected in Q4 23, its second consecutive quarter without growth. That seems like poor news ahead of today’s two...

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UBS Issues Hong Kong’s First Investment-Grade Tokenised Warrant on Ethereum

UBS has launched Hong Kong’s first investment-grade tokenised warrant, leveraging the Ethereum public blockchain. This product is part of the bank’s UBS Tokenise initiative, aimed at advancing its in-house tokenisation services. The product is a call warrant with Xiaomi Corporation as the underlying stock. The tokenised warrant is also reportedly the first natively issued warrant on a public blockchain that was sold to OSL Digital Securities Limited, a licensed...

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Digital Service Dumpster Fires and Shadow Work

One wonders what we’re paying for via taxes, products and services, when we end up having to do so much of the work ourselves for nothing. Let’s look at a day-to-day reality that is so ubiquitous it doesn’t attract the attention it deserves: Digital services–the foundation of the digital economy–are dumpster fires we’re supposed to put out ourselves. The services are broken, dysfunctional rubbish, and yet somehow the agencies or corporations that are responsible...

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A Short History of the Right to Self-Determination

Modern international law tends to grant a right to “remedial self-determination” only in extreme cases. Unfortunately, this position accepts that states ought to be free to violate human rights so long as the abuses fall short of war crimes and genocide.  Original Article: A Short History of the Right to Self-Determination [embedded content]...

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Does the Balance of Payments Determine Exchange Rates?

It is a common belief that a key factor in determining the currency exchange rate is the balance of payments. An increase in imports increases the demand for foreign currency. To obtain the foreign currency, importers buy it using domestic currency, which strengthens the exchange rate of the foreign currency against domestic money. Conversely, an increase in exports, in which exporters exchange their foreign currency earnings for domestic currency, increases the...

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