BRICcoin doesn’t stand up
Dollar hegemony is here to stay for now BRICcoin doesn’t stand up – https://on.ft.com/42JqucJ via @FT
Dollar hegemony is here to stay for now BRICcoin doesn’t stand up – https://on.ft.com/42JqucJ via @FT
https://finance.yahoo.com/amphtml/news/dollarization-started-odds-chinas-yuan-020938603.html
https://www.linkedin.com/posts/rod-dubitsky-0aa94118_why-first-citizens-got-a-165-billion-discount-activity-7046165834418810881–n5i?utm_source=share&utm_medium=member_android
https://uk.finance.yahoo.com/news/imf-chief-warns-global-financial-165655888.html Kristalina Georgieva joins others in voicing fears about threat to world economy after recent bank collapses
https://www.linkedin.com/posts/rod-dubitsky-0aa94118_first-republic-rescue-may-rely-on-us-backing-activity-7044077812265185280-GQP1?utm_source=share&utm_medium=member_android
Breaking: Swiss National Bank offers support to Credit Suisse Potentially good news though troubling that such an announcement was necessary. I would note that Credit Suisse’s assets are about equal to the GDP of Switzerland. Not apples to apples but rather an indication of potential limits to SNB support for CS. https://www.washingtonpost.com/business/2023/03/15/svb-banking-credit-suisse-stocks/
Silicon Valley Bank’s Collapse Caught Regulators Off Guard https://www.wsj.com/articles/where-were-the-regulators-as-svb-crashed-35827e1a
A stark warning from Fitch. Though there is no risk of something replacing the dollar as the world’s reserve currency, that is a necessary but not sufficient condition to avoid fallout from the US debt ceiling debate. https://www.cnn.com/2023/03/06/economy/us-credit-rating-fitch/index.html
China regulation of crypto crushes the market. And with the Colonial Pipeline attack highlighting the role of crypto in ransonware, further regulatory risk will hang over the market. As a $2T market, crypto can’t be dismissed, but those who think crypto is the best hedge against fiat currencies may have second thoughts. And as I’ve …
Bonus before bankruptcy or BBB. Where is the governance? Hopefully some of the bonuses will be subject to clawback. The beauty of the “heads I win, tails you lose” C-Suite. When company does well bonus is well deserved, when company does poorly they need to retain management to execute “visionary” turnaround. And when board is …