Where finance and media intersect with reality


Is the ECB’s anti-fragmentation tool a CBDC?

The most intriguing news that came out of the ECB’s ad hoc meeting on Wednesday was that the governing council had accelerated work on a new “anti-fragmentation instrument” to help it cope with diverging sovereign bond valuations as it moves into a tightening phase. The exact wording was this: In addition, the Governing Council decided […]

ALTIF transcripts: Twilight of the private equity gods


Twilight of the Private Equity Gods Private equity firms have amassed vast fortunes for their owners by snapping up companies in a rising stock market using ultra cheap debt. But what happens when values go down and interest rates rise? We talk to US investor and private equity sceptic Dan Rasmussen about the coming buyout Götterdämmerung. […]