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Return of a credit derivative London whale?

The great thing about having premium subscribers is that occasionally when you come across RAW unfiltered market gossip, you can publish it in a discrete but still timestamped manner. The below is not verified. The gossip pertains to the fact that the credit derivative markets are feeling the presence of a new and potentially very […]

Checking in on blockchain hype, Blythe Masters edition

The Blind Spot gave evidence before the House of Commons science and technology committee on blockchain on Wednesday. There’s a good write-up of the whole thing here. Though one oversight of that piece is that it fails to mention Aaron Bell MP’s masterful insertion of the term “shitcoins” into the parliamentary record.  “… forgive me, […]

US oil is approaching Mad Max mode

Cushing Oklahoma is where crude that settles under the CME’s West Texas Intermediate contract must be delivered. Whenever there is a big discrepancy between the price of WTI and Brent (the latter of which trades more internationally) there is often a big incentive to store US crude there. The tankage system at Cushing, however, has […]

In the Blind Spot (Blockchain, NATO, renminbi)

Economics, markets, finance etc… Spanish newspaper estimates the current rise in EURIBOR will make the average mortgage to rise by €1,200 annually. Credit Suisse was found guilty and fined for involvement in money laundering related to a Bulgarian drug gang. Switzerland’s criminal court found the bank didn’t do enough to prevent the Bulgarians from extracting […]