ESG’s biggest secret is that its investment case is based on crypto economics

Over the last 10 years ESG — Environment, Social and Governance — has taken the financial world by storm. Sometimes dubbed “woke capitalism”, it favours morals over short-term financial self-interest. It has resulted in the rush of capital into stocks like Tesla’s, helping turn Elon Musk into into the world’s richest man. But what ESG […]
High Interest Rates Are Encouraging Fintechs Like Wise To Become Shadow Banks

And Why There Are Risks with Fintechs Cashing In on Higher Rates The fintech sector has been having a tough time of late. But, as I noted in my last Blind Spot wrap, even those fintechs that looked like they were at death’s door in mid-2022, i.e. Monzo and Klarna, came out at the end […]