Where finance and media intersect with reality

*ROLL UP ROLL UP* Politico’s Morning Central Banker has launched

Today’s the day POLITICO launches its must-read, must-not-miss, Morning Central Banker newsletter… Sign up below for a three week FREE trial: www.politico.eu/pro-central-banker-newsletter-trial-access And join a special inaugural Twitter Space for the occasion at 2pm UK time! The line-up includes former Pimco boss Mohamed A. El-Erian, the Peterson Institute for International Economics’ Nicolas Véron, and global […]

In the Blind Spot (Libor — Scarce reserves — Crypto conglomerates)

This week’s edition of the Blind Spot newsletter was compiled by me, Izabella Kaminska, with the help of Dario Garcia Giner + some of my Politico colleagues, because it features some recycled snippets (or blurbs as they call them) from the dummy runs of our new Politico Europe Central Banker newsletter, which launches on May […]

Leaked Lunch with former UBS Libor trader Tom Hayes

In the second episode of Season Two of the Leaked Lunch podcast I sit down with former UBS Libor trader Tom Hayes. He tells me about the shock of his life when he discovered he was being charged with Libor manipulation, the unauthentic deal-making he had to engage in to avoid extradition to the US, […]

What’s at stake as Libor rigging scandal resurfaces? (POLITICO)

By Johanna Treeck, Geoffrey Smith What is the scandal about? A new book alleges that the traders who went to jail after the global financial crisis for conspiring to rig benchmark interest rates were victims of a miscarriage of justice. Author Andrew Verity makes the allegation that the traders were under duress from state agencies […]

Spot Markets Live 22/05/23 ***Debt ceiling jitters***

Anjuli Davies11:00 Good morning SMLers and good morning Frances 11:01Markets seem to be treading water this morning in the build up to the debt ceiling deadline FRANCES COPPOLA11:01 Morning everyone Anjuli Davies11:01 FRANCES COPPOLA11:02 Nervous Anjuli Davies11:03 All the investment banks have their “war rooms” up and running But I don’t think anyone can really […]

In the Blind Spot (Intraday funding — Beyond growth — FRONTEX)

This week’s Blind Spot newsletter was compiled by me, Izabella Kaminska, with the help of my own human version of ChatGPT, Dario Garcia Giner. I had the pleasure this week of taking part in a Cyber Salon event organised by entrepreneur Eva Pascoe at the House of Commons under the auspices of former shadow chancellor […]

Regulators threaten to rain on Tether’s parade (POLITICO)

By Bjarke Smith-Meyer, Ben Munster · May 19, 2023 BRUSSELS — Few expected Tether, the world’s most prominent stablecoin, to survive the crypto market meltdown. Instead, the issuer of dollar-pegged digital tokens revealed it was thriving by this month posting a first-quarter profit of $1.5 billion that left most of its rivals in its wake. […]

Rationist No. 8: The Constitution is powerless to preserve the republican model of government

This is the eighth in a series of essays by Tim Ferguson, founder of the Anacyclosis Institute, arguing in favour of rationism, a middle-class-oriented political theory that advocates benchmarking the national economy against the national median household net worth. Izabella Kaminska has also described rationism as Vitruvian Capitalism, based on its promotion of the values […]

Net zero targets risk doing more harm than good, says Italian cbanker (POLITICO)

By Johanna Treeck · May 12, 2023 FRANKFURT — Net zero targets risk doing more harm than good and should be dropped in favor of more realistic strategies to help the environment, one of Italy’s top central bankers warned. Paolo Angelini, deputy governor at the Bank of Italy, said in an interview with POLITICO that […]