Banks are starting to price liquidity by the hour
Finteum’s Brian Nolan predicts that funding markets will eventually price more like electricity markets.
The Fed Funds market is becoming pointless
The question is what will replace it and how responsive will any new system be to the intraday liquidity needs of the real economy?
Is China winning the trade war or not?
China’s trade surplus persists despite tariffs. But few see who’s really financing it.
How the U.S. Treasury engineered a dollar squeeze in Iran
And what it suggests about how financial pressure could be turned on China and Europe.
Why Ukraine won’t stop attacking American-owned oil infrastructure in Russia
Ukrainian drones struck some corporate offices in Novorossiysk on the Russian Black Sea coastline in September, 2025. The Russia-based oil company targeted claimed this was “an all-out attack” where “the obvious target was to murder as many people as possible.” They have good reason to complain: much of the company’s infrastructure, and many of the ships using […]
LONG READ: Welcome to the tundra of the real
How a media frenzy turned Greenland into a stage set while its real struggles stayed off-script.
Epstein’s financial shenanigans
It wasn’t just money laundering, Epstein was trading market information.
Important WordPress subscriber note
This is a gentle reminder to those of you who are still signed up to the WordPress site that the Blind Spot is in the process of migrating to Substack. I’ve explained the rationale for this move here last year. The overall 2026 post-Politico strategy is laid out here. Reality is, the extra admin of […]
American Perestroika
And a reason to subscribe to the Blind Spot.
That Deutsche note
What are the real prospects of a European UST buyers’ strike?