Economy
The Raw, Savage Capitalism of Open-Source Protocols
Recapping the biggest stories of the week, including Joe Biden’s China plan, a market holding pattern and, of course, the strange competitive saga of SUSHI.
‘As Toppy as It Gets’: Metals, Bitcoin and Fiat’s Race to the Bottom, Feat. Tavi Costa
The Crescat Capital portfolio manager gives his take on the flashing macro warning signals and why it is an explosive moment for gold, silver and (potentially) bitcoin.
How Monetary Policy Undermined American Resilience
A legacy of artificially low interest rates is not just the death of savings, but a forced buying into the perpetual growth machine of financial asset prices.
First Mover: DeFi 'Vampire' SushiSwap Sucks $800M from Uniswap; BitMEX Basis Lags
SushiSwap, the "vampire mining" protocol, sucked more than $800 million from rival Uniswap in the latest DeFi mind-bender. PLUS: BitMEX futures distortions.
‘Absolute Raging Mania’: Famed Investor Druckenmiller Thinks 10% Inflation Is Possible
The Hedge Fund legend says in a new interview the Federal Reserve’s policies have created a massive asset bubble while making both inflation and deflation more likely.
Banks Are Toast but Crypto Has Lost Its Soul
In becoming a high-risk, high-yield playground for dollar investors, the cryptocurrency world sold out, says our columnist.
First Mover: Buying Bitcoin's Dip, Betting Against Tether and Weighing the Jobs Report
Crypto traders appeared to be buying the dip after Thursday's 11% plunge. ALSO: There's a contract for that: How to hedge Tether's credit risk.
People Aren’t Buying the ‘Great American Recovery’ Narrative
Despite the stock market returning to all-time highs, many can’t shake the feeling that all is not well in the economy.
‘It Sure Doesn’t Feel Like the Greatest Economy of All Time,’ Feat. George Gammon
The host of the rapidly growing Rebel Capitalist podcast joins to talk macro, inflation and the almighty battle for ideas.
Welcome to the Groundhog Day Economy (PS, It Sucks)
As states shutter economic activity because of preventable COVID-19 outbreaks, it’s deja vu all over again.
