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Plus retail investor sentiment and Doge job cuts

We’re all just its counterparties

And that’s not always a good thing

The stigma that finance has long endured is both out-of-date and unwarranted

Keep an eye on the Treasury’s Wednesday refunding announcement

And that is worrisome

Enjoy your paintings and sculptures. Just don’t expect a return on what you paid for them

The headline acts will be the US Federal Reserve, the Bank of Japan and the Bank of England

Universities depend on taxpayer money to survive, and they are wasting those funds

In principle, the arguments for deeper and less fragmented capital markets are obvious