Oil Shock of 2020

In the midst of the current economic turmoil when tens of millions of people have filed for unemployment, the gap between financial markets and the real economy is unsustainable. What it implies is that demand for oil is likely to remain subdued at least in the foreseeable future. Continue reading Oil Shock of 2020

From the South Sea Company Share to Credit Default Swap

In effect, two instruments with conflicting purposes and functions were packaged together and sold to investors that did not fully understand what they were buying: one was designed to make money as the subprime mortgage market grew; and the other was betting against it. So who ultimately won? The answer; the intermediary. Continue reading From the South Sea Company Share to Credit Default Swap

Free Speech in the age of Social Media: Should social media restrict content on their platforms?

The prevailing debate about relatively unregulated online expressions has resurrected the age-old philosophical questions: What is the freedom of expression? What if one’s right to express oneself collides with others’ right to maintain their well-being? Continue reading Free Speech in the age of Social Media: Should social media restrict content on their platforms?

Yield Curve Inversion

Throughout 2019, there have been three rate cuts. And the flattening of the yield curve culminated in the inversion of the yield curves of 3-month T-bills and 10-year T-notes in March, and 2-year notes and 10-year T-notes in August. In both cases, it was the first time in 12 years that the inversions of those pairs were observed since 2007 when the U.S. subprime mortgage crisis surfaced on an epic scale. Continue reading Yield Curve Inversion

The Yellow Vest and the Five Star Movements – The Tyranny of the State or the Multitude?

The revolts that have erupted both in Italy and France recently should not be the triumph of the “have-your-cake-and-eat-it” populism that has engulfed many Western countries in the past few years Continue reading The Yellow Vest and the Five Star Movements – The Tyranny of the State or the Multitude?