Central banks have not merely inflated the bejesus out of assets prices. They have also caused the very foundations of financial markets to metastasize, yielding an endless array of new products that have no real economic function except to facilitate new forms of pure wagering.
Buried deep inside the mammoth “infrastructure” bill that a handful of Republicans helped send to President Joe Biden’s desk is an ominous paragraph about forced labor in China and the Communist Chinese Party’s role in the supply chain needed to grow a fleet of electric vehicles in the U.S.
How can it be? The three FDA-authorized distributors of the highly controversial COVID vaccine all have under their employment former FDA Commissioners.
The first bitcoin-linked exchange-traded fund in the United States today debuted on the New York Stock Exchange, presenting new investment opportunities for holders of brokerage accounts.
