Month: May 2021

Credit Suisse made just $17.5m in Archegos fees in year before $5.4bn losses

European banks don’t understand the new rules. 10x leverage on vast positions that can’t be unwound without crashing the share price?  And they think there are no predators who will hunt your liquidation? Such long positions just beg to be shorted. The new landscape is one where algos, quants and wallstreetbets-type groups have access to …

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US-China rivalry drives the retreat of market economics

Taiwan manufactures a very large amount of critical tech components; the shortage today already drags on recovery and with China’s threats of invasion it makes sense from many perspectives to hedge.  The return to protectionism is almost entirely due to how China is using its economic might, rather than having it become a responsible stakeholder, …

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