The world’s newest unit of existential dread fits neatly in a wallet. While central bankers in Frankfurt and Washington still fuss over inflation targets like anxious stage managers, a quiet experiment in Sardinia has issued a currency that openly admits the show might not go on: the Bosa bill. Printed on polymer that feels suspiciously…
Brad Lander and the Municipal Thermometer: Why One New York Comptroller Makes the Bond Markets Sweat from Singapore to São Paulo By the time Brad Lander hops on his 7 a.m. Zoom with London pension managers, the overnight repo desks in Hong Kong have already priced in whatever he might say. That’s the quiet punchline…
DAVID TEPPER, OR HOW TO MAKE BILLIONS BY BEING THE WORLD’S MOST POLITE APOCALYPSE TRADER By Our Man in the Global Casino Charlotte, North Carolina – If you squint hard enough at Bank of America Stadium on game day, you can almost see David Tepper’s net worth drifting above the Carolina Panthers like a smug…
**Abu Dhabi: Where Oil Money Meets Existential Dread** The capital of the United Arab Emirates has always been the quieter, more calculating sibling to Dubai’s flamboyant showmanship—a city that built the world’s largest indoor theme park while its neighbors were still figuring out indoor plumbing. But beneath the marble-clad surface of this desert metropolis lies…
Jeffrey Gundlach—super-investor, bond oracle, and the man whose permabear scowl has become a kind of global mood ring—has once again wrapped the planet’s financial mandarins around his little finger. From Tokyo’s Ministry of Finance to a Berlin pension fund that still thinks 2 % is a “decent yield,” traders refreshed their browsers at 3 a.m….
ETH Price: The World’s Favorite Schrödinger’s Asset By Our Correspondent in an Undisclosed Jurisdiction ZURICH—It’s 3:17 a.m. local time, which means every time zone currently awake is either trading, doom-scrolling, or pretending to be above both. Somewhere between a Swiss private bank’s subterranean server farm and a Manila internet café that smells of instant noodles…
Tokyo’s salarymen, Lagos’s side-hustlers, and Frankfurt’s fund managers all woke up this week to the same notification: XRP is on another tear—or tumble, depending on which timezone you happen to be doom-scrolling in. At 06:14 UTC the token flickered 5 % higher, then slid 7 % by the time Jakarta’s mosques issued the second call…
Somewhere between the IMF’s latest growth-downgrade press conference and a Moscow bar accepting satoshis for vodka, Bitcoin decided to stage another one of its interpretive-dance routines with gravity. One minute it flirted with $72,000, the next it face-planted to $66,000, and by the time Tokyo traders returned from their third cigarette break, the digital deity…
The Dow Jones Industrial Average: Humanity’s Favorite Slot Machine with a Flag on Top By Santiago “Santi” Vargas, International Correspondent at Large They ring a bell in New York at 9:30 a.m., and by 9:31 someone in Jakarta has already refreshed a brokerage app four times. This is the miracle of globalization: a 19th-century index—patented…
Damon Dash, once the cigar-chomping co-founder of Roc-A-Fella Records, has become an unlikely Rorschach test for late-stage capitalism: to Wall Street he’s a cautionary tale, to Lagos hustlers he’s a patron saint of bootstrap bravado, and to European bankruptcy courts he’s simply file number 17-10456. From his old loft in Tribeca to the chat rooms…
George Zinn, the mild-mannered British actuary who accidentally became the world’s first trillionaire last Tuesday, is reportedly still trying to pay for his morning espresso with the same crumpled five-pound note. Somewhere between a misplaced decimal in the London Clearing House’s overnight risk model and Singapore’s sovereign wealth fund hitting “execute all,” Zinn’s dormant pension…
Tyler Robinson Charges: A Global Spectator’s Guide to Another American Legal Opera By Dave’s Locker International Desk PARIS—When news broke that U.S. prosecutors had unsealed a 17-count indictment against influencer-turned-crypto-guru Tyler Robinson, the planet did what it always does when America stubs its institutional toe: it grabbed popcorn. From the glass towers of Singapore to…
