Everything You Need to Know About Modern Monetary Theory:
Why the Fed’s Rethinking Its Toolkit (It’s Broken)
…more points to ponder over the Memorial Day holiday.
The US Treasury Department’s update of its Treasury International Capital (TIC) report for October contained no surprises. In many ways, it was ironically uninteresting given the constant excitement that had happened during that particular month. It was, in a word, a mess for global markets. Liquidations struck throughout the world and more than a month later we are still struggling through the consequences.
A worldwide global liquidity pullback like that has led to “selling UST’s” by foreign central banks. Foreign systems require dollars no matter what (dollar short) and if the eurodollar system won’t make available a reasonable supply (dollar shortage) the options for any overseas system is either liquidation or support. Often some of both.
Anson principal and co-founder Moez Kassam (Twitter @munchingmoez) recognised today as one of Canada’s Top 40 Under 40. Bravo Moez, richly deserved!
Meet Canada’s next crop of great leaders.
BNN Bloomberg, in partnership with executive search firm Caldwell Partners announced the 2018 class of Canada’s Top 40 Under 40 on Wednesday, shining a spotlight on some of the nation’s top young innovators and entrepreneurs.
“It’s easy to understand why we recognize and honour the Top 40 — they are truly remarkable young women and men, who are experts in their fields and passionate about their work and communities,” Elan Pratzer, managing partner for Canada at Caldwell said in a statement.
“I also thank our program partners for their commitment. They understand that when we honour young leaders, it builds a sense of responsibility in them to be bold but thoughtful, and to contribute to our national economic and social vigour.”
The recipients will be honoured at a gala in Toronto on Nov. 21 and will also be featured in exclusive BNN Bloomberg interviews throughout the summer.
Full story: Canada’s Next Leaders: 2018 Top 40 Under 40