‘With central bankers losing credibility left and right, and failing outright to boost the ‘wealth effect’ no matter what they throw at it, the next big question is when will central planners around the world unveil the cashless society which is a necessary and sufficient condition to a regime of global NIRP.’ Read more: Something Very […]

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‘Morgan Stanley, the investment bank that saw bond-trading revenue plunge 42 percent in the third quarter, is planning a significant reduction in its fixed-income staff, according to people with knowledge of the plans. The cuts, which could total as much as a quarter of fixed-income trading employees, will be across all regions and are set […]

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