Levelling the Playing Field
Co-Intelligence by Ethan Mollick| Risky Finance
The bank may look profitable to shareholders, but disclosures compiled by Risky Finance made it possible to uncover the story of this trading loss at Goldman Sachs| Risky Finance
Bond investors have started to notice France's political deadlock, and we show the impact in a new animated yield curve visualisation| Risky Finance
Making Sense of Chaos’ by J. Doyne Farmer (Penguin Books) As any student will tell you, no doubt armed with chat GPT, economics is defined as “The study of the allocation of scarce resources”. But a more difficult question is this: what is economics for? To its critics, much of academic economics appears to exist … Continue reading Agents of change→| Risky Finance
Which financial institutions will benefit after Labour’s expected victory in tomorrow’s UK general election? Keen to refute the tax-and-spend label, Labour shadow chancellor Rachel Reeves has vowed to ‘kickstart economic growth’, highlighting financial services as one of the UK’s ‘greatest success stories’. | Risky Finance
Consider two examples of what Dan Davies calls unaccountability sinks. One is a privatised water utility and the other is a French-based provider of IT services to the public sector. Like many companies, Thames Water and Atos reaped returns for investors in the years when the UK political consensus favoured privatisation and outsourcing of public sector services.| Risky Finance
The Fed softened its stress tests, which freed up bank capital, then came the Basel Endgame which would eat it all up again. Now, with the Endgame in doubt, JP Morgan has deployed its excess capital in trading bets| Risky Finance
Quantity, Josef Stalin allegedly said, has a quality all of its own. This is true of the US stock market. Much has been written about the top-heaviness of US stocks, and more will surely follow, now that the market cap of Nvidia has exceeded Apple for the first time. (Next up: Microsoft).| Risky Finance
Banks are originating, sponsoring and investing in CLOs are an accelerating pace| Risky Finance
