Financial Speculation News Today

In his monumental history Debt: The First 5,000 Years, the anthropologist David Graeber accused economists of inventing “imaginary villages” as the settings for their just-so stories about the ancient origins of financial exchange. Five thousand years later, it is hard not to apply the same phrase to the strange world of cryptocurrency, a skein of imaginary communities and exchanges that claimed to be reinventing trade and commerce from first principles even as, in reality, they re...

There is no evidence that pre-Glass–Steagall banks’ securities activities led to more bank failures than among their specialized peers.

Financial speculation is making the crisis worse.

Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media

Crypto and gaming collide in high-risk 'play-to-earn' economies

Since the start of the pandemic trillions of dollars have been poured into financial markets by central banks, sending stock prices to record highs, but the rise of inflation is leading to increased instability.

The class dynamic of the massive Wall Street speculation As 2020 draws to a close, the essential class dynamic and objective logic of the global capitalist system have never been more starkly revealed. Billions of people around the world confront the escalating effects of the COVID-19 pandemic, the destruction of millions of jobs, impoverishment, including in some cases the threat of starvation, and the destruction of a viable future for a whole generation of youth. Yet the ruling financial oli...