Call me a pedant, but I'm not a fan of the word "crypto". It may have been a serviceable category back in 2011 when there was ...

image via Guy J. Abel and Stuart Gietel-Basten  A popular response to my recent tweet about remittance company Wise went like this: "b...

U.S. banks are at it again. Inflation is at its highest level in decades. At the same time, interest rates on deposits at the Fed, Treasury ...

Chase Sunset & Vine, 2012. Painting by Alex Schaefer There is a fundamental asymmetry to banking. Banks don't like to share hig...

I've blogged about strange trades before. There's Kyle Bass's bet on 5-cent coins. The great Japanese gold trade of 1859. A...

A few months ago Vijay Boyapati asked me to " steel-man " the bubble theory of money. The bubble theory of money, which can o...

I executed one of the oddest financial transactions of my life earlier this week. I did Norbert's Gambit. These days a big chunk of...

Blair Ferguson. Source: Bank of Canada Passive investing is eating Wall Street . According to 2015 Morningstar data , while actively ma...

When I think of senseless waste, I think of the Battle of the Somme. Whole generations lost in order to move a trench line forward by a ...

Would it make sense for firms to try to slow down their equity structure? Equity markets are made of two classes of participants. ...

One more post on equity deposits. My last post described a dirt cheap (and hypothetical) way for long-term investors to get exposure t...

John Bogle, father of passive investing With fees as low as 0.10%, passively managed ETFs are one of the cheapest ways to get exposure ...