The big story at the moment is how a community on the Reddit subgroup WallStreetBets has managed to bring to heel multi-billion dollar hedge funds who had been shorting GameStop shares. The shares are up a staggering 1,800 per cent in 2021, getting as high as US$480 at one point and now down to US$194 […]
Tag Archives: gold
Financial Stability, Macroeconomics and Monetary Policy, Supervision
The Beginning of the End for the Dollar?
The weakening of the dollar and the end of its dominance of the global financial system has alternately been predicted and appealed for over many years. Yet the fact that this is now being publicly called for by a member of the establishment, indeed by no less than the Governor of the Bank of England […]