when everyone gets scared

Treasury yields continued to fall yesterday, sending a sad and increasingly familiar message about growth in the coming months.

when everyone gets scared

Treasury yields continued to fall yesterday, sending a sad and increasingly familiar message about growth in the coming months. But the headlines were dominated by cryptocurrencies. A few words about that, and rent inflation, below.

A sudden and brief crash in the price of stablecoin tether, coming just as virtually all other cryptocurrencies were selling off, gave everyone a little heart attack. Tether's wobble was so worrying.


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