By Justin Murray Broadly speaking, banks operate under the concept of maturity transformation. Banks take short-term – less than one year – financing vehicles, such as customer deposits, and use that to finance long-term – more than one year – returns. These returns range from the most commonly understood loans, such as auto loans and mortgages, to investments in equity, … [Read more...] about How Central Bank Interest Rate Policy Is Destabilizing Banks
Justin Murray
“National Security” and other Thought-Stopping Clichés
By Justin Murray I was browsing the news recently and came across an interesting headline. It read “ U.S. Orders Chinese Company to Sell Grindr App ”. My first through was that the Federal Government was, once again, narrowly defining a monopoly to a ridiculous degree and decided this Chinese company was somehow monopolizing the swipe left/right mobile phone dating scene … [Read more...] about “National Security” and other Thought-Stopping Clichés