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Wages Jump, Signs of Stress in Emerging Markets, Skeuomorphism in Crypto | Weekly Round Up

Inflection Point

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Wages and Salaries for Credit Intermediaries

This is one of those unintended sequences. I this is theft, and it's absolute rmember. J p morgan has zero lost trading days ofrthe last four years. That's impossible if you're actually trading. But they don't trade,. They do arbitrage, leverd. And those spoils are going to the rich, not to the average person. Have you heard this? You can borrow fed funds and lend at 3, 4% guaranteed by buying treasuries - that is a riskless transaction. The banking system basically forward something that looks almost like ten years of wage growth which is pretty nuts.

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