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Weekly Commentary: Bubble Kings

Weekly Commentary: Bubble Kings
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Hedge fund traders pump tens of billions of dollars, supercharge returns on bonds | Nishant Kumar, Donal Griffin & William Shaw

Jonathan Hoffman, John Bonello and Jonathan Tipermas share more than just similar first names. They’re the driving force behind a gigantic wager on government debt that’s been giving regulators sleepless nights. They and their teams are top players in the “basis trade,” a bet by a few of the world’s…

Opinion | Policymakers must stop hiding behind myth of unprecedented changes

It is time to stop viewing crises as exceptional events and admit how frequently shocks actually occur. The task of forecasters and policymakers is not to predict the next catastrophe but to sharpen their focus on resilience – what it takes to stay the course with politically mandated policies while minimising inevitable dislocations.

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