Greater Fools?
Apologies once again for last week’s report, or the lack of it. I am safely back in the US now and very much recovered. Thanks for all the good wishes that I received, they are very much appreciated.
Towering over last week’s market activity was the extraordinary and shocking fraudulent collapse of the FTX crypto exchange. For many, this was a watershed moment where the whole crypto eco-system was finally exposed as being polluted by criminality and fraud and is sorely in need of subjecting itself to very meaningful regulation very soon if it is to have any hope of remaining viable.
The…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.