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Valuation Metrics in Emerging Debt: 3Q25
Published on October 28, 2025
Local currency rates and FX screen very cheap, while hard currency credit is rich.
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Rare Earth Stocks Explode as China Clamps Down on Exports
October 28, 2025
Earlier this week, several of my friends texted me in frustration, letting me know that they couldn’t place trades on Coinbase or Robinhood. The culprit wasn’t market volatility or government regulation, but something far more mundane: a cloud outage.
UBS Leaving Switzerland is Edging Closer to Reality
October 28, 2025
Money can’t buy you love and right now no one knows that better than UBS Group AG. Since the Swiss bank helpfully rescued its cockroach-riddled rival Credit Suisse in a state-brokered emergency takeover, its reward has been government plans to whack it with punishing new capital rules and a lagging stock price.