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How Central Banks Turned Hedge Funds into A New Recession Risk

Low central bank interest rates are turning hedge funds into a systemic recession risk, say the IMF and European Central Bank. Low bond yields are driving investors into riskier assets. A selloff could spillover and wreak havoc on the broader economy. Holes in regulations on the banking sector after the 2008 financial crisis are also…

Russia’s Central Bank Savagely Dismisses ‘Obvious’ National Cryptocurrency

The Russian Central Bank has never been a fan of cryptocurrencies. Central bank governor Elvira Nabiullina has adopted a hardline stance against cryptocurrencies in Russia, so her latest statement regarding the fate of a national cryptocurrency in the country doesn’t come across as a surprise. Russian central bank head disses cryptocurrencies, again Russian news outlet…