The hottest Financial Sector Substack posts right now

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Macroeconomics: Some Defects

In My Tribe • 486 implied HN points • 29 May 25
💰 Finance Macroeconomics Banking Economic Theory Fiscal policy Financial Sector
  1. Macroeconomics often treats the economy like a simple factory that can be controlled centrally, but the reality is much more complex with many different goods and services. It's not just about one measure like GDP.
  2. Many economics students learn about macro without understanding the important role banks play in the economy. Banks help manage risks and their crises can lead to major economic downturns.
  3. Macroeconomic theories are often presented as timeless, but they should consider historical changes and events that shape the economy. Each economic crisis is unique and influenced by different circumstances over time.

The EU has approved regulations regarding instant payments

philsiarri • 67 implied HN points • 27 Feb 24
💰 Finance Regulations Financial Sector
  1. The EU has approved regulations for instant euro payments within ten seconds, benefiting consumers and businesses in EU and EEA countries.
  2. Payment service providers, including banks, are required to offer instant payment services without any added costs, enhancing convenience for users.
  3. The regulations aim to enhance trust with IBAN and name verification, strengthen European payment firms against global competitors, and reduce dependence on non-European financial entities.

As millions died in Covid pandemic, bankers made a killing

Geopolitical Economy Report • 159 implied HN points • 19 Jan 22
🇺🇸 U.S. Politics Government Response Financial Sector Pandemic impact Health Crisis
  1. The Covid-19 pandemic led to a huge increase in wealth for billionaire capitalists as the majority faced financial hardships and devastation.
  2. US banks, like Goldman Sachs and JPMorgan, made record profits during the pandemic, showing a stark contrast in outcomes.
  3. The US government response to the pandemic was criticized for its laissez-faire approach, with little federal intervention and a significant number of Covid-19 deaths.

Get Woke, Go Broke: Vanguard Ditches ESG Investing

Anxiety Addiction & Ascension • 39 implied HN points • 06 Mar 23
💰 Finance Corporate Governance Financial Sector Asset management
  1. Vanguard, the world's second-largest asset management firm, with $8 trillion AUM, has withdrawn from ESG, which is a significant move.
  2. There are signs of people waking up and pushing back against social engineering, like the ESG framework, showing a recalibration in public perception.
  3. Major financial institutions, like Vanguard and JPMorgan Chase, distancing themselves from ESG indicates cracks in the system and growing public awareness, potentially due to popular sentiment.
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