The Hidden History of Eurodollars, Part 2: Defending the Dollar System
In this special three-part series, Odd Lots is exploring the history of the eurodollar market. As we enter the turbulent 1960s, the eurodollar market has grown big enough to catch the eye of regulator...
15 Jan 202543min
The Hidden History of Eurodollars, Part 1: Cold War Origins
At more than $10 trillion outstanding, the eurodollar market is one of the biggest forms of shadow banking activity out there. It's also one of the most interesting markets in existence, allowing non-...
14 Jan 202533min
Why Government Hiring Is So Inefficient
Regardless of your political ideology, it's easy to agree that government should work well; that it should be able to hire talented officials, and build things in a timely, cost-effective manner. Of c...
13 Jan 202548min
Evolving Money: A Faster, Cheaper Way to Pay (Sponsored Content)
In the 1950s, a businessman, looking for a new way to settle his lunch tab, sparked a payments revolution and paved the way for today’s cashless economy. Now, the growing use of stablecoins like USDC ...
12 Jan 202516min
Lots More on the Global Selloff in Government Bonds
One of the biggest stories in markets right now is the huge selloff in government bonds. And we're not just talking about the US here. The UK is seeing multi-year highs in long-end yields. So is Japan...
10 Jan 202522min
This Is How Electricity Rates Are Actually Set
Utilities in the US have a couple big jobs to do. On the one hand, they need to deliver affordable and reliable power to their customers. On the other hand, they also need to maintain and upgrade huge...
9 Jan 202543min
What It Felt Like When Everyone Was Hopeful, Happy, and Rich
If you look at various surveys, Americans feel grim about the state of the economy. But even outside of the economy itself, you see negative readings for faith in various American institutions. Pessim...
6 Jan 202543min
This Is How China Builds So Much Nuclear Power
In the US right now, there is a lot of talk about a so-called "nuclear revival." But it remains to be seen whether we'll see a meaningful uptick in actual power generation, from either new reactors, o...
3 Jan 202546min
