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Where finance and media intersect with reality.

To all my highly appreciated annual subscribers who are still signed up on WordPress, This is a quick note to say thank you for your

Everyone’s suddenly talking about backwardation, physical differentials and time-spreads. But what do any of these terms really mean? And why do they matter?

Being an extortionist’s preferred currency does not a reserve currency make.

Because that’s what the Blind Spot was made for. Today we assess the emerging anti ‘energy lockdown’ narrative and the Trumpian market manipulation grift that may just be a cover for dual-use finance.

Policymakers are beginning to recognise the importance of homegrown private-sector initiatives in countering dollar-backed stablecoins.
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