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Market Depth

Charlie Crowson

Exploring the frontiers where financial markets, macro-economics and history meet

Platform
Substack
PricingOnly free issuesPublishesWeekly
Issues83SubscribersRead marketdepth.substack.com

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Latest Issues

Recent posts by this newsletter. Browse the email archive.

Burger this: Wendy's and the K-shaped economy.

The Cantillon effect, named after the eighteenth century Irish economist Richard Cantillon, suggests that the effect of new money entering an economy is not equal with respect to all goods and services. Those ‘closer’ to the money creation ...

23 days ago
1
2

Accounting and the end of the business cycle

During the 1950s, the average holding period for equities on the New York Stock Exchange was 8 years. By mid-2020, this had fallen to just 5.5 months1. For good or ill, the way long-term assets like equities are now traded has evolved, and ...

2 months ago
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Do stablecoins spell the demise of the bankster?

The Soviet Union might seem a funny place to start a discussion about money, not least because communism ‘done properly’ shouldn’t need it. Yet the Soviet money system is oddly illustrative of some of the issues raised by the GENIUS Act whi...

2 months ago
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1

The UK bond market - worst amongst equals?

While martyrs can often be heroes, it’s not always the case, especially when the martyrdom is self-declared. Of all the people who should have slipped gracefully into the background of British politics only to appear as a curiosity in the l...

3 months ago
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Authors

The writers behind this newsletter.

  • Charlie Crowson

    Market professional with a background in event-driven and macro trading and investment.

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