The next graph describes the probability of negative 3-month bill rates for all but the first 3 months of the next 3 decades. The probability of negative rates peaks in the near-term at 25.9%, versus ...
Widespread corruption, too, is at the center of the ongoing crises, with tens of billions of dollars stolen through officials arbitraging exchange rates for personal gain, selling government ...
Bernstein analysts are also chiming in, noting that this isn't just hedge funds arbitraging the market anymore — there's real demand for Bitcoin ETFs, and it's shifting the investment landscape.
It goes way beyond tax havens and offshore banking. Enterprising countries have figured out how to put their legal systems at the disposal of corporate interests.