Jon Corzine decides to start managing money again; Ackman backs Ackman; the potential of a euro-area finance minister; Basquiat’s powerful 1982 painting of a skull brought $110.5m at Sotheby’s; you can finally go falconning in your Bentley; other stuff.
Foreign investors sold Treasuries in December, but we’d bet it had absolutely nothing to do with Trump. International governments — the largest group of foreign owners — actually made net purchases of Treasuries.
If you’re still harbouring hopes for a globalised world, the Federal Reserve might be able to help. One analyst says central-bank intermediation could alleviate the global dollar-funding pressures introduced by post-crisis regulations.