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Uncle Pipeline’s Corner

Uncle Pipeline has been a Financial Pipeline contributor since 1996. An expert in investing in bonds to managing your personal finances, he’s the kindly uncle who is always there for you with great financial advice. Always opinionated but never boring, Uncle Pipeline’s insightful anecdotes and simple explanations will help you to make better decisions about your money. He’s like a stiff pull of hard liquor – a little hard to swallow, but remarkably warming and helpful in the end.

You can trust him to curate the financial news you need to know about.

U.S. hiring strengthened in November, fuelling expansion*

Publication: Wall Street Journal
The U.S. job market strengthened in November, as hiring jumped and unemployment fell, adding fuel to the economic expansion. [Read more]
Why you have to read this
The bond market continues to expect an imminent recession, but strong economic numbers continue to show that those fears could be very misplaced.

Morgan Stanley bet that went awry has junior trader at center

Publication: Bloomberg
The trades at the heart of a probe that’s now rocking Morgan Stanley’s currency desks were bets linked to the Turkish lira managed by a 27-year-old trader. [Read more]
Why you have to read this
When a position goes offside, there can be an incentive to “cover it up” or to “double down” in hopes of the bet self-correcting. On Morgan Stanley’s FX desk, a trader was caught offside but the blame often doesn’t stop at one person.

*While we’re doing our best to deliver the latest and greatest industry news to you, sometimes our delivery can only take it so far. Please note this particular article is behind a paywall and will require a subscription for you to read it.