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Where are my fellow CoSo #economics, #fintech, & #finance watchers at? @daniel? @misterfive? I'm forgetting some.
This Buttonwood piece from The Economist nicely (succinctly!) reviews some of the dangers of recent ETF (exchange-traded funds), which are now taking on forms that don't pay out well, have terrible disclosure practices, rely on asset matches that don't do well at scale, and might shelter some real shady shaving cream.
Just one grift after another, eh, folks?
https://archive.ph/BEWs1
@MLClark @daniel
Thank you for sharing this, it's an interesting g read. I'm not familiar with the types of ETFs described here, but it's a useful heads up!