Top of the Morning: 250 years of US innovation: Capital Markets
From the original
The Buttonwood tree, under which New York stockbrokers gathered in 1792, symbolizes the origin of a market that would expand far beyond its modest beginnings and eventually become part of a global financial system centered on the US dollar and shaped at Bretton Woods. Paul Hsiao,
Related speeches
4 itemsTop of the Morning: 250 years of US innovation: Capital Markets
Paul Hsiao of UBS CIO argues that America's capital-market development—from the Mayflower financing to the Buttonwood tree—has been the engine behind 250 years of US innovation, enabling risk-taking that surpassed peer nations. The report frames financial-market depth as the critical enabler of the innovations highlighted elsewhere in the series. No specific currency pair or rate is cited, but the narrative reinforces the structural advantage of USD-centered global finance, a theme that underpins long-term USD bullishness. The analysis ties directly to the Bretton Woods system's legacy and the enduring liquidity premium of US assets.
Top of the Morning: 250 years of US innovation - The internet
Top of the Morning: 250 years of US innovation - The internet
More like this
5 itemsTalking Markets Podcast Series (Private Credit) with Marc Lipschultz (Blue Owl Capital)
Washington Weekly Podcast: SCOTUS cases, U.S. midterm election update
UBS On-Air: Paul Donovan Daily Audio 'Worrying about the cost of war'
Talking Markets Podcast Series (Preferreds) with Derek Pines (Bramshill) & Frank Sileo (UBS CIO)