> ## Content Index > Fetch the complete content index at: https://www.thejanusobserver.com/llms.txt > Use this file to discover other available public pages before exploring further. # January 12, 2018 - URL: https://www.thejanusobserver.com/january-12-2018/ - Published: 2018-01-12T12:00:19.000Z - Updated: 2026-10-25T20:08:43.000Z - Author: Jonathan Janus - Tags: Uncategorized, Bonds, Cryptocurrencies, Energy, Interest Rates, Investment Management, Quantitative Tightening, Real Estate, Venezuela, #Migrated-1792957904788, #wp, #wp-post, #Import 2026-10-25 19:52 # Perspective [WSJ - Advisers at Leading Discount Brokers Win Bonuses to Push Higher-Priced Products - Jason Zweig and Anne Tergesen 1/10](https://www.wsj.com/articles/advisers-at-leading-discount-brokers-win-bonuses-to-push-higher-priced-products-1515604130?mod=djemalertNEWS&ref=thejanusobserver.com) - "At Fidelity, Schwab and TD Ameritrade, employees win extra pay and other incentives to put clients in products that are more lucrative for them, and the firm." # Worthy Insights / Opinion Pieces / Advice [Bloomberg View - Even Cynics Can Love Crypto - Matt Levine 1/11](https://www.bloomberg.com/view/articles/2018-01-11/even-cynics-can-love-crypto?te=1&nl=dealbook&emc=edit%5Fdk%5F20180111&ref=thejanusobserver.com) - "There are no true believers in pump-and-dump; only those who get in early and profit." [FT - A bitcoin bubble made in millennial heaven - Roula Khalaf 1/10](https://www.ft.com/content/48265e56-f55d-11e7-8715-e94187b3017e?segmentId=4eef5762-0715-04db-ee32-c4c160197c68&ref=thejanusobserver.com) [MarketWatch - The man who called a new bull market in 2012 says take your profits now - Howard Gold 1/11](https://www.marketwatch.com/story/the-man-who-called-a-new-bull-market-in-2012-says-take-your-profits-now-2018-01-11?ref=thejanusobserver.com) [Mauldin Economics - The Moment of Truth for the Secular Bond Bull Market Has Arrived - John Mauldin 1/10 ](http://www.mauldineconomics.com/landing/the-five-people-shaping-my-worldview?ref=thejanusobserver.com#articles) # Markets / Economy [NYT - Investors Spooked at Specter of Central Banks Halting Bond-Buying Spree - Landon Thomas Jr. 1/10](https://nyti.ms/2Ev1CKU?ref=thejanusobserver.com) - "All told, the three central banks are sitting on $14 trillion in securities they have bought since 2009: a $4.4 trillion mix of Treasuries and mortgage securities held by the Federal Reserve; the European Central Bank’s $5 trillion in corporate and government bonds; and $4.5 trillion worth of bonds and exchange traded funds accumulated by the Bank of Japan." - "Moreover, the view that the United States government, in the wake of the tax cut package, will have to issue more securities to finance a larger budget deficit is giving bond investors pause." - “'The U.S. is about to issue a whole lot more debt in an environment where the demand for that debt is about to go down,' said Daniel W. Drezner, a professor of international politics at the Fletcher School of Law and Diplomacy at Tufts University. 'What that means is interest rates are about to go up'.” - "And that is bad news for bond investors." # Real Estate [WSJ - Manhattan Rent Fell 2.7% in December to Median of $3,295 - Josh Barbanel 1/11](https://www.wsj.com/articles/manhattan-rents-fell-2-7-in-december-to-median-of-3-295-1515646800?ref=thejanusobserver.com) [![](https://storage.ghost.io/c/df/b1/dfb1dfbb-f8fb-4ec3-bf5b-87cf7344bdd1/content/images/2026/10/wsj_manhattan-median-rent-change-yoy_1-11-18-w-169.png)](https://storage.ghost.io/c/df/b1/dfb1dfbb-f8fb-4ec3-bf5b-87cf7344bdd1/content/images/2026/10/wsj%5Fmanhattan-median-rent-change-yoy%5F1-11-18.png?ref=thejanusobserver.com) [WSJ - Malls May Be Dying, But Bets Against Their Debt Haven't Paid Off - Esther Fung 1/9](https://www.wsj.com/articles/malls-may-be-dying-but-bets-against-their-debt-havent-paid-off-1515499200?mod=djemRealEstate%5Fh&ref=thejanusobserver.com) # Energy [FT - New York sues big oil companies over climate change - Attracta Mooney and Ed Crooks 1/10](https://www.ft.com/content/4de8e4fc-f62b-11e7-88f7-5465a6ce1a00?ref=thejanusobserver.com) # Finance [FT - Bitcoin tumbles as South Korea plans trading ban - Song Jung-a and Bryan Harris 1/10](https://www.ft.com/content/0d5ff7d4-f67d-11e7-88f7-5465a6ce1a00?ref=thejanusobserver.com) [WSJ - Bond Markets Have Picked Up the Wrong Signal From Japan - Anjani Trivedi 1/11](https://www.wsj.com/articles/bond-markets-have-picked-up-the-wrong-signal-from-japan-1515647540?mod=djemHeardEUH&ref=thejanusobserver.com) [WSJ - Chinese Dragon Still Needs U.S. Treasurys for Its Hoard - Nathaniel Taplin 1/11](https://www.wsj.com/articles/chinese-dragon-still-needs-u-s-treasurys-for-its-hoard-1515660437?mod=djemHeardEUH&ref=thejanusobserver.com) # South America WSJ - Daily Shot: Venezuela Monetary Base 1/10 [![](https://storage.ghost.io/c/df/b1/dfb1dfbb-f8fb-4ec3-bf5b-87cf7344bdd1/content/images/2026/10/wsj_daily-shot_venezuela-monetary-base_1-10-18-w-300.png)](https://storage.ghost.io/c/df/b1/dfb1dfbb-f8fb-4ec3-bf5b-87cf7344bdd1/content/images/2026/10/wsj%5Fdaily-shot%5Fvenezuela-monetary-base%5F1-10-18.png?ref=thejanusobserver.com) WSJ - Daily Shot: Venezuelan Bolivares to USD Black Market Exchange Rate 1/10 [![](https://storage.ghost.io/c/df/b1/dfb1dfbb-f8fb-4ec3-bf5b-87cf7344bdd1/content/images/2026/10/wsj_daily-shot_usd-to-venezuelan-bolivar_1-10-18-w-300.png)](https://storage.ghost.io/c/df/b1/dfb1dfbb-f8fb-4ec3-bf5b-87cf7344bdd1/content/images/2026/10/wsj%5Fdaily-shot%5Fusd-to-venezuelan-bolivar%5F1-10-18.png?ref=thejanusobserver.com)