In this issue:

• OTC Markets Group: Monopoly, Jr.

• Meta Data

• Pandemic Inequality

• Early Exit

• Carbon Inflation

• No More FLoC

OTC Markets Group: Monopoly, Jr.

Exchanges are a natural monopoly: traders want to go where the liquidity is, and the liquidity is wherever the traders are. This is true enough to be a directionally useful but not infallible guide; there are mu…