Exchange Invest Weekend Edition 2740: Shark Tank Breakdowns
Death by AI? Language lessons - global not merely a European thing, market timing, shark tanks broken promises & spies on Le Carre.
Exchange Invest is a unique information resource combining the day’s stories in a newsletter for investors in exchanges/financial markets infrastructure.
Exchange Invest was founded by former exchange CEO and author of the first bestselling book of fintech (“Capital Market Revolution!” FT 1999) Patrick L Young. Monday through Friday our daily paid subscriber email discusses the business of bourses of all kinds across the world.
This weekly edition is a magazine of broader macro topics as well as including our free weekly podcast which reviews the highlights of the week in the world’s market structure.
On this day in 2020, Apple becomes the 1st US company to be valued at $2 trillion, just 2 years after it reached a $1 trillion valuation.
IN BIGWORLD
From Exchange Invest 2739: Friday, August 18th:
Continuing our theme to make the entire August BigWorld somewhat upbeat…
August 18 is the 230th day of the year. That means in 75 days time you need to be prepared for what may be the ultimate market phenomenon of 2023. In fact you probably need to be fully prepared by the weekend before as that’s likely the peak partying point (barely 70 days away…).
Clearly how much candy you have pre-packed is an issue for “Trick or Treaters” but when it comes to Hallowe’en, it’s a dress to impress affair from childhood to those adults who usually end the night regressing more than the kids. Let’s face it, party outfits?this year are - at best - a binary choice and frankly how many folks want to dress up as Oppenheimer and channel the Cillian Murphy lothario vibe?
Well maybe more than might be apparent at first thought…but let’s face it pretty much everyone born female or identifying as female is going Barbie while a huge number of blokes are going to think it profoundly amusing to do the cinematic Ken look.
That means we are looking at what amounts to an incredible bubble this September / October: in pink!?
So consider this your warning lest you want to channel your inner Barbie / Ken or even worse, you have pre-teen daughters, in which case this year’s subscription to EI is surely covered by ensuring you don’t have a ‘no pink’ tantrum as your 8 year old tries to break into the family gun cabinet come October twenty-something. Hence if you don’t want to risk going the same way as the Menendez brothers’ hapless parents (albeit with a few sparkles), you need pink planning right now!
Shipping cycles being what they are, you’re probably at the last moment to raid Alibaba / AliExpress to ensure shipping from overseas (AKA China which seems to be the world’s epicentral producer of pink - presumably they cornered the market with exclusive pink mining rights in enclaves across Africa). Meanwhile for those who like living dangerously in logistic terms (or Amazon Prime members as they are termed in many jurisdictions) that platform will feed clickbait stories through November with tales of scams / woe and non delivery when their His’n’Her gingham dress & matching Ken epaulettes didn’t appear, ruining entire lives.
So, in keeping with upbeat August in BigWorld: order your pink bits now for Hallowe’en…and whether you’re going to a party or not end October remember to wear sunglasses even during the hours of darkness when near key nightlife districts to reduce the risk of dazzled pink eye.
PARISH NOTES
A Summer Floor Mythbuster
"If money is evil then that building is hell." - Robert Downey Jr
Hold onto your hats!
An intriguing blast from the past has reemerged! A clip from an old documentary of the iconic Robert Downey Jr called "The Last Party" during his visit to Wall Street 30 years ago has recently reemerged.
The documentary is set against the background of the 1992 Democratic Convention in New York which nominated Bill Clinton.
Anyway, he who is now most famous for playing mega rich plutocrat Tony Stark shares candid thoughts about the bustling financial hub and in particular life on the trading floor…
However, here things get complicated. A raft of media, - including many who ought to know better - have lazily tagged the Downey rant as taking place after a visit to the NYSE floor on Wall Street. However,?read more...
EI WEEKLY?PODCAST
While legacy thrives, crypto dives.
Adena buys her own stock.
SBF is jailed while resorting to pleading for his medicine.
VICTORY OR?DEATH
20 years on from the first fintech bestseller “Capital Market Revolution!”… “Victory Or Death” is a must-read book for anyone interested in the intersection of Blockchain, Cryptocurrency and FinTech as part of the whole future of finance.
FINANCE BOOK OF THE?WEEK
In response to reader’s queries, we have added a book of the week column to the EI weekend edition — You can sign up for EI Weekend for free at ExchangeInvest.com incidentally.
We’re choosing interesting books pertaining to exchanges and markets, investment et al.
“Investment Biker: On the Road with Jim Rogers” is the fascinating story of legendary investor Jim Rogers's global motorcycle journey/investing trip, with hardheaded advice on the current state and future direction of international economies that will guide and inspire investors interested in foreign markets.?
Get the book?here:?Investment Biker.
Suggestions welcome if you would like to nominate a book for us to cover!
领英推荐
Our next Book of the week will be unveiled Saturday in the EI Weekend Edition.
& don’t forget if you want all the news on the bourse business sent daily to your Inbox subscribe to Exchange Invest - via Exchange Invest.com - it’s only $349 per annum to join “The Exchange of Information.”
BITCARNAGE
Fresh from EI 2733 where the Bitcarnage headline ran “Only The Lawyers Win,” we had a fairly titanic day in the New York courts as US District Judge Lewis Kaplan sided with the ongoing exasperation of the prosecution where Sam Bankman-Fried had, it seems, ignored pretty much any tenet of his bail terms including VPN abuses, showing docs in private to NYT journos (it’s always the NYT isn’t it - why do they so blindly love Sam?). In the face of leaks of Caroline Ellison’s private diaries (further grist to my thesis that the crypto bro V1.0 thing is sublimely sexist), SBF exited through the ‘straight to jail’ door as the hearing concluded. That he now is in the horrible MDC Brooklyn where Jeffrey Epstein died (even money, if not odds on: crypto media is full of SBF to be killed by Dem authorities conspiracy theory stories by Tuesday at latest) and the likes of Ghislaine Maxwell and Martin Shkreli have in the past languished.
SBF’s defence claimed the incarceration was based upon “innuendo, speculation, and scant facts” which I think is a link taken directly from about 50 recent White House Press briefings - but enough of the Biden family.
Meanwhile SBF’s law firm were soon complaining that the one time boy wonder of crypto needs a significant quantity of medicine for his various depression and ADHD disorders…
If you enjoyed this excerpt you may be interested to know that you can read Bitcarnage every day in Exchange Invest.
Alternatively, if you want to follow?Bitcarnage?— the daily update on happenings in the world of crypto and digital assets, then you can find?Bitcarnage?as a standalone on Substack.
MACRO THOUGHTS
A Smart Bear
OF INTEREST
As always, a review of interesting reading to provoke thoughts and consideration… Not sure we agree with much of it….but it’s thought-provoking!
Decrypt
The Spectator
Visual Capitalist
Yahoo Finance
NY Post
Foreign Policy
PLY: Not new but an interesting read all the same.
LAST WORD
…If you want to stay abreast of the world of exchanges then please?Subscribe?to our Daily Newsletter — free 30 day trial.
Or Subscribe to our?EI Weekend?newsletter in Substack — it’s free.
You can also check out the?“Reflections From Young’s Pyramid”, it illustrates the relative value of exchanges around the world.
Or the “ICE Cost of Borrowing 2020–2022” An Interest Rate Comparison, which illustrates the end of the funny money era of QE and how interest rates have already had a major lurch up from their previous region of zero to, even negative, levels.
At the least can you like this article, or leave us a comment, we welcome your feedback.
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Catch up on Monday for Exchange Invest 2735…
The future continues in the water cooler of the bourse business…
- Patrick