Icahn On Investing, What The Fed Gets Wrong, Binance Buys Voyager Assets, Nuclear Power Too Slow, Home Flip Profits Drop

“It is better to be roughly right than precisely wrong.”

― John Maynard Keynes

• SEC proposes the biggest stock trading update since 2005 (Morning Brew)
• BlackRock’s Top Bet Is Shunning Sovereign Bonds in All Scenarios (Bloomberg)
• The Santa Rally Is Seriously In Doubt (ValueWalk)
• Carl Icahn on investing...

• ECB, BoE, Swiss National Bank all raised rates by 0.5% (WSJ)
• U.S. weekly jobless claims fell by 20k, lowest since Sept. (WSJ)
• Four High Frequency Indicators for the Economy (CalculatedRISK)
• What the Fed Gets Wrong (The Big Picture)
• Inflation really ending?

• US Senator: Cryptocurrency Cannot Be Stopped, FTX Collapse Isn't an Indictment of Crypto (Bitcoin.com)
• $5 Billion in Crypto Exits Binance in 48 Hours As Solvency Concerns Grow: Analytics Firm (Daily HODL)
• Jack Dorsey Gives Decentralized Social Network Nostr 14 BTC in Funding (CoinDesk)
• Man Who Posed in Tub Full of Cash to Plead Guilty in Bitcoin Theft Case (Bloomberg)
• Silvergate Capital Slapped With Lawsuit Over Ties With FTX And Alameda (Bitcoinist)
• Binance.US Agrees to Buy Voyager's Assets for $1.02B (CoinDesk)

• After Retail Sales Post Biggest Drop In Nearly A Year (Forbes)
• Goldman Sachs plans to lay off about 4,000 employees (Semafor)
• EU Approves 15% Corporate Minimum Tax (WSJ)
• ChatGPT owner OpenAI projects $1 billion revenue by 2024 (Reuters)
• Cisco Mass Layoff Cuts 4,100 Employees (Forbes)
• Twitter to shut down newsletter product Revue next year (Reuters)

• Nuclear power is too slow (Gordian Knot News)
• California cuts payments to homeowners for solar panels feeding energy back to the grid (CNBC)
• Manchin Spurs US Reversal On Carbon Capture Funding (Rigzone)

• Mortgage Rates Fall for a 5th Straight Week (Bloomberg)
• Home flipping profits drop at the fastest pace in over a decade (CNBC)
• Real estate situation over time...