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
INVESTING
- 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...
Carl Icahn about investing
— Compounding Quality (@QCompounding) December 19, 2022
(Source: CLSA) pic.twitter.com/6Xjn3kQNvj
ECONOMICS
- 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?
CRYPTO
- 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)
BUSINESS
- 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)
ENERGY
- 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)
REAL ESTATE
- 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...
Home ownership costs have more than doubled since 2020:
— Markets & Mayhem (@Mayhem4Markets) December 19, 2022
- Rising mortgage rates
- Rising utility costs
- Higher property taxes
- Elevated real estate prices
This isn't likely to end well... pic.twitter.com/kGOhC7nkU1
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