Tidbits #49 – China, China, China…Battle for the Metaverse, BTS, Japanese Toilets, and More

Hello, hello! 👋🏻👋🏻 Welcome back to another edition of Tidbits covering all the recent things worth talking about in business, media, and technology. China Policy Direction and Impact on Capital Markets In recent months, Chinese domestic policy actions have accelerated and seem to embed a sense of urgency. While the Chinese government and regulators have … Continue reading Tidbits #49 – China, China, China…Battle for the Metaverse, BTS, Japanese Toilets, and More

Tidbits #47 – Didi Gets Pulled Over, Tech vs Govts, But All We Want to Do is…Shop!

Hello, hello! 👋🏻👋🏻 Welcome back to another edition of Tidbits covering all the recent things worth talking about in business, media, and technology. This is a double issue due to the July 4th holiday last weekend. 🗺 Geopolitics #1 130 countries sign on to global minimum tax plan, creating momentum for Biden push The Biden … Continue reading Tidbits #47 – Didi Gets Pulled Over, Tech vs Govts, But All We Want to Do is…Shop!

Tidbits #46 – Laws in a Digital World, Sneaky Fronts, Digital Reality + More

Hello, hello! 👋🏻👋🏻 Summer is officially upon us. And we’re almost halfway through the year. Moving fast! As always, thanks for reading. Hopefully this doesn’t take too much time away from the summer festivities. 🍋🍹🏖😎 Laws in a Digital World Before diving into our usual fare, let’s talk about Law. One of the most under-discussed … Continue reading Tidbits #46 – Laws in a Digital World, Sneaky Fronts, Digital Reality + More

Tidbits #44 – The Empire Strikes Back + Metaverse, Mobility, and More

Hello, hello! 👋🏻👋🏻 Yikes, this one is long…And this is after I cut out a bunch of other clippings I saved already! In any case, hope it is enjoyable, and thanks for reading. The Empire Strikes Back Before jumping into our regular programming, one thing I think worth diving deeper into is what happens when … Continue reading Tidbits #44 – The Empire Strikes Back + Metaverse, Mobility, and More

Proof of Work…Proof of Stake…Proof of Space…Is Crypto Reinventing the Wheel?

I have a fascination with everything new. And so…I have had an ongoing fascination with crypto! For years, it always seemed to be just more of an interesting little corner of the digital world, but increasingly it is touching more and more of the mainstream world and sometimes transforming it in the process. For example, … Continue reading Proof of Work…Proof of Stake…Proof of Space…Is Crypto Reinventing the Wheel?

Tidbits #36 – New Business Surge, Changing Date Nights, and a Whole New Reality

Hello, hello! 👋🏻 Here’s what I found interesting recently. 🗺 Geopolitics #1 Microsoft Attack Blamed on China Morphs Into Global Crisis A sophisticated attack on Microsoft Corp.’s widely used business email software is morphing into a global cybersecurity crisis, as hackers race to infect as many victims as possible before companies can secure their computer systems. … Continue reading Tidbits #36 – New Business Surge, Changing Date Nights, and a Whole New Reality

Tidbits #34

Hi, friends. 👋🏻👋🏻 What a week! Not only were markets extremely volatile, many companies and industries continue to undergo fascinating change. Major change is coming in the media space if Snap, Twitter, and Spotify’s recent investor / product presentations were any indication. And beyond that…the boom in NFTs (non-fungible [crypto]tokens) is wild in its own … Continue reading Tidbits #34

Tidbits #30

Hello, hello! 👋🏻 👋🏻 Thanks for reading. A little longer than usual, but I hope you have as much fun reading it as I did writing it. If you can’t get through all of it, please at least check out #20! It’s awesome. I guarantee it. 🗺 Geopolitics #1 Twitter Locks Out Chinese Embassy in … Continue reading Tidbits #30

An Innocent Question Re: Fed Balance Sheet Expansion and Deflation

This is a follow-up to “24/7 Money Printing at the Fed? Misconceptions and Consequences.“ For a longer list of monetary / macro-related notes, please see the most recent related note here. My prior note argues that the Fed is not currently engaged in “money printing” in the physical sense. What the Fed is actually doing … Continue reading An Innocent Question Re: Fed Balance Sheet Expansion and Deflation

Myth and Misconceptions of American Savings and Overconsumption

This piece is part of a series discussing seemingly major misconceptions around economics and monetary and fiscal policies that are commonly believed by the investing public. Understanding these misconceptions may help improve investing outcomes and make better sense of the world we live in. 1/ “In Dollar We Trust (and Why China Would Prefer Otherwise)” … Continue reading Myth and Misconceptions of American Savings and Overconsumption

Tidbits #17

💰 Economy #1 The Number of New Businesses in America is Booming The government regularly releases figures on new-business formation, derived from applications for tax registrations. And “high-propensity” business applications—those displaying characteristics typically associated with firm-creation and the employment of staff—recently reached their highest quarterly level on record (see chart). … All this has surprised … Continue reading Tidbits #17

Chinese Capital Sustainability and the Power of Capital Controls

A few months ago, Capital Flywheels penned two posts arguing why the popular understanding of the USD and monetary easing were problematic and likely incorrect. In “In Dollar We Trust (and Why China Would Prefer Otherwise)“, I argued that the USD position as a global reserve currency is much stronger compared to reserve currencies of the … Continue reading Chinese Capital Sustainability and the Power of Capital Controls

The Coming Economic (R)Evolution

Five months ago during the early stages of the unfolding pandemic, Capital Flywheels published Recession of a Different Kind shortly after the market bottomed after falling 35% from all-time-highs. In the face of significant uncertainty, massive unemployment unseen since the Great Depression, and unparalleled economic collapse within recorded history…Capital Flywheels took a leap of faith … Continue reading The Coming Economic (R)Evolution

Tidbits #11

What I found interesting recently. 🗺 Society Why the US needs racial progress: Two years ago, Marian Croak was hiding in her office at Google’s YouTube offices, convinced the police would enter and shoot her dead. There was an active shooter on the San Bruno, Calif. campus, and police were moving door-to-door to clear out … Continue reading Tidbits #11

24/7 Money Printing at the Fed? Misconceptions and Consequences.

The US Federal Reserve balance sheet is expanding at an unprecedented pace. If investors thought 2008-2018 was extraordinary enough due to a decade of near-zero Fed fund / interest rates, the last 3 months can only be described as absolutely absurd. This chart shows the Fed’s balance sheet in trillions of USD: In <6 months, … Continue reading 24/7 Money Printing at the Fed? Misconceptions and Consequences.

Submerging Markets

My thoughts around today’s topic is still forming, so this is going to sound more like a brainstorming note. The title of today’s post is not a warning about US markets… Although the US markets have rebounded far more aggressively than economic fundamentals would warrant, the US Federal Reserve and Treasury is also acting far … Continue reading Submerging Markets

How the US and China Have Played Different Games to their Own Advantage Throughout History

As mentioned in my recent Paper Portfolio update, I think investors need to brace for a return to an extended period of rough relations with China. While COVID19 is certainly part of the reason why the US and China are arguing, again, COVID19 is only one symptom of the underlying issues that were already in … Continue reading How the US and China Have Played Different Games to their Own Advantage Throughout History