The narrative seems to be that markets are now betting on the Fed doing a U turn. I’ll wait till the next inflation figures and interest rate announcements before throwing money around.
Other things I thought interesting the last couple of days:
Apparently ANZ has developed an AUD stablecoin. Seems pretty pointless given that you can’t seem to buy it anywhere. I have the impression that corporates think blockchains could be used to make settlement faster and cheaper by eliminating some backoffice ops. I wonder they’re discovering that shared ledgers don’t work without built in methods of paying the network maintainers, and a diversified network of such people.
Interesting story about a guy who develops modular banking software and sells it to the banks. Begs the question: Are banks now much more than software platforms?
“Capitalism” isn’t an ideology or an organised political movement and there is no “capitalist manifesto”. This guy writes as if there is such a thing, that people agree on what capitalism is, could be or should be. I think this is sly propaganda. A capitalism that is defined, moulded and dictated by elites is communism by another name, especially when people apply words like “stakeholder”, “inclusive” or “conscious” to it. Far too much of this around.
I was playing Borderlands 3 since it was given away on Epic Games a few weeks back. The gun play is still fun, but like Star Trek Strange New Worlds, it’s very chick heavy. Chicks are the main players, men are the bit parts. I’m so over it. Increasingly, I walk out of movies and drop games without completing them. Not sure whtehr I’ll stick around to complete this one yet. Some reasonably intelligent, albeit necessarily partisan, commentary:
I predict that as disgust deepens on both sides, what has already happened with news (Eg Sky vs Guardian), and increasingly education (home schooling is massively increasing), will happen with entertainment media, and given what happened with the COVID vaccine mandates, eventually jobs too: a massive chasm dividing us in two.