News: Senate Majority Leader John Thune just met with President Trump. He said the topic of firing Fed Chair Jerome Powell didn't come up though the president remains frustrated with the Fed chair on interest rates
Thune, though, said Fed renovations do require more oversight
Few behaviors express confidence as transparently as our travel planning.
If you are interested in how to assess how we really feel in one click, this is my go-to pick.
2020 everyone: By my count, Apple has dropped about $175 billion in market cap since the top this week. That's more than the total value of ExxonMobil.
Dow Jones daily return with 6 Sigma events. These events are extreme outliers that are 6 standard deviations above or below the mean, so far outside the normal distribution! #Macrobond
Il grande Mario Draghi, mente lucida:
“...il corretto ruolo dello Stato è utilizzare il proprio bilancio per proteggere cittadini ed economia contro gli shock di cui il settore privato non è responsabile e che non può assorbire..." (su FT).
Explain to me why we should spent taxpayer money to bailout companies (airlines) who spent their cash buying their own stock so the CEO gets optionality, instead of having a crisis buffer.
We should bail out individuals based on needs, not corporations.
#Moralhazard
The remaining markets question of the week, for those who care about charts - does the S&P close below its Christmas Eve low from 2018? The last hour should be interesting.
Beware Journalistic Fallacies
Italy is NOT "risking" the economy to fight the virus. It is lowering the risk for the economy by fighting the virus.
If the coronavirus proved something, it is that the half-learned (journalist, psychologist) is the greatest danger for mankind.
Bitcoin's 11 year challenge:
- $167B Market Cap
- $26B daily volume
- $2B moved on-chain daily
- Used by tens of millions
- Crushed all flippening attacks
- Recognized globally as a new money
... and it did all of this with a $0 marketing budget.