Federico RC

Investor with @threevc 🚀 | “Any sufficiently advanced technology is indistinguishable from magic”

[Federico RC @thefintechdaddy]

@itsjulianpaul @joincello is probably an option for SaaS products

[Federico RC @thefintechdaddy]

@elonmusk We observe

[Federico RC @thefintechdaddy]

@JeremyClarkson Doesn’t Hammond need a doctor 3 times a day though?

[Federico RC @thefintechdaddy]

@JeremyClarkson Everyone: * not surprised *

[Federico RC @thefintechdaddy]

@NoContextBrits @MrJamesMay

[Federico RC @thefintechdaddy]

@WorkMJ Article 8 doesn’t differentiate between a coal mine and a software…

[Federico RC @thefintechdaddy]

@andreasklinger Blocktorch 😍 @GeryPollak

[Federico RC @thefintechdaddy]

@andreasklinger @peer_rich @auderdy It skewed it in the right direction😤

[Federico RC @thefintechdaddy]

@WorkMJ I am more unsettled by the form, rather than the content on this occasion. Mind you- I’m very upset about the content…

[Federico RC @thefintechdaddy]

@WorkMJ How would you fix it? And I don’t mean how would you fix the terms, which are clearly wild, but how would you convey the message that their ultimatum is akin innovation suicide?

[Federico RC @thefintechdaddy]

@WorkMJ For once…

[Federico RC @thefintechdaddy]

@0xgaut Covid lockdown/ scaremongering was wild

[Federico RC @thefintechdaddy]

@MrJamesMay +1

[Federico RC @thefintechdaddy]

It really feels like AGI is just around the corner

[Federico RC @thefintechdaddy]

@WorkMJ More jobs for him and his friends 😏

[Federico RC @thefintechdaddy]

They are on a roll 🙃

https://t.co/xZaNBvJFTV

[Federico RC @thefintechdaddy]

This tickles my funny bone. Who thought it was a good idea to let Italians take the first step in the regulatory charge against ChatGPT?

For a country that can barely (mis)manage the backlog of claims in its small court, this is a bold move…

https://t.co/FZUyB0tv1R

[Bill Ackman @BillAckman]

The @federalreserve should pause on Wednesday. We have had a number of major shocks to the system. Three US bank closures in a week wiping out equity and bond holders. The demise of Credit Suisse and the zeroing of its junior bondholders. Notably, bondholders bearing losses is a new phenomenon as they were protected in the GFC.

@firstrepublic depositors that haven’t left already will not be comforted by today’s stock price performance. This banking crisis remains unresolved and higher rates won’t help.

We don’t yet know where the losses are for investors in these institutions and what the contagion effects may be. Deposits have become unstable. What regional bank is going to commit meaningful capital to new construction or business loans in this context?

The effect of the above is a meaningful tightening of financial conditions that has not yet been visible in light of the rapidly unfolding events of the last two weeks.

Inflation is still a problem and the Fed needs to continue to show resolve. Powell can do this by pausing and making very clear that this is a temporary pause so that the impact of recent events can be assessed. He can make clear that his intent is to resume raising rates at the next meeting unless the banking crisis remains unresolved, and has on its own sufficiently slowed the economy.

I continue to believe that the best course of action is a temporary @FDICgov deposit guarantee until an updated insurance regime is introduced, for if bank number five is closed, the market’s attention will move to banks six, seven and eight.

Unfortunately, the data on every banks assets, liabilities and deposits are publicly available and the stock market has been a perfect indicator of who comes next.

This is not an environment into which the @federalreserve should be raising rates and adding additional pressure on the system as financial stability is the Fed’s first responsibility.

[Federico RC @thefintechdaddy]

@HarryStebbings Record your own motivational talk and listen to it on loop 😏

[Federico RC @thefintechdaddy]

@HarryStebbings When you hire someone do you generally tend to rely more on your instincts or hard facts/ achievements?