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- Big in Japan 🇯🇵
Big in Japan 🇯🇵
A.I. takes us back into bull market territory 🐂
GM 🌞
The top thing that caught my attention this morning was Blackstone’s chief, Schwarzman, saying the bank crisis was “caused by people on iPhones and other devices” quickly moving their money…”
Maybe I’m not fully comprehending his tone but it sounds like a banker is complaining that banking is too accessible and that’s why things went poorly.
This is also coming from the firm that sold real-estate funds on the premise of liquidity and then locked them up when investors wanted their money back.
Lots to consider here, especially where to keep your money. I’ll put these comments next to the SVB leadership blaming WFH for what was truly just plain-vanilla mismanagement.
Let’s drop in 🪂
TECHNOLOGY | A.I. 🦾
A.I. beginning its rule by inciting both fear and adoration. Musk and others sign petition for ethical A.I. building and call for a pause on A.I. development.
Ads are coming to Microsoft’s AI-powered Bing. The tech giants plans to share ad revenue with publishers whose content powered the chatbot’s response.
We use Brave Browser here @ Autonomy and the integration it has with the De-Fi and dApp ecosystem allows us to get paid for ads that we view. So far I’ve made $2 this month by just using my browser… is UBI near?
ECONOMY 📊
US pending home sales rose for third straight month in February with loan demand increasing
TRENDS ✨
The FDA approved Narcan to be sold over the counter in the US. Naloxone, the underlying medication in Narcan, reverses drug overdose caused by opioids, and making it accessible is a lifesaving measure.
If you live in an urban or suburban area you should be trained on Narcan application. The fentanyl epidemic is destroying our communities, friends, and families. Do your part and look into training and learning more about what you can do to help with this national crisis.
MACRO | JAPAN 🇯🇵 | Oil ⛽️
Japan’s new central bank chief may be the next big threat to global financial stability. Here’s why:
Under Governor Haruhiko Kuroda Japan had “easy” monetary policy unleashing a $3.4 trillion cash dump on the investment world. Now the stage is set for a possible policy reversal under his successor Kazuo Ueda. When monetary policy goes from easy to hard-mode the economy (and the people within it) tend to suffer.
The stakes are high: Japanese investors are the biggest foreign holders of Treasuries and own everything from Brazilian debt to European power stations. This means that if Japan shrinks its balance-sheet, the tighter monetary conditions will be exported as well.
DIGITAL ASSETS⚡️| Regulatory Wars ⚔️
An ex-CEO of Binance.US enlisted an ex-US prosecutor and CFTC lawyer to represent her in US's investigations into Binance
Binance hid extensive links to China for several years
Chart(s) Du Jour 👨🏻🍳
MEME DIGESTIF ☕️
State of the economy
Steven Schwarzman was on the other line.