bankingsystem
If there is one thing everyone wants, it’s economic vision. But that’s difficult to attain. All the best economists admit that they don’t know what’s going to happen next. Even after their long, exhaustive years of academic study, they all graduated with blindfolds on. And yet, here we are asking economists to help us solve our biggest problems. Q4 2022 hedge fund letters, conferences and more So, how do you develop X-ray economic vision? The same way engineers are able to predict the future for bridges, buildings and just about anything else they build. They use science and apply it to make p...
ValueWalk
By Mohammed Kudrati Several websites and news outlets have published stories with headlines stating that banks would remain shut for 21 days in October. This news is misleading. While the headlines are sensational, they do clarify in their stories that this 21-day closure is not simultaneous across the country and vary by state and the local festival. They have also provided a state-wise festivity list where banks will remain shut. But the headline makes it seem like this is a pan-India occurrence and the banks will be shut down simultaneously for 21 days. Examples of their headlines can be se...
BOOM Live
Whitney Tilson’s email to investors discussing energy consumption of bitcoin vs. the banking system; decline in oil consumption; Adam Neumann pockets another $245 million; Adam Wyden’s reckless tweets; calamity no. 1: loss of reputation and/or wealth. Q1 2021 hedge fund letters, conferences and more The Energy Consumption Of Bitcoin Vs. Banking System1) Here's Andrew Ross Sorkin of the New York Times with a spot-on tweet: Decline In Oil Consumption2) Speaking of energy consumption, here's a fascinating chart (source) showing that "the U.S. economy uses 70% less oil than 50 years ago to produce...
ValueWalk
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