BREAKING: Mark Cuban calls for more stablecoin regulation after trading DeFi token that crashed to zero bloomberg.com/news/articles/… $TITAN
Here's @mcuban's full statement to Bloomberg regarding his experience staking liquidity for $TITAN bloomberg.com/news/articles/…
Curious what all the frogs who welcomed Mark to the club think!
Ah @IronFinance has published its post mortem on the crash ironfinance.medium.com/iron-finance-p… HT: @IvanTheK

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More from @TheStalwart

16 Jun
*FED MEDIAN PROJECTIONS SHOW TWO RATE INCREASES BY END-2023

Stocks falling some more

bloomberg.com/news/articles/…
Ten year yields jumping a bit here.
Full Fed story here from @boes_ --> bloomberg.com/news/articles/…
Read 4 tweets
15 Jun
I've been meaning to write a blog post for a long time about the very muddied discussion that's happening right now with digital currencies.

Thanks to @rohangrey's testimony today, I decided to write it. I see things much the same way as him. bloomberg.com/news/articles/…
@rohangrey My main theory is that the reason there's so much talk these days about CBDCs is because crypto is hot, and central bankers want in on the action.

But beyond that, there's a big difference between a digital bearer dollar (like cash) and just a public option for banking.
And as @rohangrey points out, the two things may in some way be complementary. But they're not at all the same thing. And yet they've become fused in the public discussion.
Read 5 tweets
15 Jun
NOW WE PAY THE PRICE FOR NOT DOING ENOUGH ON INFRASTRUCTURE

In today's @markets newsletter, I talked about inflation, and how the situation at our ports and waterways is a perfect example of how the discussion of "paying for it" is totally backwards.

bloomberg.com/account/newsle…
@markets It's just amazing, we continue to have these hazy, theoretical conversations about how "the children" are one day going to have to pay for government spending. Meanwhile we have rising prices right now that can be connected to underinvestment in logistical infrastructure.
@markets Full transcript is here. bloomberg.com/news/articles/…
Read 5 tweets
14 Jun
THE GLOBAL SHIPPING SITUATION IS STILL GETTING WORSE

New Odd Lots is out. We spoke with @AntonPosner and Margo Brock of @MercuryResourc

Earlier this year, @tracyalloway tried shipping a teddy bear out of Hong Kong. Today she wouldn't even be able to try

bloomberg.com/news/articles/…
@AntonPosner @MercuryResourc @tracyalloway If you enjoyed our past episode with Ryan Peterson of @flexport, this one goes even deeper into the nitty gritty of global freight. And why, after all these months, things aren't getting easier. Certain jobs that would have been tough back in January are now impossible.
@AntonPosner @MercuryResourc @tracyalloway @flexport The episode also pairs nicely with this chart from @fed_speak showing that at least on this one measure, prices for shipping goods continue to rise strongly.
Read 5 tweets
10 Jun
HOT:

CPI (YOY) rises 5.0% vs. 4.7% expected.

Core CPI (YOY) up 3.8% vs. 3.5% expected.

S&P futures slipping a little on the news

bloomberg.com/news/articles/…
On a sequential basis, core CPI rose 0.7% from last month.
Five year yields ticking higher
Read 8 tweets
28 May
TRANSCRIPT: The latest Odd Lots with @BrianVenturo where we talk about how hard it is to get semiconductors these days is up. So many great insights about what the chips market looks like these days. bloomberg.com/news/articles/…
@BrianVenturo One of the important takeaways is that a few years ago, crypto mining (Ethereum) was mostly impacting the availability of GPUs.

But now other newer coins is making the market tight everywhere in the hardware space.

Filecoin is a big contributor this. bloomberg.com/news/articles/…
@BrianVenturo And now the launch of Chia is making things even worse. bloomberg.com/news/articles/…
Read 4 tweets

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