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Feb 28 • 5 tweets • 4 min read
💸🪙 It’s one of the most revolutionary and over-hyped inventions of the 21st century.

And the Winklevoss twins are at the center of it.

This week’s Crash Course dives into the most recent meltdown in the crypto world iheart.com/podcast/1119-c… Image
Our special guest this week is @LionelRALaurent, a financial columnist covering crypto from Europe.

At one point, he explains its rise and fall in under 30 seconds iheart.com/podcast/1119-c…
The Winklevoss twins embody the sort of collision #BloombergCrashCourse lives for: between innovation and possible hucksterism, and between authenticity and possible manipulation bloomberg.com/opinion/articl…
The feud between the billionaire twins and Barry Silbert suggests the viral currency bubble’s main legacy is a version of Hotel California, says @LionelRALaurent bloomberg.com/opinion/articl…
You can subscribe to #BloombergCrashCourse on your favorite podcast platform.

🎙️ Links: rb.gy/squhyb Image

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More from @opinion

Bloomberg Opinion Profile picture
Mar 2
If health is wealth, America is dirt-poor.

The health-care crisis in the US isn’t just a tragedy for individuals. It makes it harder for the country to be productive and secure.

🧵 Let’s look at the data Image
The most vivid sign of the health crisis is falling life expectancy, says @adwooldridge bloomberg.com/opinion/articl… Image
There’s perhaps no greater metaphor for this crisis than the unhealthy discourse around Ozempic, writes @jkarl26.

A culture built on dieting is not a proper remedy for what ails us bloomberg.com/opinion/articl… Image
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Bloomberg Opinion Profile picture
Feb 28
📊 3 charts you need to see 📊

💰 Elon Musk is back on top
🇨🇳 Don’t panic over China’s “farm invasion”
⚡️ Putin’s invasion of Ukraine has dramatically redrawn the world’s energy map

Subscribe to Bloomberg Opinion Today for more trib.al/BNqIxPf
💰 Elon Musk is the world’s richest person again.

The billionaire has turned Tesla’s failing into winning bloomberg.com/opinion/articl…
🇨🇳 No need to panic over a “farm invasion”.

China doesn’t own nearly enough land to cause a food crisis bloomberg.com/opinion/articl… Image
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Bloomberg Opinion Profile picture
Feb 6
Joe Biden has now been president of the world’s largest economy for two years 🇺🇸 So how’s he doing?

Bloomberg @opinion columnists took a look at the strengths and weaknesses of his first two years in office.

🧵👇 Here’s what that looks like in data bloomberg.com/graphics/2023-…
💰 Jobs & Wages

Biden is on his way to becoming the greatest jobs-producing president in US history.

But wage growth isn’t keeping up with inflation, and if this doesn’t change, voters won't give him credit for all the jobs created.

@karlbykarlsmith bloomberg.com/graphics/2023-…
📈 Inflation

Investor expectations are historically a good predictor of consumer prices.

Biden may be presiding over the worst cost-of-living rise in decades, but the trend increasingly is his friend with unemployment at 50-year lows.

@Matthew_Winkler bloomberg.com/graphics/2023-…
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Bloomberg Opinion Profile picture
Nov 11, 2022
Sam Bankman-Fried’s crypto exchange FTX has filed for Chapter 11 bankruptcy. For customers, the losses are staggering.

In the grand scheme of business history, FTX looks like a greatest hits version of classic financial disasters
trib.al/1sL0Ce6
FTX extended too much leverage to its customers. When crypto prices crashed, the collateral couldn’t be sold without triggering further price declines.

This is similar to the nickel meltdown at the London Metals Exchange earlier this year
bloomberg.com/news/articles/…
FTX also reportedly invested its collateral in speculative trades rather than to hedge its customer liabilities.

If true, this is similar to the collapse of MF Global Holdings in 2011
bloomberg.com/news/articles/…
Read 5 tweets
Bloomberg Opinion Profile picture
Nov 10, 2022
The heart of the US-China rivalry is in the Indo-Pacific.

@HalBrands is traveling across Japan, Australia, India and the UK to cover how they plan to contain China.

Here are some highlights from his dispatches ⬇️: trib.al/CJ4spFJ
If there is a war between the US and China, it won’t simply be a fight over Taiwan or some other hotspot.

It would be a fight for hegemony in a crucial region, and for all the global influence that follows bloomberg.com/opinion/featur…
If China were to attack Taiwan, it would face a hostile superpower and likely confront its longstanding regional rival, Japan.

Japan and China have vied for hegemony in East Asia for centuries. And at times, they have threatened each other’s survival bloomberg.com/opinion/featur…
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Bloomberg Opinion Profile picture
Nov 10, 2022
The core CPI, which excludes volatile food and energy prices, rose 0.3% in October from September.

The yield on two-year Treasury notes tumbled 22 basis points, and the Nasdaq 100 was poised for the biggest jump since April 2020 bloomberg.com/opinion/articl…
Using three months of data to adjust for volatility, the annualized core CPI pace is still running around 5.8%.

This far exceeds the Fed’s idea of stable prices, says @JonathanJLevin
bloomberg.com/opinion/articl… Core inflation is trending in the right direction, but is it
The improvements stemmed largely from the CPI’s health insurance index, which plummeted for technical reasons.

Used-car prices also dropped as widely expected. Predictable good news combined with a lack of (new) bad news counts as a temporary victory bloomberg.com/opinion/articl…
Read 6 tweets

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