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Mar 17 6 tweets 4 min read
📉 VCs causing the downfall of SVB
💰 Credit Suisse’s pricey lifeline
🚐 RVs predicting the future

🧵 Catch up on the week in news with @ALampietti’s round up of our must-see videos
If venture capitalists had stayed calm, would #SVB be OK today?

🎥 @kylascan has all the answers
What’s next for Credit Suisse? 🇨🇭

@PaulJDavies explains bloomberg.com/opinion/articl…
🚐🔮 RVs predicting a recession?!

@foxjust has an economic bellwether for you bloomberg.com/opinion/articl…
Mark Zuckerberg has now effectively laid off 25% of his workforce.

For too long, Silicon Valley equated rapid head-count growth with success. The Meta layoffs reveal a deeper truth, say @bethkowitt and @parmy bloomberg.com/opinion/articl…
Chanel’s classic flap handbag cost $4,400 in 2012.

Now that same handbag costs $10,200, says @ALampietti.

👜 Worth it? You be the judge

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More from @opinion

Mar 15
Credit Suisse is in crisis.

What went wrong? So, so much.

🧵 Let’s take a look
We *just* learned that #SVB’s downfall was announcing it was raising equity without having buyers lined up, says @matt_levine.

So why would Credit Suisse’s biggest shareholder announce they would “absolutely not” put more money into the embattled bank? trib.al/aS9oy3I Image
After Saudi National Bank ruled out providing more assistance, #CreditSuisse closed down 24% at 1.697 Swiss francs per share, its lowest closing price on record trib.al/nnFD2F8 Image
Read 10 tweets
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
The most vivid sign of the health crisis is falling life expectancy, says @adwooldridge bloomberg.com/opinion/articl…
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…
Read 8 tweets
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…
Read 4 tweets
Feb 28
💸🪙 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…
Read 5 tweets
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-…
Read 12 tweets
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

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