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Mar 17, 2023 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
Mar 15, 2023 10 tweets 6 min read
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
Mar 2, 2023 8 tweets 5 min read
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…
Feb 28, 2023 4 tweets 3 min read
📊 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…
Feb 28, 2023 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…
Feb 6, 2023 12 tweets 9 min read
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-…
Nov 11, 2022 5 tweets 2 min read
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/…
Nov 10, 2022 6 tweets 3 min read
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…
Nov 10, 2022 6 tweets 3 min read
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
Nov 9, 2022 7 tweets 4 min read
After a long campaign season, we’re finally here. Election Night.

Here’s what we’ve learned in recent weeks on the state of the race and the nation trib.al/hAEJazZ Democrats face tough odds to hold onto the House and Senate for a number of reasons tied to:

➡️ The struggling economy
➡️ Rising crime rates
➡️ Difficulties in connecting with voters trib.al/Q9uKkEg Voters fill out ballots at ...
Nov 8, 2022 8 tweets 5 min read
Amid the brutal crypto selloff, Sam Bankman-Fried’s exchange FTX was hailed as the buyer of last resort amid the wreckage.

Now rival billionaire Changpeng Zhao of Binance is buying him out trib.al/PIAva7I Zhao announced plans to sell Binance's $530 million stash of the FTX-run token FTT, heaping selling pressure on an already battered crypto market.

This snowballed into an existential crisis for FTX. $1 billion was withdrawn from the exchange in a week trib.al/PIAva7I Photo illustration of FTX
Oct 26, 2022 11 tweets 5 min read
The crisis in US K-12 public education continues to deepen, and decisions by many colleges and universities to abandon SAT and ACT scores are making it worse trib.al/4KZ5itW ACT scores have fallen to the lowest level in 30 years, while fourth- and eighth-grade math and reading scores from the National Assessment of Educational Progress show declines.

These results underscore the urgency of K-12 interventions trib.al/wCWSQKm A chart that says: Scores o...
Oct 25, 2022 10 tweets 5 min read
President Joe Biden’s policies didn’t cause many of the economic problems the US faces today. But they did make them worse.

His policies might reduce growth in the future and make the economy less equal and resilient trib.al/jjtIxtN The president normally doesn’t have much impact on the current economy; he doesn’t set energy or asset prices. But the Biden administration has been productive when it comes to economic policy making.

Most of those policies were bad for the economy trib.al/Ez65b22 A picture of Joe Biden speaking at a podium.
Oct 25, 2022 6 tweets 4 min read
Will they split? Won’t they?

On Tuesday, we finally got an answer to whether Kanye West and Adidas would go their separate ways.

📢 Today at 11 a.m. EST, join @skgreen, @AndreaFelsted and @benschott for a LIVE conversation on @TwitterSpaces: twitter.com/i/spaces/1dRKZ… The sportswear giant said it was ending its almost decade-long collaboration with the musician, now officially known as Ye, after putting it under review last month.

Adidas said it would terminate the partnership with Ye immediately bloomberg.com/opinion/articl…
Oct 25, 2022 6 tweets 4 min read
The most polarizing thing in finance is crypto.

So @matt_levine decided to write a 40,000 word thing about it for @bw. Here’s why: trib.al/fhtMliU Crypto is a set of ideas and products and technologies that grew out of the Bitcoin white paper.

But it’s also a set of lines on charts that went up trib.al/fhtMliU
Oct 24, 2022 9 tweets 4 min read
California’s economy has proven resilient through Covid and high inflation.

The Golden State’s GDP is poised to overtake Germany’s as the fourth largest in the world after the US, China and Japan trib.al/40VIGVQ California already leapfrogged Brazil (No. 7) and France (No. 6) in 2015 and supplanted the UK (No. 5) in 2017.

Estimates suggest the state may have already caught Germany trib.al/9uVpLZ5 A chart that says: California's economy is poised to overtak
Oct 24, 2022 12 tweets 5 min read
Rishi Sunak won the leadership of the Conservative Party and the prime ministership of the UK on the most important day of Diwali, the “festival of light.”

It is celebrated by Hindus, Sikhs, Jains and some Buddhists trib.al/gGWss1D Sunak will be the first Hindu to become UK prime minister.

His time in office will hinge on his ability to deliver a reasonable measure of prosperity to a country that is in dire economic straits trib.al/MwelLdo A picture of Rishi Sunak ge...
Oct 24, 2022 10 tweets 5 min read
The line up for the new leadership of China’s Communist Party is out. It’s a clean sweep for President Xi Jinping.

The new Politburo Standing Committee — China’s most powerful governing body — is comprised with his men trib.al/57Ehbeg New members of the Politburo Standing Committee include:

—Shanghai party secretary Li Qiang
—Guangdong province’s party chief Li Xi
—Beijing party secretary Cai Qi
—Xi’s chief of staff Ding Xuexiang

Li Qiang is likely to become China’s next premier trib.al/ru3K5LT China's Xi Jinping and the ...
Oct 7, 2022 12 tweets 7 min read
As the pound and euro struggle relative to the dollar, opportunistic US travelers might be wondering if it’s time to book an international trip.

But don't think there are bargain-basement prices everywhere in the UK and Europe trib.al/l7hDrHs The dollar may get you 20% more when dining or shopping, but in-demand hotels are still expensive.

High-end accommodations in Paris and Capri have increased their rates by as much as 40% and are likely to keep them there trib.al/l7hDrHs The luxury hotel 'Cheval Blanc', adjacent to the La Samarita
Oct 6, 2022 12 tweets 6 min read
The conventional wisdom about hunger is changing.

A new scientific understanding says that people eating the wrong kind of diet can suffer from both hunger and obesity trib.al/kplopwE A more scientifically accurate view of hunger and obesity couldn’t come at a better time:

—Obesity affects about 40% of the US population
—Almost one in four Americans has trouble affording food
—The price of food has risen more than 11% since last year trib.al/cwAHzlc Flat & Point in Chicago priced its 2-pound loaves at $10 to
Oct 5, 2022 12 tweets 9 min read
Many uncertainties swirl around the UK’s new government — so many, indeed, that betting on whether it survives is keeping bookmakers busy.

But this is for sure: If Liz Truss can’t keep homeowners on side, her party is toast at the next election trib.al/8xxDc9Q In the first week since Kwarteng’s disaster mini-budget, UK lenders pulled 40% of mortgage packages on the market so they could recalibrate.

“My mortgage went from 4.5% to 10.5%,” a first-time buyer told a @bbcquestiontime audience to audible gasps trib.al/tFvnATR line chart showing uk house...