Patrick L Young

Jun 4, 2021

4 min read

Exchange Invest Weekend, 5th June Saturday

Exchange Invest is a unique information resource combining the day’s stories in a newsletter for investors in exchanges/financial markets infrastructure.

Exchange Invest was founded by former exchange CEO and author of the first bestselling book of fintech (“Capital Market Revolution!” FT 1999) Patrick L Young. Monday through Friday our daily paid subscriber email discusses the business of bourses of all kinds across the world.

This weekly edition is a magazine of broader macro topics as well as including our free weekly podcast which reviews the highlights of the week in the world’s market structure.

For a free trial to Exchange Invest Daily, send me a message.

On this day in 1883, John Maynard Keynes was born.

(Apparently, the woke brigade have come to destroy his legacy of late…how richly ironic given his economics funded their rise to prominence… “A l’exemple de Saturne, la révolution dévore ses enfants” as the Genevan Jacques Mallet du Pan appropriately noted).

Next Week Tuesday — Season Six of IPO-VID

Series 6 Episode 4 — IPO-VID Livestream 034

Thoughts From The Heart of Wall Street

An established NYSE floor member for over 35 years Kenny Polcari has appeared from Wall Street across tv screens for many years.

As Managing Partner at Kace Capital Advisory, Kenny serves wealth managers, incumbent B/D’s and emerging fintech companies alongside his Chief Market Strategist role at billion-dollar boutique wealth advisory Slatestone Wealth.

Earlier in his career, Kenny built the U.S. equities business for ICAP having previously run the Salomon Brothers NYSE division. Kenny was a NYSE Governor for over a decade.

Watch the LiveStream on:

EI Weekly Podcast 097

The Exchange Invest Weekly Podcast 097

Nasdaq makes a Puro Carbon play while London looks very much game on, not “Game Over” as the media might prefer to suggest.

Victory Or Death

20 years on from the first fintech bestseller “Capital Market Revolution!”… “Victory Or Death” is a must-read book for anyone interested in the intersection of Blockchain, Cryptocurrency and FinTech as part of the whole future of finance. Available Worldwide

Parish Notes

Antonella has left the LSEG. Will the Tower of London now fall?

Macro Thoughts

Visualizing The Snowball Of Government Debt In 2021

Visual Capitalist


The Damning Case Against China Over Covid-19 Deserves Proper Attention

City AM

A study by the University of Southampton estimates that an astonishing 95 percent of all global Covid-19 cases were avoidable had China alerted the world to the danger just three weeks earlier than it did on January 20.

PLY: Building on Hulsman’s article of last year in CapX, and last week’s excellent Spectator piece by Lord Ridley, John Hulsman goes for the jugular. He is not alone. The post-Covid scenario seems to be inferring that China bears a lot of blame for the original leak of Covid-19 and ironically the PRC has in many ways manifested the blame on itself through its remarkably heavy-handed attempts to divert blame from China to anywhere else…

Given the whitewash report of the WHO, it is fair to suggest this is nowadays the most useless global body in existence — despite there being considerable competition for that mantle amongst inept blob entities.

Of Interest

So, You Want To Democratize Venture Capital


Products like the AngelList rolling fund are great, but public, ongoing fundraising still largely benefits those who have networks to tap into in the first place…

She Memorised IBM Typewriter Codes For 5,400 Chinese Characters But Couldn’t Save Tech Giant’s Ill-Fated Machine

South China Morning Post

A Century Of Grain Trade


The Genius Of The Board Game, Monopoly

Economic Intersection

If you have, like I have, spent the most recent 25 years of your life trying to explain to your friends and strangers, something the basics of which an 8-year-old should be able to understand — and like me, you have utterly failed — try using the board game Monopoly as your example.

Last Word

Catch up Monday for Exchange Invest 2069…

the future continues in the water cooler for the bourse business…