Exchange Invest Weekend: Aug. 21st

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.

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On this day in 1998, worldwide stock markets had a plunge, as the Dow fell 280 points (about 3%) intra-day, the stock market in Caracas fell 9.5%, Brazil fell 6% and Germany fell 2%.

Big World

From Exchange Invest 2130: 17, August 2021: (Tuesday)

“Let’s be frank. Joe Biden looks more like the Brezhnev of the West than its saviour. Sadly, today’s US President has much in common with the elderly, ailing and incoherent Soviet leader whose hand was a dead-weight on the Kremlin’s tiller. That was good for the West and helped unravel the Communist system to free his subjects too, but having an American leadership almost as moribund risks the West stagnating and drifting.”

False comfort shouldn’t be taken from the turn of events between 1975 and 1989. Yes, America did get its act together after 1980, but don’t forget the other great disaster for the West which happened in 1979: the Iranian Revolution.”

The Saigon parallel provides false reassurance over Afghanistan — there’s no Ronald Reagan waiting in the wings (Telegraph)

An excellent summary as Brezh-den remains in a form of internal exile at Camp David. Isolated from the world, immune to reality, still in office for three years. Scary.

IPO VID LIVESTREAM PODCAST

In IPO-VID Podcast Episode 9: Patrick L. Young discusses “The Waves of COVID & More” with Murray Gunn — enjoy!

Available via all the usual podcast sources:

Anchor

Spotify

Google Podcasts

EI WEEKLY PODCAST 108

Sebi goes DLT as National Stock Exchange profits jump in India and at the National Stock Exchange of Australia, ‘there’s trouble at mill…’

The Exchange Invest Weekly Podcast 108

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

Podcast This Week

Former HKEX Chief Unveils New Foreign Investment Platform To Finance Chinese Small Businesses

South China Morning Post

How P2P Lending In India Is Providing Liquidity To Individuals And Micro Enterprises

IBS Intelligence

The Brief: Playing The Carbon Markets, Affordable Housing In The U.S., Health Equity, Five Critiques Of Blended Finance

ImpactAlpha

Carbon markets in Europe, California and elsewhere are finally starting to work as intended to raise the cost of greenhouse gas emissions for power plants.

Episode 253: Powering The Backbone Of The US Economy With FS KKR’s Michael Forman And Dan Pietrzak

Inside The Ice House

Parish Notes

A fascinating week in the Parish despite it being mid summer. At the same time, the FT saying “CME to buy CBOE” brought the most stringent of rebukes from CME — which one will be proven to have spoken with the accuracy of Joe Biden? Time will tell, I suppose.

Macro Thoughts

A New Theory Suggests That Day-To-Day Trading Has Lasting Effects On Stockmarkets

The Economist

COVID-19

How China Tried To Suppress The Lab Leak Investigation

The Spectator

China Is Finding Out The Price Of ‘Zero Covid’

The Spectator

Of Interest

Mystery Hedge Fund Bolsters 500% Return On Curious Nasdaq Stock

Bloomberg

PLY: Timor Turlov, the T-Club and a fascinating tale.

Decline And Near Fall Of Italy’s Monte Dei Paschi, The World’s Oldest Bank

Marketscreener

How China’s Ping Pong Prowess Explains Its Economy

Bloomberg

A very interesting review — essentially with 1.4 billion in population you can afford to lose a few during the course of training to achieve an overall victory but there’s more subtlety below the surface.

The Taliban Is Already Inspiring Terror Beyond Afghanistan. It Will Only Spread

South China Morning Post

The Common Interests Behind China And The Taliban’s Talks In Tianjin

South China Morning Post

  • Beijing regards US policy in Afghanistan as a failure and is keen to protect its own interests as foreign troops withdraw
  • In addition to security concerns in its neighbouring Xinjiang region, China sees an expanded role for its belt and road plan

An interesting conundrum as while China sees a potential expansion of “belt and road” it is equally close to already being targeted by the Taliban on its borders… The Americans may have failed — is it time for the Chinese to get sucked into “The Graveyard of Empires?”

Last Word

Catch up Monday for Exchange Invest 2135…

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

-Patrick

Entrepreneur, Investor, Author. #Exchanges #Fintech #Startups #Motorsport Emerging Markets. CoFounder @Exchange_Invest @HanzaTrade @MissionToRun @YMarkets