Exchange Invest Weekend Edition 2763: Vulcan Vigour
Revolutionising mortgages, Bosnia at a(nother) crossroads, Chinese money harms LatAm, of Rishi’s origins and Vulcan Vigour…
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.
On this day in 2008, the financial crisis of 2007–08 was approaching peak panic levels as US institutions crumbled and banks were failing all the way to Iceland and beyond…
IN BIGWORLD
From Exchange Invest 2761: Thursday, September 14th:
Coco Gauff completed a magnificent run to her maiden Grand Slam tournament at the US Open last weekend resplendent in a fabulous pure play ‘Barbiecore’ outfit to celebrate at the prizegiving.
…Which allows me a final warning: A topic only Exchange Invest has been tackling but it’s the biggest commodity squeeze we will see this year: In little over a month the global ‘pink’ squeeze will be writ large ahead of Halowe’en when the cupboards go pinkless, panic will rebound across global suburbia. All those parishioners with daughters, girlfriends, female partners and wives need to be acutely aware this is not just a classic commodity squeeze, this commodity shortage will come complete with a full on indoor human hurricane alert. Tantrums with excessive wind shear and speeds of category 5 are anticipated to make landfall even if you live nowhere near a coast or panhandle.
See also — the origins of our Pink squeeze warning on EI 2739, August 18.
IPO-VID LIVESTREAM
NEXT WEEK TUESDAY: Season 20: Episode 04: IPO-VID Livestream 118
Guest: Mark Wheatley
Tuesday, September 19th: 1800 UK, 1900 CET, 1400 EST
“From the City To Space”
The City of London remains the world’s most cosmopolitan international financial centre. With well over a thousand years of continuous history at the forefront of commerce, it’s hardly surprising moves are afoot in the Square Mile to make the UK’s financial hub an epicentre for investing in the Space economy. Join us for a fascinating discussion with leading City politician and advisor, Mark Wheatley.
Watch the stream on:
NOW ONLINE: Season 20: Episode 03: IPO-VID Livestream 117
Guest: Rainer Zitelmann
Tuesday, September 12th: 1800 UK, 1900 CET, 1400 EST
“Rainer Zitelmann — The Wealth Elite”
Rainer Zitelmann is a German historian, sociologist and multiple bestselling author, whose 26 books include “In Defence of Capitalism.” His books have been translated into 30 languages around the world along with his copious quantity of Op-Eds.
In this week’s IPO-VID, Rainer discusses his book “The Wealth Elite” discussing “What makes the super rich tick?” Based on interviews with members of the financial elite, and rigorous academic analysis, it’s a fascinating insight into the world of the super rich ― and how they think, behave and make their fortunes.
Watch the stream on:
EI WEEKLY PODCAST
Competition In Australia
Sebi To T+0
ICE Makes Mortgages Work
Is Gary Gensler — Finance’s Kardashian?
And Elizabeth Sam Dies
The Exchange Invest Weekly Podcast 211
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.
FINANCE BOOK OF THE WEEK
In response to reader’s queries, we have added a book of the week column to the EI weekend edition — You can sign up for EI Weekend for free at ExchangeInvest.com incidentally.
We’re choosing interesting books pertaining to exchanges and markets, investment et al.
This week’s featured finance book of the week is our biased staff choice! It holds a very special place not only because it was authored by our founder Patrick L. Young’, but because it originated from our Exchange Invest Newsletter. The Exchange Invest 1000, or EI1000, serves as an index showcasing the world’s most influential figures in market structure, encompassing exchanges and clearing houses. This index relies on specialized algorithms developed by PLY.
The publication includes about 30 sub-lists, covering various categories like regional leaders, women, and experts in “Dealmakers,” “Visionaries,” “Blockchain,” “FinTech,” and more.
Get the book here…
Suggestions welcome if you would like to nominate a book for us to cover!
Our next Book of the week will be unveiled Saturday in the EI Weekend Edition.
& don’t forget if you want all the news on the bourse business sent daily to your Inbox subscribe to Exchange Invest — via Exchange Invest.com — it’s only $349 per annum to join “The Exchange of Information.”
BITCARNAGE
In Bitcarnage this week, Binance said everything was even more cushty than usual despite an outage, some resignations and so forth — and who are we to disbelieve them? Elsewhere the crypto community was a mixture of whingeing as usual in most parts with many emulating Violet Elizabeth Bott from the Just William Books with her catchphrase “I’ll thcream and thcream ‘till I’m thick”
The big news of the week was that the CFTC pre-empted IOSCO with a move which effectively kills DeFi — which we have said was inevitable for years.
Meanwhile it’s now 4 against one in the SBF trial as Ryan Salame forfeiting a vast swathe of tony AirBnB haven Lenox Massachusetts while headline of the week was the 11196 year sentenced for fraud handed down to former Thodex CEO Faruk Fatih Özer. Some might say he was lucky, prosecutors wanted him to serve 40,562 years!
If you enjoyed this excerpt you may be interested to know that you can read Bitcarnage every day in Exchange Invest.
Alternatively, if you want to follow Bitcarnage — the daily update on happenings in the world of crypto and digital assets, then you can find Bitcarnage as a standalone on Substack.
MACRO THOUGHTS
Visualizing The World’s Growing Millionaire Population (2012–2022)
Visual Capitalist
The 25 Worst Stocks By Shareholder Wealth Losses (1926–2022)
Visual Capitalist
OF INTEREST
As always, a review of interesting reading to provoke thoughts and consideration… Not sure we agree with much of it….but it’s thought-provoking!
The Man Who Bought The NYSE Just Made A $11.9 Billion Bet That He Can Fast-Track Your Mortgage For Far Less Than You’re Paying Now
Yahoo Finance / Fortune
PLY: A brilliant article which breaks down the egregious cost — $8000 per application…which ICE can surely reduce to basis points and still profit handsomely. The resulting vertical is most impressive post acquisition of Black Knight and as we know, ICE integration is always state of the art, for any sector, not just the exchange parish.
7 Richest Women On The Nigerian Stock Exchange
NewsWireNGR
The Break Up Of Bosnia-Herzegovina Cannot Come Soon Enough
The Spectator
PLY: I gave a keynote speech at the Sarajevo Stock Exchange annual conference some years ago, staying in perhaps the world’s most infamous Holiday Inn. The hotel had been built for the 1983 Winter Olympics and immortalised as the media hangout of the major foreign correspondents like the magnificent John Simpson (BBC) during the siege of the City from 1992–1996 situated on “sniper alley.” Anyway my scenic view was of a carp park groaning with hundreds of UN vehicles — armoured cars, SUV, trucks and limousines et al, each in glacier white festooned with UN decals. This was all part of what was a dystopian UN mandate to make Sarajevo appear the coherent capital of a coherent state. Judging from this article, things have deteriorated from even this fragile state of affairs, alas.
How China’s Billions Are Hurting Latin America
NY Post
Rishi Sunak Is No Son Of India
UnHerd
Farnborough Airshow — 1955
Spottydog4477 Youtube
PLY: I loved this — partly because I find Vulcan bombers fascinating. A great read btw is: Vulcan 607 — how a squadron flew half way around the world so one of them could bomb the Argentine occupied runway at Port Stanley in the Falklands. An incredible last hurrah for an amazing aircraft. Anyway way back when this amazing delta wing aircraft was new: “At the sixteenth Farnborough Airshow, in September 1955, Avro test pilot, Wing Commander ‘Roly’ Falk stole the show on the first three days by completing a barrel roll in the massive V-wing bomber!
The aircraft was the second production Vulcan B.1, XA890. “Falk’s display amazed the crowds and displayed the Vulcan’s fighter-like handling” noted amazed onlookers.
…And here’s the elegant segue to the parish of exchanges. The pilot of the Vulcan in that awesome video, Wing Commander ‘Roly’ Falk was the father of bourse — indeed Bourse Consult — veteran John Falk…(whose full-time retirement we mentioned in EI 2618).
LAST WORD
…If you want to stay abreast of the world of exchanges then please Subscribe to our Daily Newsletter — free 30 day trial.
Or Subscribe to our EI Weekend newsletter in Substack — it’s free.
You can also check out the “Reflections From Young’s Pyramid”, it illustrates the relative value of exchanges around the world.
Or the “ICE Cost of Borrowing 2020–2022” An Interest Rate Comparison, which illustrates the end of the funny money era of QE and how interest rates have already had a major lurch up from their previous region of zero to, even negative, levels.
At the least can you like this article, or leave us a comment, we welcome your feedback.
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The future continues in the water cooler of the bourse business…
- Patrick
