Exchange Invest Weekend: July 31st

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 1914, just 10 minutes before the New York Stock Exchange was scheduled to open, the governors of the exchange voted to close the stock market as fears of economic impacts of World War 1 mounted.

Big World

From Exchange Invest 2113: Wednesday, July 28th:

Rather than worry about the state of the world — the rudderless incompetence of (well, insert here…is any reader going to deem their political class worthy of exclusion?) government in the current age could lead to a depressing outlook. (Thankfully we can continue to drive business almost entirely in spite of the blob).

On a much cheerier note, the Olympics are in town — well Tokyo city to geolocate precisely — but thanks to digitisation the Olympians are in everybody’s town now. It’s that quadrennial opportunity to watch sports nobody much thinks about for the rest of the 48 month period. Anyway great shocks so far — looking at the medal table I see Kosovo have 2 gold medals (I hadn’t realised stealing cars and cigarette smuggling were now Olympic sports — oh well it would make a truly modern pentathlon I suppose).*

*This is a joke, #srsly: their women won 2 golds in judo (thus cementing their future careers managing nightclub bouncers).

Anyway, so many great things to applaud and a lovely video which shows a masked singer of the best kind. Hidilyn Diaz was lifting water bottles just months ago as she trained in a Covid lockdown frustration. Elation doesn’t come close to her reaction at being the first-ever Philippine gold medallist (typical — leave the job to men for a century, results nada — …takes a woman to get it done). If you want a cheering moment watch that mask move as Hidilyn Diaz belts out the Philippine national anthem.


In IPO-VID Podcast Episode 6: I discuss “The View From an Index Powerhouse” with former S&P Dow Jones Indices CEO Alex J. Matturri — enjoy!”

Available via all the usual podcast sources:


Awesome Nasdaq results as India’s IEX power market electrifies with their P&L statement.

Meanwhile, even PLY has the occasional share of the headlines…

The Exchange Invest Weekly Podcast 105

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

Trader’s Cafe With Zak Mir

PLY: My first interview on my new Executive Director appointment at Valereum Blockchain (Aquis: VLRM), chatting with Zak Mir (recorded last Friday morning).

Podcast This Week

Podcast Rebellion: SEC Expansion And Arch Manning

Red Cup Rebellion

Podcast Rebellion: SEC Expansion and Arch Manning. These two topics will be around for a while.

Macro Thoughts

Iran Is Running Out Of Water


Is America Running Out Of Water Too?

Daily Telegraph

About 65 percent of the USA is now suffering from an “extreme” or “exceptional” dry period, the worst in 122 years by some way.


Covid Has Revealed The Limits Of The Big State

The Spectator

PLY: Herd immunity BTW clearly arriving in the UK.

BTW, Wikipedia defines the first case as of December 2019 in Wuhan which makes the epidemic now 21 months old. Note, epidemics generally don’t last beyond 24 months and are usually fading at 18 months (the latter would tally with the significant decrease in deaths — and the much much lower per capita death rate than the original — let alone the original hype which I said was wrong then. Death rates appear to have peaked at about 1% of patients, at most (half the Spanish flu of 1919). Moreover, death rates have been declining for well over a year in the west despite the Delta variant scaremongering of media, big state and many quasi-Marxist control freaks in the health-epidemiology nomenklatura).

Of Interest

Investing Apps Like Robinhood Aren’t Gambling Tools That Push New Investors To Make Risky Decisions. They’re Actually A Great Way To Teach Young People How To Invest.

Cato Institute

Soft Robot Hand Is First To Be Fully 3-D Printed In A Single Step

Scientific American

A soft robotic hand has finally achieved a historic accomplishment: beating the first level of Super Mario Bros.

China Had Never Said No To A Tech Merger Until This One

South China Morning Post

Invest in China, But Without Illusions

The New York Times

Tensions with the U.S. complicate matters, but China is such a vital part of global markets that its stocks and bonds belong in diversified portfolios.

The Playboy Trader, The Nickel Scheme And Singapore’s Banks

Euromoney Magazine

Why Investor Jim Rogers Is Poking Around Uzbekistan


For The First Time, Light Has Been Spotted From Behind A Black Hole

South China Morning Post

Astronomers recently saw something they’d never seen before: X-ray light emissions coming from directly behind the black hole at the centre of a distant galaxy.

PLY: Perhaps now we can understand the maths of Joe Biden’s economically illiterate presidency — he thinks there must be light at the end of a black hole of spending too.

1 Billion Years Of Tectonic Plate Movement In 40 Seconds

Visual Capitalist

Last Word

Catch up Monday for Exchange Invest 2117…

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

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