Food & Other Lies : EI Weekend 3086
Food, sugar, sugar tax, fat wars and more…
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 Young. Monday through Friday our daily paid subscriber email discusses the business of bourses of all kinds across the world.
On this day in 1999, it was announced that MCI WorldCom Incorporated had agreed to pay $115 billion for Sprint Corporation.
SPONSORED BY:
MACRO THOUGHTS
“What would a health warning on UPF actually say? A cancer warning on a pack of cigarettes is evidence-based. If you start putting cancer warnings on pasta sauce and sliced bread, you are going to have some litigation on your hands, and rightly so.”
— Christopher Snowdon (Ultra-Processed Food And Elite Opinion)
IPO-VID LIVESTREAM: NEXT TUESDAY!
“Credit Rating Securities: Empowering Risk Management in Credit Markets?”
Guest: Patrick Wood
October 8th, 2024
1700 UK, 1800 CET, 1200 EST
Watch the stream on:
LinkedIn | Youtube | Facebook
North American capital markets veteran Patrick Wood is CEO and President of DelphX Capital Markets (DELX-TSXv) which is advancing a revolutionary fixed-income solution for the future of credit rating volatility.
IN BIGWORLD
From Exchange Invest 3082: October 1st:
Every 14 seconds a woman in the world is diagnosed with breast cancer. That’s close to 2.5 million cases per annum. In the OECD 1% of all female deaths are attributed to breast cancer.
September 18th, NYSE got ahead of the curve and the Susan G. Komen Foundation rang the Opening Bell to kick off awareness of US National Breast Cancer Awareness Month which officially starts today.
Trigger warning — the podium is so fabulously pink it makes the Barbie Movie look positively monochrome: Susan G. Komen Rings The Opening Bell
PLY: Market Movers On Fintech TV
Catch me on Market Movers On Fintech TV every Monday at 0920 AM for the latest insights in finance, technology, impact investing, and market trends. Fintech TV is on the web (Fintech.TV), in a multitude of airports across the USA and other channels.
EXCHANGE INVEST WEEKLY PODCAST
Dawn Raids in Europe,
As ASX Goes From Bad To Worse,
NSE Have Got 3X Rack Size Coming,
CME’s Lost Lustre,
As Boujnah Cries “Let’s Make Equity Great Again!”
BMLL Answers A Key Data Question 21 Million Times.
The Exchange Invest Weekly Podcast 265
BITCARNAGE
This ain’t money it’s gold
…Or words to that effect can be attributed to Howard Lutnick of Cantor / BGC et al (and now CME competitor FMX: Bitcoin Should Be Treated As A Commodity, Like Gold — Cantor Fitzgerald CEO (Cointelegraph).
That’s an intriguing argument as it would place BTC squarely under CFTC but would presumably appal those who think the clunky blockchain is the future of money…
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.
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 Myth Of Childhood Obesity | Christopher Snowdon
The Critic Magazine
Don’t Buy The Junk On The Sugar Tax
CapX
Ultra-Processed Food And Elite Opinion
Snowdon Substack
“The lesson is that once zealots are in charge, regulation becomes a runaway train with prohibition as the final destination.”
Christopher Snowdon discusses this article, he terms “abysmal”
Ultra-Processed And Fast Food Is Everywhere — And Causing Us Harm
FT
What’s Wrong With The ‘War On Obesity?’
Sage Journals
Is The War On Obesity Bad For American Health? Yes — Here’s Why
Harvard Public Health
Books worth reading:
FINANCE BOOK OF THE WEEK
“The Big Short: Inside the Doomsday Machine” by Michael Lewis is a sequel to Liar’s Poker, our book of the week last week. This sequel is about the crash that began in bizarre feeder markets where the sun doesn’t shine and the SEC doesn’t dare, or bother, to tread: the bond and real estate derivative markets where geeks invent impenetrable securities to profit from the misery of the Americans who can’t pay their debts.
Get the book here.
*Paid link, as an Amazon Associate, Exchange Invest earns from qualifying purchases.
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 $375 per annum to join “The Exchange of Information.
CAPITAL MARKET REVOLUTION
First published in 1999, “Capital Market Revolution!” offered a clear, concise roadmap for navigating the financial revolution fueled by technology. And 25 years later, as the world of fintech continues to evolve, the core principles laid out in the book remain surprisingly sharp
This new edition was produced to celebrate PLY ringing the NYSE Closing Bell July 5th, 2024. There are several new sections of PLY pith to add 10,000 more words of context and the original book which is remarkably prescient and elegantly dated all at once! It’s only $9.99 on Kindle, a fraction of the original price in 1999 to encourage revolutionaries with any budget!
Get the book here.
*Paid link, as an Amazon Associate, Exchange Invest earns from qualifying purchases.
AFM & Exberry: Fintech Revolution And Disruption
“All exchange operators require three vital functions to ensure an orderly market which is customer-cenric in the contemporary age:
Technology
Technology
Technology”
-“The Exchange Manifesto”, Official 10th Anniversary Publication of the Association of Futures Market*
*by PLY, who else?
Earlier this week, I had the pleasure to compere a live discussion “Fintech Revolution And Disruption” on behalf of AFM, with Exberry co-founder and CEO Guy Melamed, former AFM chairman Pat Kenny and current AFM Chairman Chris Sturgess.
If you missed this event, you can still watch it here.
A great chance to catch up with several past IPO-VID guests:
Guy Melamed (IPO-VID 076: Exberry: Building Cloud Based Exchanges, with Magnus Almqvist).
Pat Kenny (IPO-VID 107: AFM 25 Years On with Paul Constantinou).
Chris Sturgess (IPO-VID 109: AFM, Africa & Commodities).
Ultimately AFM remains my favourite exchange industry association melding relationships with a unique network which is leveraged with IT as Pat, Chris and Guy all noted.
There’s still time to register, here for a tech-centric day in markets:
Where: W Marriott Hotel Amsterdam
When: October 9th, 2024
IPO-VID LIVESTREAM: NOW ONLINE!
“Prometheum: Blockchains, Markets and The Future of Finance”
Guest: Aaron Kaplan
October 1st, 2024
1700 UK, 1800 CET, 1200 EST
Watch the stream on:
LinkedIn | Youtube | Facebook
Aaron Kaplan is the co-CEO of Prometheum Inc. Its affiliate, Prometheum ATS, offers a blockchain-enabled ecosystem for trading digital assets. Another affiliate, Prometheum Capital, engages in clearance, settlement and custody of digital assets. Kaplan previously served as Counsel at Gusrae Kaplan Nusbaum.
LAST WORD
…If you want to stay abreast of the world of exchanges then please Subscribe to our Daily Newsletter — free 7-day trial.
Or Subscribe to our Weekend Edition — 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.
If you enjoy our multimedia, then please Like / Subscribe to our video channel: IPO-VID In Patrick’s Opinion.
