Must Have Yuan?: EI Weekend 3146

Patrick L Young

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Must have Yuan? Freezing bodies, Town crying, Screen play writing, trendy hunting & The Red Barrows.

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 1995, Microsoft and NBC announced a joint venture to create MSNBC, a cable channel and Web site devoted to breaking news. In 2005 NBC raised its stake to 82%.

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MACRO THOUGHTS

Can China’s Yuan, Now A Familiar Face Around The World, Become A Must-Have Currency?
French Economist Marc Uzan On How China Can Help Reshape The Global Financial System
South China Morning Post

IPO-VID LIVESTREAM: NOW ONLINE!

https://www.youtube.com/watch?v=mKLBhlFG6bM

“IPO-VID 2024 Review — Part II”
December 10th, 2024
1700 UK, 1800 CET, 1200 EST

Steve Zwick, Cees Vermaas, Danny Corigan, Cassandra Seier, Jess Froats, Meghan Dughan, Dr. Richard Smith, Bjørn Sibbern, Maureen Downs, Jim Downs, Dr. Armen Papazian, Aaron Kaplan, Patrick Wood, Paulina Bren, James Ashton, Yassir Benjelloun-Touimi, Khody Azmoon, Mick Heyman, Louisjan Bonthuys, Shiloh Bates.

Discussing their thoughts on where the “Capital Market Revolution!” goes next, beginning the 25th anniversary year of the original book’s publication!

Watch the stream on:
LinkedIn | Youtube | Facebook

IN BIGWORLD

From Exchange Invest 3138: December 5th:

Fun fact about the Trump legacy from term 1:

In 2017–2018, over 21% of US imports came from China.

By 2023 (the Brezhnev administration maintaining previous Trump policies), that number was down to 14%.

PLY: Market Movers On Fintech TV

https://www.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

https://www.exchangeinvest.com/ply-podcast/

Is CMU Dead?

$17 billion CFTC,

SEBI Sued For IPO,

And there’s a New DB1 Chairman while in New York, we say a fond farewell to Art Cashin.

The Exchange Invest Weekly Podcast 275

BITCARNAGE

Atkins To Run SEC

The entire crypto world is convinced Paul Atkins becoming SEC Chairman is a watershed moment for crypto. Well, not so fast…

Yes, Paul is a true deregulatory advocate who has been very cynical about a lot of SEC issues and he has been involved in crypto advocacy but then again he was until his nomination, running a lobbying firm.

However, the issue for me boils down to two things. First up, earlier this week the spin from team Trump was apparently that the CFTC would take a lot more responsibility for crypto et al over the SEC… The second key concern must surely be that those of us with perspective that goes back a whole term in US electoral cycles will recall that the crypto bros were ecstatic that somebody who had been lecturing on crypto at MIT would become SEC Chairman. Remind me, how did that work out?

Trump Nominates Former SEC Commissioner Paul Atkins To Lead Wall Street Regulator
NY Post
Trump Nominates Paul Atkins As SEC Chair
The Hill

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!

Freeze Your Corpse, Freeze Your Money?
The Hustle

Square Mile And Me: Town Crier Alan Myatt On His Accidental Career And Messing Up Names
City AM

How To Write A Modern Screenplay
The Spectator

How Hunting Is Trending In Japan As Young And Old Dust Off Ancient Techniques In Search Of Wild Game
South China Morning Post

PLY: Next week we kick off our Festive year end round up hence something a little different to end this edition of the EI Weekend. Most people in the world can recall the crack UK fighter squadron, the Red Arrows (a reminder: Fly with the Red Arrows (3D): The Science Museum, London) but in the spirit of English eccentricity, there is also a fabulous display team whose origins seem to have been in Yorkshire but have apparently rapidly sprouted squadrons across the country, even amongst the southern shandy drinking regions contrary to northerners’ belief the sense of humour meets its demise around Watford Gap, viewed by some as England’s answer to the 38th parallel dividing Korea.

Anyway, a co-conspirator reports enjoying a Red Barrows display at the York races some years ago and it has to be said as a mesmerising display to rebalance the blood pressure over the Festive season, I think this is a wonderfully life affirming brace of displays from the mixed squadrons of Britain’s incredible Red Barrows: The Red Barrows, Yorkshire 2017 / Hassocks Red Barrows.

Book worth reading:

CAPITAL MARKET REVOLUTION

https://amzn.to/3AkJrK8 (paid link)

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.

IPO-VID LIVESTREAM PODCAST

https://www.exchangeinvest.com/ipo-vid-livestream-podcast/

Discover how to “Mellow Your Money” in the newest #IPOVID podcast episode featuring Mick Heyman, CFA. As the author of “Mellow Your Money: How to Surf the Market and Build Wealth without Stressing Yourself Out”, Mick shares his wisdom on creating a calm, effective approach to investing. With four decades of wealth management experience, he offers practical strategies to grow and preserve wealth while staying stress-free.

Don’t miss this insightful conversation — stream the episode now!

EI Website | Spotify | Apple Podcast | Anchor

LAST WORD

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You can also check out the “Reflections From Young’s Pyramid”, it illustrates the relative value of exchanges around the world.

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