“An array of data indicate that Americans are rediscovering their go-getting spirit. The most striking evidence comes from applications to form businesses, a proxy for #startup activity.” From @TheEconomist’s article on “America is in the midst of an extraordinary startup boom.” It’s a phenomenon that boosts #innovation, #jobs, and fiscal revenue. Its immediate impact on #inequality is much more ambiguous. #economy #econtwitter

Inspiring to read how wood-munching fungi can break down plastic. An incredible discovery: newscientist.com/article/238…

At Apple, we believe that climate change is one of the world’s most urgent priorities and we are deeply committed to doing our part. Today we had a special guest—a real force of nature—stop by to check on our progress.

#Fitch downgraded the US sovereign #ratings from AAA to AA (stable outlook) on the base of mounting debt burden. Markets reacted positively in fact and key #economists, including @LHSummers and @elerianm, where at odds with the decision, finding it bizarre and inept . #markets

Depositors realizing they can earn 4% on safe short term T-Bills while they get close to 0% on bank deposits. This is a key source of continued bank runs. The free lunch that banks used to get on free deposits is ending. Interest sensitivity of deposits is sharply rising

Today's #FederalReserve meeting sees the world's most powerful central bank ... (i) Hampered by a major credibility problem due to slippages on #inflation and bank supervision that have amplified its policy TRI-lemma; (ii) Having to pull off the @ECB in credibly signaling that...

In whatever you do / build / support, *** Go for Great ! *** . #greatmatters #BeGreat #excellence #inspireothers

Great investor, wise advices - thanks for sharing David / @FoundersPodcast . #charliemunger #warrenbuffett #investment #goforgreat

The excerpts below are from the @WSJ column by Kevin Warsh, former #Fed Governor, entitled: "The U.S. Needs Economic Regime Change: The cost of stopping #inflation would have been lower if the Fed had faced the problem earlier." #economy #federalreserve #econtwitter #markets T

.@UBS bonds and stocks may well come under pressure tomorrow IF — and it’s a big IF as comprehensive information is yet to be released — public sector support of the @CreditSuisse transaction is limited to the $100 billion liquidity facility. #economy #markets #Switzeland #banks

US FEDERAL RESERVE: THE FED AND THE CENTRAL BANKS OF THE UNITED KINGDOM, CANADA, JAPAN, THE EUROPEAN CENTRAL BANK, AND SWITZERLAND ANNOUNCE A COORDINATED ACTION TO IMPROVE LIQUIDITY PROVISION THROUGH THE STANDING US DOLLAR LIQUIDITY SWAP LINES.

Vietnam, Vietnam, Vietnam. While the Fed is about to raise rates by 25bps to 5%, Vietnam cut rates by 100bps yesterday, effective today. With inflation likely to rise (EVN will need to raise rates) & the Fed still on course to hike, this will put pressure on the VND. 🇻🇳😬

Blink and u'll miss the biggest story of 2022: Southeast Asia are the comeback kids and darlings of long-term investors 👈! In 2021, FDI inflow grew by a staggering 44%, driven by greenfield investments in not just Vietnam but also Malaysia & M&A deals to Indonesia & Singapore

Tesla just signed a USD5bn deal in Indonesia for nickel. Indonesia is one of the hotpots in Asia for investment in 2021, 2022 and beyond. It has the natural resources of now and the future as countries rush to secure supply chains for metals of the transition.

I love the Russian people. That is why I have to tell you the truth. Please watch and share.

China's high-speed railway

What a world we live in: I find myself checking the news regularly on a Sunday to see if wide-scale armed conflict has erupted between #Russia and #Ukraine. The global #economy and #markets are not ready to handle the strong stagflationary winds were such a conflict to break out.

Yesterday I took the taxi downtown just to get out of the house at around 6pm and the scene was grim. So many taxis looking for few passengers. Restaurants with desperate signs of discounts & free deliveries. Hong Kong people are resilient but this is brutal for small businesses.