The Federal Reserve 2% inflation target is no longer credible. De-globalization, the transition to alternative energy, the need to pay workers more, lower-risk, shorter supply chains are all inflationary. The Fed cannot change its target now, but will likely do so in the future.

World Shocked That Man Running Business Based On Imaginary Money Might Be Fraud newyorker.com/humor/borowitz… via The New Yorker

🚨🚨 Is the Fed Broke? 🚨🚨 On the Fed's losses, Treasury remittances, and implications for policy... 👇👇 thelastbearstanding.substack.com/p/is-the-fed-b…

The world’s biggest crypto exchange, Binance, is battling to shore up confidence after a surge in customer withdrawals. Yet its core business remains mostly hidden from public view, a Reuters analysis of Binance’s corporate filings shows reut.rs/3YBVTNh

Mexico is a big market 15x more tourists than Brazil 🤯

So long, crypto. Thanks for the memories.

Top $SPX companies in 2022. The ones with +40% return. Source: FactSet

it's still denial. this is unprecedented.

México ya está disfrutando de los efectos del nearshoring: Barclays bloomberglinea.com/2022/11/23/mex…

This song gets billionaires hyped up to solve climate change

Dear SBF. This is not a balance sheet. A balance sheet doesn't record "balances", it records assets on one side of the sheet and liabilities plus equity on the other. The "balance" is whether the totals on the two sides agree. #basicaccounting

Amazing

The red flags on web3 were pretty obvious. 1) No one could define it. That is a pretty big red flag.

ChatGPT has passed: - United States medical license exam - The Bar Exam - MBA operations exam Knowledge workers should be very worried

PREDICTION: There's a mass extinction event coming for early & mid-stage companies. Late '23 & '24 will make the '08 financial crisis look quaint for startups. Below I explain when, why & how it will start & offer *detailed advice to founders* on surviving the looming die-off. /1

Salió el reporte de Softbank a Dic-2022 En este trimestre: - Aumentaron casi 5x las perdidas de Vision Fund 1, 2 + Latam. Perdida acumulada va en -6.6B. - Continua la pausa en inversión. 300M este periodo. - El 21% de sus compañias de Latam tienen menos de 12 meses de runway.

VIVE #CDMX ❤️

We knew Edward Snowden was a despicable individual of v. low intellect. He is body shaming the fellow ONLY because he has no argument. Transactions in crypto are limited to circular trading by cryptoheads (financial onanism) & unskilled money lauderers. (Snowden is paid in crypto)

Life expectancy is falling but the age you are allowed to retire & access your state pension is rising. In France, tonight, ordinary people are fighting back. Credit to them.

SVB’s collapse could lead to a rebalancing of the Federal Reserve’s monetary policy and ultimately trigger the dollar’s depreciation, which would act as a stimulus for poor countries, argues Dr Hippolyte Fofack. bit.ly/41WguNB