Short Form Saturdays – 13th May 2023
Thoughts of the Week
· A Future Financial System – I think about the future financial system quite frequently. Now with ChatGPT existing, I can have a constant back-and-forth with any new questions and tweaks that arise. CBDCs give power and control to governments, but they aren’t going to give up this power in a future financial system unless a compelling argument for its implementation is given. A system that benefits humanity. Any future currencies have to open the three criteria discussed in Thursday’s piece, a store of value, a medium of exchange, and a unit of value. With any currency, it becomes a medium of exchange when governments decide it will be widely accepted. As a medium of exchange hinges on those in power in our countries, it demonstrates how we all have to work together to build a future financial system that improves our current aged system. Blockchain, tokenisation, digitisation, privacy, control, security. It’s not an easy task.
· Recessions– The narratives thought of during a recession and after a recession with hindsight are completely different. After a recession, it’s easy to claim you knew exactly how it was going to unfold. I want to track the difference between market outlook when approaching a recession, during a recession, and after the recession is over. If somebody has done this I’d appreciate being pointed in the direction of their work. But if not, I’m going to slowly do it myself.
Blog of the Week
· Layer 2s: The New Buzzword of Ethereum – Saxo
· The Story Behind China’s Role in Iran-Saudi Deal – Saeed Azimi
· The Potential Economic Impacts of Various Debt Ceiling Scenarios – The White House - If the debt ceiling date is passed and we experience even a technical default, this proves they know what they’re causing.
Chart of the Week
· Lance Roberts – Real Investment Advice – Trend Channels of S&P500
Song of the Week
The Runner – Foals
- Spotify:
- YouTube:
Film/TV Show of the Week
· The Subtle Art of Not Giving A F*ck Documentary - Netflix
Podcast of the Week
· On Geopolitics - Episode 29: What Is The Deal Between Iran and Saudi Arabia?
· The Memo by Howard Marks - The Insight: Conversations – Performing Credit Quarterly 1Q2023