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RT @timothypost: This is brilliant. You can buy a Business-Class seat without alcohol, meals, snacks, etc. Something that I've always wante…
RT @carlquintanilla: The “number of listed US stocks has halved in 20 years” (2/x)
Correct. So he’ll just insult, harass, and otherwise try to humiliate and browbeat him. https://twitter.com/morningmoneyben/status/1141024836204027904
RT @_bmturner_: We're growing our team of reporters covering Wall St! Meredith Mazzilli will be joining as finance editor. @Casey_BigLaw is…
RT @gtconway3d: From a paper with a history of endorsing Republicans, including Romney: “We’ve seen enough. Enough of the chaos,...the self…
RT @jaketapper: This is a tough read https://twitter.com/DanLamothe/status/1141032742215397376
RT @MaxBoot: Trump will never have to confirm a secretary of defense again. He can just go from one "acting" to another, each one beholden…
RT @hussmanjp: With the exception of 1967 and 1996, every initial Fed rate cut has been associated with an oncoming or ongoing recession. B…
RT @LizAnnSonders: Rising recession odds as per @WSJ survey of economists (in line with recession probability model by @NewYorkFed https://…
Big fan of AOC, but attack on Amazon wages is not fair. Amazon was one of first big companies to raise min to $15 an hour plus benefits. Walmart and others far below that. All big companies should do this. AOC should shame ones that haven’t. https://www.businessinsider.com/alexandria-ocasio-cortez-responds-to-amazons-twitter-attack-2019-6
RT @loisbeckett: Reminder: In 2017, Harvard rescinded the admission of *at least ten* prospective students for sharing racist jokes in a pr…
RT @TheEconomist: Greenland is currently losing 3bn tonnes of ice every day, roughly three times the average for mid-June in 1981-2010 http…
Here's my full interview with @davidmarcus, the $FB executive who is spearheading Libra https://www.bloomberg.com/news/videos/2019-06-18/facebook-s-new-libra-cryptocurrency-to-have-over-100-launch-partners-video
Bitcoin is a terrible technology for a large-scale payments system. Max 7 transactions per second is a joke. And energy consumption (waste) is enormous. https://twitter.com/sspencer_smb/status/1140998758550986752
I’m with Pres Trump on the undesirability of going to war with Iran. He needs to get the war zealots in his Administration under control. https://www.businessinsider.com/trump-says-tanker-attacks-arent-worth-a-fight-with-iran-2019-6
RT @Politicsinsider: The man who threw a milkshake over Nigel Farage got 150 hours community service, lost his job, and was made to pay Far…
If anyone can make it work, Facebook can. And solves a lot of the problems with Bitcoin et al. (Too hard to use, too confusing, no institutions to help, crappy technology) https://twitter.com/thestalwart/status/1140988155610521600
RT @gtconway3d: It’s amazing how this stable genius, this master of modern media, has managed to get all the poll numbers that have him ser…
RT @carlquintanilla: Past two years: * German DAX, down 3.5% * S&P 500, up 20.1% https://twitter.com/realDonaldTrump/status/1140988251584569350
RT @EricBeinhocker: Pretty eye-popping numbers here from new Fed data. Since 1989 US top 1% got $21 trillion richer, bottom 50% $900 billio…
Palm? Welcome back! https://twitter.com/businessinsider/status/1140985067369586688
RT @_bmturner_: Investors — terrified by the global trade war — have more cash sitting on the sidelines than in the 2011 debt crisis, and B…
RT @EconguyRosie: It’s funny how I’m viewed in some circles as a ‘perma bear’ when I’ve been so bullish on bonds. Meanwhile, the total retu…
RT @paulkrugman: This is actually kind of funny: Trump has been demanding that the Fed cut rates, but is going berserk over Mario Draghi ta…
RT @KLemkau: “People move faster than business. Small businesses move faster than big businesses.” Mark D’Arcy #wppstream @Cannes_Lions
RT @businessinsider: Airbus says it has the technology to fly planes with no pilots, but the challenge will be convincing people to get on…
And yet.... Market just keeps going up. https://twitter.com/carlquintanilla/status/1140950344245108736
As long as Facebook's new financial system conveniently works with dollars, Euros, and other convenient, widely accepted currencies, some people might use it. This feature is why Venmo, et al, have taken off for payments while Bitcoin has not. https://www.businessinsider.com/libra-facebook-announces-digital-currency-blockchain-2019-6
Normal folks do not want to use a "currency" that few people, companies, or governments accept for payments and that does not have real institutions behind it. These are two of the reasons Bitcoin is still mostly just an asset for speculation. https://twitter.com/cryptodotbi/status/1140948050850078720
RT @LizAnnSonders: Accelerating pace of stock buybacks made corporations largest & only significant net purchaser of stocks for past 5y; S&…
In Facebook's defense, you need to have a bank account to use these. Facebook is saying it wants to serve the 1.7 billion "unbanked" people in the world. https://twitter.com/Monty1Capuletti/status/1140940659395665920
RT @LizAnnSonders: Free falling: Business Conditions Index from @MorganStanley (monthly survey of their analysts about companies they cove…
Facebook's new financial system at least provides a compelling reason to exist — serving the 1.7B "unbanked" people in the world and reducing transaction costs. https://www.businessinsider.com/libra-facebook-announces-digital-currency-blockchain-2019-6
Facebook's "cryptocurrency" plan appears to address some of Bitcoin's major flaws, including low transactions-per-second and lack of institutions you can hold responsible for transaction-completion and security. https://twitter.com/chrisamccoy/status/1140935522618990592
RT @crampell: more people work in department stores alone than in the entire coal mining industry — by a factor of 20 https://t.co/nH4n2VEF…
RT @MarkWarner: This is the President’s health care plan: wipe out coverage for millions, replace it with nothing.
RT @paulkrugman: Exactly right. There is no Trump health plan, there will never be a plan, but there is a plant to keep claiming that there…
RT @gtconway3d: Had forgotten about this. It totally rebuts the claim that Kashuv has been singled out. https://twitter.com/taylorlorenz/status/1140768762582507521
RT @Jasonzweigwsj: This is amazing. https://twitter.com/albertbridgecap/status/1140662124525576199
Remarkable story. https://twitter.com/AlbertBridgeCap/status/1140662124525576199
RT @morningmoneyben: "The interview’s ratings were a sharp drop from Celebrity Family Feud, which premiered in the time slot last week, and…
The whining will never end. It is just so wimpy and lame. https://twitter.com/politicsinsider/status/1140619315462516738
RT @brianklaas: To put this into the US context, the equivalent would be 83 million Americans taking to the streets. https://twitter.com/isaacstonefish/status/1140617694804402176
RT @ritholtz: “In a roaring bull market, knowledge is superfluous and experience is a handicap.” –Benjamin Graham
RT @alexweprin: Inbox: Suzanne Collins is writing a new "Hunger Games" novel. A prequel set 64 years before the first book. Will release in…
Pres Trump’s constant whining about the media is deeply lame. https://twitter.com/maggienyt/status/1140422777217978370
Agree completely. Both alcohol and pot are dangerous, especially in high quantities. Both wreck lives — of those who misuse them and those who have to deal with the consequences. But to have one be illegal and shunned and the other sold on every block is ridiculous. https://twitter.com/alexberenson/status/1140620224728879104
RT @melrod42: @AlexBerenson @hblodget The best argument for legalization, setting liberty aside, is that no matter how harmful cannabis is,…
Honest question, @AlexBerenson! Does alcohol NOT damage young brains? In other words, yes, pot can obviously be dangerous and harmful. But so can booze. And we're fine with oceans of booze in every house and sold on every block. Is pot different and more dangerous? https://twitter.com/AlexBerenson/status/1140611147349024768
RT @LizAnnSonders: Empire State business conditions index from @NewYorkFed had RECORD DECLINE of 26.4 to -8.6 in June (way < consensus of +…
Still one of the biggest aviation mysteries/tragedies of all time—the disappearance of MH370. The Atlantic concludes it was most likely a mass-murder / suicide by a depressed, lonely pilot. https://www.theatlantic.com/magazine/archive/2019/07/mh370-malaysia-airlines/590653/
 
To me the biggest mistery is why most commercial airliners have no GPS trackers and we don't don't where they are when they fly over the oceans.
I just don't yet see a real need for cryptocurrency. There are some cross-border use cases. But otherwise it's a cool technology in search of an application. Existing digital payment mechanisms work well. https://twitter.com/APompliano/status/1139535669682946049
 
Other than transactions that are illegal or frowned upon or restricted by existing payment process but not illegal, there's no purpose and I doubt there ever will be. However, those first few categories are gigantic.
 
 
 
 
 
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