retail therapy

Health and finance influencers in China now need certification.

Given how easily terrible ideas spread online, I think this is a solid pro-consumer move. “Platform operators should be responsible for reviewing broadcasters’ certifications and subsequently putting the relevant information in the official records. Artificial intelligence-synthesized presenters and content are […]

on the blockchain

The automated central bank is superior.

“It has become absolute madness. The financial world, and various related aspects of society, all patiently wait for the decisions of a small group of 12 people who emerge from the FOMC meetings.” | learn more

oh, chicago

Illinois’ finances improved after Covid-19

While it’s technically true, don’t forget the $144 billion of unfunded pension liabilities. “Vendors are being paid at a faster pace than at any point in the past 20 years. And a $42 billion state budget soon headed to Democratic […]

fun facts

The lucrative world of financial domination

“The concept is simple, even if the allure is not immediately self-evident: “finsubs” (short for “financial submissives”) send monetary “tributes” to a financial dominatrix, who could be any gender, in exchange for being humiliated and degraded.” | learn more

big ideas

Peter Thiel: you are not a lottery ticket

Thiel lays out his 2×2 matrix: pessimist vs optimist, determinate vs indeterminate. It starts out a little obscure, but once he fills in examples it really drives his point home. I found his description of the circular investment flows in […]

fun facts

Financing the American home

“On American streets, the [30 year mortgage] is everywhere. It makes up around 80% of an $11.3 trillion mortgage market. Yet, with the exception of Denmark, it doesn’t exist anywhere else in the world. Even baseball exists in more countries.” | learn […]

teaching the kids

The future of education (bankruptcy).

Discussion of the link between education, finance and muni bonds. “I fear that the changes in store for higher education are going to look a lot like the painful changes we’ve seen in retail, travel, news, and entertainment.” | learn more

tech, startups, internet

Why finance is such a hard industry for startups

Patrick McKenzie, the author of How Discount Brokerages Make Money, has 100 insightful thoughts on financial services. “Geeks underestimate technical sophistication of the financial industry by a scandalous amount, largely because most of it happens below the waterline and not in […]

retail therapy

Goldman Sachs tries retail banking

It hasn’t been a tremendous win quite yet… “With its core businesses on the wane, Goldman has staked its future on consumer banking. So far it has lost $1.3 billion—and its makeover is challenging the firm’s identity as a titan […]