In today’s Fat Tail Daily, the world is attempting a once-in-a-lifetime transition from fossil fuels to a mixed bag of alternative energy sources. There are a lot more complexities and nuances to this than most realise. But as I’ll show you now, despite the political debate in Australia, the rest of the world is forging…
Get Email Alerts and Follow Us: In a rare and candid revelation, a high-ranking Huawei executive has acknowledged that China’s aggressive pursuit of semiconductor supremacy may have hit a critical roadblock. Speaking at the Mobile Computility Network Conference held in Suzhou, China, on June 9, Huawei’s Cloud Services CEO, Zhang Ping’an, highlighted a pressing issue:…
Some stuff I am reading today morning: India, Oman to sign FTA ( DH ) Foreign investors return to Indian markets ( BW ) R/WallStreetBets discovers India ( Rahul Sanghi ) Chinese auto makers overtake US rivals ( CNBC) Zomato to buy Paytm’s movie ticketing and events business ( BT ) Interview with Manish Chokhani…
I have noticed that stocks that are advancing have the following pattern: x8 day average>x21 day average >30 day average. I learned about the significance of the 8 day exponential average from Pat Walker, who presented to my class and did this wonderful interview with my former student, Richard Moglen. The CAN SLIM team at…
by Calculated Risk on 6/16/2024 09:07:00 PM Weekend:• Schedule for Week of June 16, 2024 Monday:• At 8:30 AM ET, The New York Fed Empire State manufacturing survey for June. The consensus is for a reading of -13.0, up from -15.6. From CNBC: Pre-Market Data and Bloomberg futures S&P 500 and DOW futures are little…
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Crypto analyst Jamie Coutts says that the current correction in digital assets is likely a mid-cycle dip that could be taken advantage of. Coutts says on the social media platform X that Bitcoin (BTC) and Ethereum (ETH) have held up much stronger than other crypto assets, implying that a potential mean reversion is on the…
The founder of the stablecoin lending and borrowing protocol Curve Finance, Michael Egorov, is seeing his position liquidated. He had over 111 million CRV tokens in collateral and $20 million in debt over four DeFi platforms, reported Lookonchain on June 13. As the price of CRV fell, other positions went underwater, causing a cascade of…
Get Email Alerts and Follow Us: Serbian President Aleksander Vucic is set to approve Rio Tinto’s development of Europe’s largest lithium mine, two years after halting the project. New assurances from the mining company and the European Union have eased regulatory concerns about environmental standards. The Jadar Project aims to open in 2028, producing 58,000…
By Sophie Yu, Casey Hall and Lisa Barrington BEIJING/SHANGHAI (Reuters) – A recovery in Chinese overseas travel from the COVID-19 pandemic is fading as rising costs and difficulties in securing visas cement a preference for local and short-haul destinations. The delay in a revival to pre-COVID levels by China’s outbound travellers, the world’s top spenders…