Survival of the fittest..
Only 31% of companies started in 1998 were still alive in 2005... Source: Brian Feroldi
JPMorgan Debuts Tokenization Platform, BlackRock Among Key Clients According to a report by cointelegraph
United States banking giant JPMorgan debuted its in-house blockchain-based tokenization application, the Tokenized Collateral Network (TCN), on Oct. 11, according to Bloomberg. TCN settled its first trade for asset management giant BlackRock. The Tokenized Collateral Network is an application that allows investors to utilize assets as collateral. Using #blockchain technology, investors can transfer collateral ownership without moving assets in underlying ledgers. In its first public collateralized trade between JPMorgan and BlackRock, the TCN turned shares of one money market fund into digital tokens, which were then transferred to Barclays bank as security for an over-the-counter derivatives exchange between the two companies. Source: www.zerohedge.com, www.cointelegraph.com
The United States is on an unsustainable fiscal path warns the IMF which projects the U.S. deficit to be 'elevated and persistent
Source: barchart, CBO
Another $40 billion in US debt today
US national debt has jumped by $550 billion in the past 3 weeks. This is WAY above the pace of $2 trillion per year expected by the government. The US was at $31.4 trillion just 4 months ago. Debt has increased by $2.1 trillion in the past 4 months. Source: WallStreetSilver
How it started… how it is going…
Source: X NotJeromePowell
The Treasury Yield Curve has been steepening (i.e. uninverting) for 5 straight weeks, the longest streak in more than 25 years
Source: DB, Barchart
Microsoft $MSFT is devoting more than 13% of CAPEX to artificial intelligence, the highest amount out of the world’s top cloud service providers
Baidu $BIDU follows with nearly 10%, while Google $GOOG and Meta $META are putting between 6-7% of CAPEX to AI. Source: FT
Warren Buffett’s Financial Statement Rules of Thumb
Source: Brian Feroldi
