McKinsey annual State of artificial intelligence survey is here, and the results confirm 2023 is all about generative AI:
by McKinsey & co
The king of pricing power...
How Apple’s $AAPL iPhone pricing evolved over time (higher and across more price points), and versus Android (lower) by Eugene Ng
5 types of powerful moats:
🏰 INTANGIBLE ASSETS: Example: Brand, Patents, Copyrights 🏰 SWITCHING COSTS: It would be expensive in terms of cost, time, or training, to switch to an alternative provider. 🏰 NETWORK EFFECT: A network becomes more powerful as more users join. 🏰 COST ADVANTAGE: A company can produce a product or service at a lower internal cost than competitors. 🏰 EFFICIENT SCALE: A company's buying power or market position allows it to dominate its category. by Brian Feroldi / Morningstar
CASH IS KING...
Where investors have put their #cash this year (hint: NOT stocks) via Goldman
Credit Suisse bond investors plot lawsuit against Switzerland
A group of international bond investors is drawing up plans to sue Switzerland in the US courts for expropriation over the losses they suffered after the state-orchestrated rescue of Credit Suisse. The case is being brought together by law firm Quinn Emanuel, according to people familiar with the matter. Quinn Emanuel is already suing Switzerland’s financial regulator, Finma, over its decision to wipe out $17bn of Credit Suisse bonds when the bank was taken over by UBS six months ago. Lawyers at Quinn Emanuel are laying the groundwork to sue Switzerland in the US, where they believe there is a greater chance of convincing a judge to waive the country’s sovereign immunity rights. The suit could be filed by the end of the year, though it is not certain to proceed, according to people involved in the discussions.
The e-commerce market is a winner-takes-almost-all industry in each country, with Amazon being the leader in terms of e-commerce revenue
JD follows Amazon in second place, generating significantly less e-commerce revenue. Source: Genuine Impact
Some interresting comments by Themacrocompass.com / Alfonso Peccatiello
on yesterday's ECB hike and Lagarde's comments: "The demand for corporate loans in Europe has plummeted as borrowing costs remain prohibitively high. The Eurozone credit creation process is quite reliant on bank lending, so this matters. And indeed markets aren't reacting as if the ECB just hiked - quite the opposite: bond yields have moved lower and the EUR has taken another dip. The risks of an ECB policy mistake keep growing".
Hard landing vs. Soft landing assets
Source: BofA
