Hints and tips:
...And Gabe Plotkin’s Melvin Capital, that happened....
...And no doubt Citadel Securities, and not just the CEO of Robinhood, but every app, you know, E-Trade, they’re in constant communication....
...ChatGPT is eerily impressive, as is Dall-E, the AI generator of digital images from text prompts first unveiled by OpenAI last year....
...Melvin Capital, which lost 53 per cent in January, is the highest-profile casualty, but many other funds suffered losses, particularly on bets against stocks they expected to suffer during the pandemic....
...monthly industrial production figures UK, monthly labour market data UK, February insolvency figures US, February CPI inflation rate data Results: Costain Group H1, Close Brothers H1, Generali FY, Gresham...
...And, despite several funds losing money trading over-the-counter markets, where liquidity sometimes dried up, Gresham Investment Management’s ACAR fund gained 8.5 per cent. The losers . . ....
...(FT) News round-up KKR leads $3.7bn deal for Australia’s Spark Infrastructure (FT) Anti-money laundering fines surge as watchdogs impose tougher penalties (FT) Juul, other e-cigarette makers face judgment...
...One scoop to start: Melvin Capital and Light Street Capital, two US hedge funds hard hit by a rally in stocks popular with retail investors in January, have suffered further losses in May....
...Supreme, the Manchester-based wholesaler of vaping liquids and e-cigarette batteries, said it had raised £67.5m with a “comfortably oversubscribed” share sale at 134p apiece....
...Wealth managers suggest three reasons why this might be, after years in which E and S were simply deemed N/A....
...The author is non-resident senior fellow of the Peterson Institute and Emeritus Professor of Gresham College in the UK...
...The successful fundraisers contrast with the fate of Gresham, one of the oldest names in British private equity, which in June, decided to abandon plans to raise another fund and focus on selling its portfolio...
...We’ve argued enthusiastically for the introduction of state e-money before....
...Use of e-money could be incentivised by a favourable rate environment for e-money, or by an enticing exchange rate for swapping out of paper money for e-money....
...cash for e-money system....
...By squeezing the gold market, you create a Gresham’s law effect that worsens your money, and forces it into circulation. Gold on the other hand gets hoarded....
...Central banks became subject to a form of Gresham’s Law (i.e., “bad collateral will drive out good collateral from markets”) if they were slow or reluctant to loosen their collateral policies....
...All in all, exactly how Gresham’s law goes into effect. And also how food riots begin. Related links: A fistful of ______ - FT Alphaville Iran launches forex centre to support sagging rial – Reuters...
...Financial market investors do not like to hold much monetary base (i.e., central bank money)....
...“E-invoicing” is taking off....
...These e-mails could implicate executives, some of whom still remain at News International....
...This is the reason why Wine Library started accepting e-mail orders when its competitors were still using fax machines, Vaynerchek says....
...E&Y has been able to obtain licences for its insolvency practitioners in China, and even provide administrators under the law....
...Cyclically Adjusted P/E Ratios We can see the changes in the stockmarket ecosystem over time by looking at historical cyclically adjusted P/E ratios (CAPE)....
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