Hints and tips:
...Given the underlying scarcity of the number plate market, it clearly wasn’t going to be long before the bitcoin bull-run was going to make its presence known in the market. And wouldn’t you know it?...
...If that is true, the market isn’t really about exclusivity or scarcity as token and blockchain enthusiasts might want you to believe, but the very opposite: a market for observers....
...IZABELLA KAMINSKA: So a lot of people compare NFTs to buying an asset or a right to a copyright, but actually there are no copyrights associated with an NFT....
...The paper’s authors note, that by becoming an important investor in highly rated short-term government papers, the Libra Reserve could contribute to the scarcity of safe assets in the euro area....
...Is this as much an exercise in caveat emptor as an attempt to bring unlimited editions to the masses and make them think they’ve got scarcity value? We can’t be sure....
...And, in particular, a general scarcity of bank reserves: Reserves have been declining since 2014 and we expect them to decline further as Treasury's cash balance increases and currency in circulation grows...
...One analyst tells them that, despite struggles with weak tourist spending and a strong dollar, the New York jeweller has “scarcity value” on its side: “Everybody would like to buy Rolex or Patek Philippe...
...izabella.kaminska@ft.com...
...Related links: Snap AV: Don’t fear the (ECB) taper – FT Alphaville It’s not a collateral shortage, it’s a scarcity of collateral – FT Alphaville...
...Related links: Draghi: “We are aware of the scarcity of eligible collateral” – FT Alphaville...
...For instance, one of the papers presented today at the conference shows how purchases of government bonds under the Securities Market Programme increased the scarcity of certain Italian government bonds...
...Adding to the QE scarcity concerns already highlighted by David earlier on Monday, here’s a couple of charts from Citi’s Hans Lorenzen reflecting the fundamental “too much of a good thing” problem with QE...
...Unsurprisingly, for a market where the perception of scarcity underpins all value, the likes of Richemont have even taken to buying back inventory....
...of significance (government bonds) for one that is backed by nothing isn’t going to solve the capital intensity problem of the clearing system or the real capital shortage issue in the market (a.k.a the scarcity...
...more on that) but also Balaji Srinivasan (he of 21 Inc toaster fame), and his attempts — including a Stanford Bitcoin course — to convince the world the web should in fact be a paid-for luxury product of scarcity...
...Therefore, while it’s true that GC is a secured funding rate, there is no reason it can’t trade over Libor on a persistent basis—it is simply reflective of the relative scarcity of resources....
...Related links: With petrodollars also go global reserves – FT Alphaville Ever naira a fuel scarcity issue for Nigeria – FT Alphaville...
...If you look at utopia the problem isn’t scarcity, it’s people....
...Value is a function of scarcity, utility is not. GDP measures value not utility. If something is not scarce no matter who useful it is (eg water) than it’s value will be low....
...The Bank put this down to “transient factors such as energy, arising from scarcity of petroleum products around the country, poor electricity supply and increased demand for transportation and food”, adding...
...March 2012) Collateral crunch, commodities financing edition – FT Alphaville Just like a giant secured loan to commodity producers – FT Alphaville The subpriming of commodities – FT Alphaville (May 2012) Scarcity...
...Izabella Kaminska is a reporter for FT Alphaville Illustration by Shonagh Rae...
...The not-so-subtle message from Nordhaus to singularity fiends is to calm the heck down because the economy doesn’t run on bits alone and there are certain scarcities which will prevail for a long time, if...
...Problem is, if the perception of commodity scarcity attracts too much capital, and there simply aren’t enough responsibly-managed projects out there to satisfy demand, project decisions have a tendency to...
...capital owners/savers realise their savings haven’t delivered returns and amount to a missed spending opportunity — capital is withdrawn from circulation, employment falls, wealth concentrates, artificial scarcity...
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