Finance

Key Institutional Crypto Player, Genesis, on Verge of Failure; Possibility of “Apocalyptic” Bitcoin Liquidation

  • Post category:Finance

Due to the fact that your humble blogger is not feeling so hot, forgive me for giving you a thin treatment of the wobbles and likely-looking collapse of a key crypto concern, Genesis. However, two excellent tweetstorms cover most of the…

Continue ReadingKey Institutional Crypto Player, Genesis, on Verge of Failure; Possibility of “Apocalyptic” Bitcoin Liquidation

Consumers are going to shop in record numbers over the holidays, says National Retail Federation CEO

  • Post category:Finance

ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Dana Telsey, Telsey Advisory Group CEO, and Matt Shay, National Retail Federation CEO, join CNBC's 'Squawk Box' to discuss retail and what to expect for Black Friday. 03:42…

Continue ReadingConsumers are going to shop in record numbers over the holidays, says National Retail Federation CEO

AI Conquers Diplomacy

  • Post category:Finance

Diplomacy is a 7-player game in which players must persuade, cajole, coordinate, strategize, bluff and lie to one another in order to take over the world. For the first time, an AI has achieved success in Diplomacy: Over 40 Diplomacy games…

Continue ReadingAI Conquers Diplomacy

Links 11/23/2022

  • Post category:Finance

British man catches absolutely massive goldfish Boing Boing (resilc) Warmest Tent on Earth – Pitching in the Siberian Arctic Winter – Ненецкая палатка чум YouTube (resilc) Nomadic lifestyle of the northern mountains of Iran in Winter YouTube (resilc). ZOMG, the father…

Continue ReadingLinks 11/23/2022

Polish President Andrzej Duda Doesn’t Want War With Russia, But He Doesn’t Want To Tell Polish Voters

  • Post category:Finance

Yves here. ZOMG, this is delicious. Duda spoke for over seven minutes to comedians pretending to be Macron. Duda made some admissions that aren’t going over so well. You would think after Macron was naughty and had some reporters in the…

Continue ReadingPolish President Andrzej Duda Doesn’t Want War With Russia, But He Doesn’t Want To Tell Polish Voters

November Vehicle Sales Forecast: Down slightly from October; Up 11% Year-over-year

  • Post category:Finance

by Calculated Risk on 11/22/2022 02:58:00 PM From WardsAuto: November U.S. Light-Vehicle Sales to Slow from Prior Month; Still Point to Stronger Q4 (pay content).  Brief excerpt:Although heavily laden with pickups, inventory will rise again in November, lifting the prospects that…

Continue ReadingNovember Vehicle Sales Forecast: Down slightly from October; Up 11% Year-over-year

Lawler: Likely “Dramatic shift” in Household Formation has “Major implications” for 2023

  • Post category:Finance

by Calculated Risk on 11/22/2022 09:17:00 AM Today, in the Calculated Risk Real Estate Newsletter: Lawler: Likely "Dramatic shift" in Household Formation has "Major implications" for 2023A brief excerpt: Below is a chart showing the CPS/ASEC estimates of the % of…

Continue ReadingLawler: Likely “Dramatic shift” in Household Formation has “Major implications” for 2023

Transcript: Marcus Shaw

  • Post category:Finance

The transcript from this week’s, MiB: Marcus Shaw, CEO of AltFinance, is below. You can stream and download our full conversation, including the podcast extras on iTunes, Spotify, Stitcher, Google, YouTube, and Bloomberg. All of our earlier podcasts on your favorite…

Continue ReadingTranscript: Marcus Shaw

Link 11/22/2022

  • Post category:Finance

How Wild Turkeys Find Love New York Times The Return of the Wild Turkey New Yorker (resilc) Mapping Lyme disease across western North America PhysOrg (David L) Expert Proposes a Method For Telling if We All Live in a Computer Program…

Continue ReadingLink 11/22/2022

University of California Comes to a Standstill as Academic Workers Strike

  • Post category:Finance

Yves here. It’s been a long-standing disgrace that college and university tuitions have exploded, rising far faster than inflation, and have gone almost entirely into adminisphere bloat and gold-plated facilities. Aside from top professors (who typically make more consulting than working…

Continue ReadingUniversity of California Comes to a Standstill as Academic Workers Strike

Tuesday: Richmond Fed Mfg

  • Post category:Finance

by Calculated Risk on 11/21/2022 08:41:00 PM From Matthew Graham at Mortgage News Daily: Mortgage Rates Little-Changed to Start Holiday-Shortened WeekMortgage rates made their biggest recent move (and their biggest single day move ever) 2 Thursday's ago after a key report…

Continue ReadingTuesday: Richmond Fed Mfg

MBA Survey: “Share of Mortgage Loans in Forbearance Increases Slightly to 0.70% in October”

  • Post category:Finance

by Calculated Risk on 11/21/2022 04:12:00 PM Note: This is as of October 31st.From the MBA: Share of Mortgage Loans in Forbearance Increases Slightly to 0.70% in October The Mortgage Bankers Association’s (MBA) monthly Loan Monitoring Survey revealed that the total…

Continue ReadingMBA Survey: “Share of Mortgage Loans in Forbearance Increases Slightly to 0.70% in October”

Housing November 21st Weekly Update: Inventory Decreased Slightly Week-over-week

  • Post category:Finance

by Calculated Risk on 11/21/2022 08:57:00 AM Active inventory decreased slightly.  Here are the same week inventory changes for the last four years (usually inventory declines seasonally through the Winter):2022: -3.0K (smaller than usual decrease in inventory)2021: -8.9K2020: -10.5K2019: -14.7KAltos reports…

Continue ReadingHousing November 21st Weekly Update: Inventory Decreased Slightly Week-over-week

The FTX Debacle ELI5

  • Post category:Finance

Here’s my high-level explanation of the FTX crash. Imagine that I own a house and I create a million coins representing the value of the house. I give half of the coins to my wife. I then sell one of my…

Continue ReadingThe FTX Debacle ELI5

Links 11/21/2022

  • Post category:Finance

Computer powered by colony of blue-green algae has run for six months New Scientist Martian dust storms parch the planet by driving water into space Science Pierre Wunsch: Germs, war and central banks (PDF) Bank of International Settlements. Interesting on r*…

Continue ReadingLinks 11/21/2022

It Hurts to Ask

  • Post category:Finance

Lambert here: As the holiday season begins…. By Ania Jaroszewicz, Postdoctoral researcher Harvard University, George Loewenstein, Herbert A. Simon University Professor of Economics and Psychology Carnegie Mellon University, and Roland Benabou, Professor of Economics and Public Affairs Professor of Economics and…

Continue ReadingIt Hurts to Ask

The Stavka Memorandum: Russia Means Military Power Plus Diselectrification of the Ukraine (“Stormy and Prolonged Applause”)

  • Post category:Finance

Yves here. John Helmer is continuing his series on the Russia’s campaign against Ukraine’s electrical grid. Note that in its last round of strikes, Russia started hitting gas distribution as well. Helmer provides intriguing detail in how Russia is identifying targets.…

Continue ReadingThe Stavka Memorandum: Russia Means Military Power Plus Diselectrification of the Ukraine (“Stormy and Prolonged Applause”)