Louis Gave says during SVB, the Fed showed they had ypur back. They have a third mandate of finacial stability. Sacrifice the dollar in the name of equity markets and financial stability
High levels of indebtedness require low real yields, so it's plausible the Fed will eventually return to yield curve control (YCC), much as it did during the 1940s. It also would suggest that the Fed’s balance sheet will remain very large.
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r way, hedge funds began to look less alluring and the pace of new fund launches slowed. Last year saw just 166 new launches, the fewest since 1998. Yet, reflecting a cyclicality that is often evident in markets, 2022 turned out to be one of the best years for hedge funds in a long time. Equity hedge funds were down just 10% in a year when the S&P 500 index was down 20%.
So is now the time to launch a new fund?
Globally, only 18 unicorns (startups valued at over $1 billion) were minted in Q1 at a combined valuation of $27.1 billion, according to PitchBook. This is the lowest quarterly new unicorn count since 2017.
Earlier this week, after 14 years of construction, Vogtle 3 started operations. This is only the 2nd nuclear plant in the US since 1996 and there's only 1 more under construction. Without deep tech breakthroughs (SMR or fusion) & a new licensing framework, nuclear is dying in US.
nvestment in clean technology factories reached around $80 billion in 2022, up 44% year on year, and a 4x increase since 2018
The Green Industrial Revolution is mostly happening in China
Republican-leaning states like Texas, Arizona and Georgia are big winners in the energy transition
China dominates the electric vehicle battery supply chain. It produces nearly 80% of battery cells used in EVs.
Out of all nine ongoing megaprojects identified by 1Build, International Construction Magazine and Construction Review to cost $100 billion or more, four were being built in Arab #Gulf States.
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The sad state of life expectancy in America
My favorite question in 2023: What is ignored by the media -- but will be studied by historians? Here's the 9 best examples:
The higher the investable wealth, the more likely the investor is choosing index funds.
Americans losing faith in College education.
