1) Crypto & Crime, Innovation, Regulation
Kathryn Haun's Journey From Crime Fighter to Crypto
Kathryn Haun left the Justice Department to pursue a career in cryptocurrency. Here's her story. Haun is a general partner with Silicon Valley VC firm Andreessen Horowitz (a16z.com). Fortune.com video above published Sep 28, 2018.
I traveled to Mexico City to bring you my latest feature: a profile of @katie_haun for @FortuneMagazine’s Most Powerful Women issue.— Robert Hackett (@rhhackett) September 28, 2018
She is..
- a badass ex-federal prosecutor
- an unconventional “crypto” VC
- 1st female general partner @a16z, & much morehttps://t.co/clw5koMJSP
2) $Esports: the lucrative world of professional video gaming
Big broadcasters such as Sky and ESPN and mainstream brands such as Audi and Betway.com are getting into esports in a bid to target a young demographic that increasingly rejects linear TV and traditional forms of advertising. The FT.com's Daniel Garrahan reports. Financial Times (ft.com) video above published Sep 28, 2018.
3) Investing
Investing Notes:7 of 11 $SPX sectors are expected to report double-digit earnings growth in Q3, led by Energy. https://t.co/BI8tBZrGUu pic.twitter.com/Zb8i1h1kY0— FactSet (@FactSet) September 29, 2018
a. US economy metric: Americans' credit scores are hitting new record highs
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| U.S. National Average FICO® Score |
Yale University, Harvard, and other major endowments have recently reported investment performance for their fiscal years ending in June, and none have topped the S&P 500 Index, which returned 14.4% including dividends. Yale returned 12.3%; Harvard University, 10.0%; the University of Pennsylvania, 12.9%; and Dartmouth College, 12.2%--Barrons.com.
2019: "The S&P 500 hasn’t declined in the year after midterm elections since the 1946 cycle—and has climbed 15% on average—regardless of which party won or lost control of Congress"--WSJ.com.
Ignore The Noise Coming From Washington--"Let me be clear on this: I do not think the tariffs on China are going to cause a recession. But if we have a recession, that is precisely what the Democrats will say. Democrats will not run against the Fed, investor sentiment, markets, Italy, or anything else that actually causes the next recession. They will be running against Trump and everything will be his fault. It will be the Trump Trade War Recession. Whether or not it is true is immaterial."--John Mauldin, Mauldin Economics, Sep 28, 2018.
The U.S. economy grew at a rate of 4.2 percent last quarter, far higher than most thought possible a few years ago. American businesses have added more than 4 million new jobs since President Trump was elected in November 2016. Unemployment is near record lows.--Wilbur Ross, CNBC.com.
The U.S. economy grew at a rate of 4.2 percent last quarter, far higher than most thought possible a few years ago. American businesses have added more than 4 million new jobs since President Trump was elected in November 2016. Unemployment is near record lows.--Wilbur Ross, CNBC.com.
What Has the Eurozone Learned from the Financial Crisis?--HBR.org:
Brexit: a senior EU diplomat reportedly said this week the EU would soon propose a “zero tariffs and zero quotas” post-Brexit trade deal for the UK with better terms than the EU's current trade deal with Canada. [Editor's note: until they actually "put it in writing" it's "just talk." The UK would be wise to prepare now for a "hard Brexit"--the UK is a net importer from the EU, so the EU has "more to lose" particularly Germany--and start negotiating "trade deals" now with the U.S. and others to become effective March 29, 2019, 23:00 UTC].
EU: Tariff deal with U.S. not yet even in 'pre-work' stage says EU trade chief--reuters.com [Editor's note: those who wait to negotiate late with the Trump administration are making a serious mistake. Trump now has trade deals with key trading partners South Korea, Mexico, and Canada, with Japan likely to follow, and each deal will only harden U.S. positions going forward. China and Germany have the most to lose, so both should be 'elbowing' to the front of the line to get a 'sweeter' deal now, versus waiting.]
China: JPMorgan lowered its rating for Chinese stocks to neutral from overweight as "a full-blown trade war becomes new base case scenario for 2019" and "higher tariffs are squeezing Chinese manufacturing's profit margin, reducing the investment incentive and hiring, which would then drag on consumption via reduced income"--CNBC.com
Jan. 26, 2018, "will go down in history as the peak for the global stock market for this cycle."--Jeff Gundlach, CNBC.com.
8 Major Forces Shaping the Future of the Global Economy--visualcapitalist.com.
A 'Work of Art': One bottle of The Macallan Valerio Adami 1926, a rare Macallan scotch whisky, sold for a record $1.06 million (£814,081) at Bohhams auction in Edinburgh, Scotland, UK--buyer reportedly was an unnamed private collector in Asia participating by phone--usatoday.com and thewhiskyexchange.com.
4) ICYMI Tech News:
-- John Poole, Editor, Domain Mondo
feedback & comments via twitter @DomainMondo
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"Ten years after the crisis, observers of the U.S. economy are asking whether we learned enough from the 2008 crisis about how to manage risk in the financial system. The Euro area is asking a very different question: whether we have learned enough about monetary and fiscal policy to better manage the next crisis. I am afraid the answer is no."--Antonio FatásSee also Mario Draghi Is Preaching In the Desert | Bloomberg.com: "For all the ECB chief’s efforts, Europe’s full monetary union is as remote as ever."
Brexit: a senior EU diplomat reportedly said this week the EU would soon propose a “zero tariffs and zero quotas” post-Brexit trade deal for the UK with better terms than the EU's current trade deal with Canada. [Editor's note: until they actually "put it in writing" it's "just talk." The UK would be wise to prepare now for a "hard Brexit"--the UK is a net importer from the EU, so the EU has "more to lose" particularly Germany--and start negotiating "trade deals" now with the U.S. and others to become effective March 29, 2019, 23:00 UTC].
EU: Tariff deal with U.S. not yet even in 'pre-work' stage says EU trade chief--reuters.com [Editor's note: those who wait to negotiate late with the Trump administration are making a serious mistake. Trump now has trade deals with key trading partners South Korea, Mexico, and Canada, with Japan likely to follow, and each deal will only harden U.S. positions going forward. China and Germany have the most to lose, so both should be 'elbowing' to the front of the line to get a 'sweeter' deal now, versus waiting.]
China: JPMorgan lowered its rating for Chinese stocks to neutral from overweight as "a full-blown trade war becomes new base case scenario for 2019" and "higher tariffs are squeezing Chinese manufacturing's profit margin, reducing the investment incentive and hiring, which would then drag on consumption via reduced income"--CNBC.com
Jan. 26, 2018, "will go down in history as the peak for the global stock market for this cycle."--Jeff Gundlach, CNBC.com.
8 Major Forces Shaping the Future of the Global Economy--visualcapitalist.com.
A 'Work of Art': One bottle of The Macallan Valerio Adami 1926, a rare Macallan scotch whisky, sold for a record $1.06 million (£814,081) at Bohhams auction in Edinburgh, Scotland, UK--buyer reportedly was an unnamed private collector in Asia participating by phone--usatoday.com and thewhiskyexchange.com.
4) ICYMI Tech News:
- Apple $AAPL wants to be Disney $DIS?--SeekingAlpha.com.
- Facebook $FB security breach exposed 50 million accounts to full takeover--reuters.com. See also Irish data watchdog opens investigation into Facebook breach--TheHill.com.
- Apple, Amazon deny Bloomberg report on Chinese hardware attack--reuters.com.
- Tencent (online gaming and WeChat) announces a restructuring as challenges rise--reuters.com.
- Personal Tech: Microsoft $MSFT this week released its latest Windows 10 update but some users report serious issues including having their documents, photos, even entire user profiles, "wiped out." Some say this may be a temporary fix for the issue? Editor's note: just get a chromebook.
-- John Poole, Editor, Domain Mondo
feedback & comments via twitter @DomainMondo
Follow @DomainMondo
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