Operating at the Intersection of Technology and the Capital Markets
Tag: China
It does not matter what the Fed does with the Fed Funds Rate at this point, the global economy is softening and is likely to get worse. Whether the Fed ultimately takes rates to 3.5% or 4.0% will have little effect on the macroeconomic backdrop (QT is a different story). More job cuts. Large Tech … Continue reading The Economic Genie Is Out Of The Bottle
WTI crude is at $116 and going higher. $150? $200? Who knows. There are several key factors that support higher prices: Summer vacations for most states begin in June which will obviously put upward pressure on the price of oil.The ongoing war between Russia and Ukraine will provide a floor for high oil prices. It … Continue reading Oil Prices Are Going Much Higher
Ms. Brainard is a vocal advocate for a Fed-issued CBDC ("Central Bank Digital Currency"). China has rolled out its CBDC and the public is about to hear more about it during February's Beijing Winter Olympics. Thus, while the consensus is that President Biden will soon reappoint Jerome Powell to begin his next term as Federal … Continue reading Lael Brainard As The Next Fed Chair Is More Likely Than Pundits Believe
China today outlawed digital currency transactions as it ramps-up its digital Yuan effort. Our guess - as we previously wrote - is that the Fed will take similar action once it rolls out the digital USD. Read more about China's actions HERE. Related TEK2day reports & articles: article: A Digital Dollar Is Comingarticle: The Fed … Continue reading China Bans Crypto Transactions
Health records, utilities, payment processing systems, streaming platforms and thousands of other consumer and commercial use cases will either be migrated to the cloud or will continue to scale on the cloud. This activity will continue to drive cloud revenue growth for decades to come. AWS, Azure and Google Cloud are well-positioned to become three … Continue reading It’s Early Days for Cloud Platforms AWS, Azure and Google Cloud
We recently wrote about the Biden Administration's $2.3 Trillion Green New Deal. Government spending programs like these will disproportionately increase U.S. imports from China given that the U.S. manufactures little in the way of finished goods while China has solidified its position as the "world's manufacturer". We depict the U.S. trade deficit with China below. … Continue reading U.S. Trade Deficit With China To Explode
Treasury Secretary Yellen's minimum global corporate tax is not yet global law but soon will be. The U.S. and Western European Governments and Central Banks have marched in lock step since 2008's Financial Crisis. A decade-plus of record fiscal spending, accommodative monetary policy (a Keynesian's dream) has led to record, expanding fiscal deficits that will … Continue reading Yellen’s Minimum Global Corporate Tax Is A Big Deal
FinTech companies with global ambitions would be wise to look to Africa and Asia for growth given global population trends. Perhaps no Fintech CEO has been as vocal about Africa as Square (tkr: SQ), CEO Jack Dorsey who had planed to operate from Africa for a period of time. Africa's "unbanked" population represents a significant … Continue reading Fintech Growth Is Hitched to Asia and Africa
Credit spreads will widen in our view primarily driven by job losses and increases in the cost of goods and services. There is downward pressure on jobs as we usher in the fall season. Seasonal summer jobs essentially work their way to zero from Labor Day to Columbus Day. Government jobs around the U.S. Census … Continue reading Credit Spreads Will Widen as Job Losses Mount and Supply-Side Costs Increase
How do you catch Google - the AI leader - if you are Amazon, Apple, Microsoft or any other Tech giant? Answer: You can't. However, China can. Amazon and Microsoft have partnered on machine learning ("ML"), with their joint ML initiative - Gluon. That's a start but at the end of the day, effective AI/ML/Deep … Continue reading Google’s Only Real AI Competition? China
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