In the Blind Spot (The West’s regulatory chainsaw massacre)
SNEAK PEEK — Regulators finally catch on to the liquidity vulnerabilities associated with intraday liquidity mismatches brought on by instant payments and mobile apps. — Why the West’s incoming red-tape “chainsaw massacre” risks creating a two-tier capital market. — Dario argues that by giving back the Chagos islands, the British risk opening up a destabilizing […]
In the Blind Spot (Why the internet might never be the same again)
SNEAK PEEK — Authoritarian states are using a UN process to extinguish the internet’s borderless and free nature by transforming it at the root level into a fragmented patchwork of centrally governed protocols. — An upcoming HBO documentary claims to know Satoshi’s identity, and Izzy knows who it is. — Dario argues that […]
Spotlight on ‘Dam Diplomacy’
Damned dams: Why Egypt’s alliance with Somalia is underpinned by dam diplomacy By Dario Garcia Giner KEY POINTS: — Ethiopia’s construction of the Grand Ethiopian Renaissance Dam (GERD) on the Blue Nile has escalated tensions with Egypt, which fears the dam could threaten its crucial water supply, leading to military alliances and proxy conflict in […]
In the Blind Spot (The proliferation of dual-use corporations)
SNEAK PEEK — There’s been a Cambrian explosion of high-signal news the past month, and Izzy wonders if it has something to do with AI helping everyone join the dots. — What if most of the private sector is actually dual use? Izzy considers the impact on valuations if the purple economy — aka […]
Quickfire blind spots (We’re starting a new type of update!)
SUBSCRIBER UPDATE Good morning subscribers! We had a few technical issues with the send-out of our newsletter again this week. If you were expecting it and it didn’t land in your inbox, it was published on Sunday and is available here. To avoid these issues, we will shortly be moving to a new content […]
Spotlight on the 3D industrial revolution that may already be here
By Dario Garcia Giner The Berkshire Hathaway Annual Meeting is (or, was, until Charlie Munger’s death in late 2023) an event so widely reported that it practically transcends the financial sector. Though less anticipated than an Nvidia earnings release and delivered without any of the razzle-dazzle one experiences at an Apple launch event, for those […]
In the Blind Spot (The slow march of Western capital controls)
SNEAK PEEK — Izzy sprinkles a few insights gleaned from her Saudi-state-funded trip to Riyadh. — Are capital controls about to make a comeback? Evidence is mounting that the answer is yes. — Dario reports from Buenos Aires on how ordinary Argentines are handling Milei’s reforms. Good evening subscribers! Greetings from Riyadh. By the […]
In the Blind Spot (Mario Draghi’s great reformation)
SNEAK PEEK — NOT TO BE MISSED: Mario Draghi is set to reveal his big plan to save the EU from near-certain stagnation. Weirdly, almost nobody outside Brussels knows about it.— What the revelation that Russia is paying off influencers tells us about the murky world of independent media . — Dario catches you up […]
Germany’s Bundesbank is fighting an increasingly lonely battle on immigration (POLITICO)
By Johanna Treeck, Nette Nöstlinger · Sep 4, 2024 The far right’s landmark victory in a regional German election at the weekend wasn’t just a slap in the face for the federal government in Berlin. It was a severe blow to those trying to stop Germany’s economic decline. Like much of the country’s economic establishment, […]
Draghi report: Brussels should give defense firms carte blanche access to EU funds (POLITICO)
By Antoaneta Roussi, Sep 2, 2024 Defense companies should have no restrictions when it comes to accessing European Union funding and mergers between companies should be permitted regardless of competition concerns, according to a draft chapter the competitiveness report of former European Central Bank chief Mario Draghi seen by POLITICO. Draghi is finalizing his much-anticipated […]
