Last week, the United Kingdom voted to leave the European Union.
Immediately, the British Pound tanked, and David Cameron resigned.
The drop was so bad that France overtook Britain as the 5th Largest economy.
Here is a chart from the morning after the vote.
via TradingEconomics.
In the aftermath, the S&P downgraded U.K. ... It will be interesting to see the long-term effects.
Will the pound bounce back? Will the British economy recover?
What are your thoughts?
I look forward to "Orange is the new Black" ... But Trump getting elected isn't what I mean.
Here are some of the posts that caught my eye. Hope you find something interesting.
While conspiracy theorists argue whether the NBA rigged the finals to get to get to game 7, I find this more disturbing ... it's a photo combining Hillary and Trump into a Clump.
Here are some of the posts that caught my eye. Hope you find something interesting.
FinTech is hot ... and FinTech startups are disrupting the value chain, and the industry itself, by grabbing market share, increasing customer churn, and putting pressure on margins.
I recently was at the Future of Finance conference, where I talked with the CEO of CB Insights about the changing landscape of trading and asset management.
via YouTube.
At the conference, one of the sessions was about how banks are "suffering death by a thousand cuts" and being relegated to utilities as they fail to adapt to new tech trends. Here is a graphic showing the competitive pressures FinTechs are putting on banks.
via CBInsights.
Likewise, according to a report by PwC released last week, 9-out-of-10 insurers fear losing meaningful business to stand-alone FinTechs.
The game is changing, and so is what you have to do in order to win.
Statistics can be misleading. For example, if markets are near the highs, they must be strong; right?
Gavekal Research recently put out a note that caught my eye.
Since 5/21/2015 (the date that the MSCI World Index made a high), 2 out of 3 mid-large cap stocks have declined.
The histogram below shows the number of companies in Gavekal's version of the MSCI All-Country World Index that have had positive performance (green) or negative performance (red) since 5/21/2015.
via Gavekal.
Overall, 66% of stocks have declined over the past year -- while just 34% have posted unchanged or positive performance.
Interesting, but does that show opportunity or hidden weakness?
A friend of mine just bet me that Trump would win the election. So far, Trump has offended a lot of "interest groups" with campaign remarks. But, then there is Hillary. It is going to be close.
Here are some of the posts that caught my eye. Hope you find something interesting.
Despite Canada's considerable geographic challenges, a friend sent me this as a reminder.
This chart shows the country to which each state exports the most. The states that border Mexico send a lot of goods there, while 35 states have Canada as their biggest export partner.
via Business Insider.
Back to the chart ... International trade is a big part of America's economy, and a factor in each of the fifty state economies that constitute it.
The Census Bureau publishes annual figures on each state's international trade. In addition to the top 25 goods imported and exported by each state, the Bureau reports the 25 countries each state imports the most from and exports the most to.
In addition, here is a list of the U.S.'s largest trading partners (including a different list showing countries of which U.S. is the largest trading partner).
Finally, here is a link to a map showing U.S. states renamed for countries with similar GDPs.
Just a saw an interesting Elon Musk quote: "Boil things down to the most fundamental truths, and reason up from there."
Here are some of the posts that caught my eye. Hope you find something interesting.
Here Are Some Links For Your Weekend Reading
Saw this and laughed. The too true story of life as an entrepreneur.
via Gaping Void.
Here are some posts I saved this week.
Lighter Links:
Trading Links:
Posted at 11:08 AM in Business, Current Affairs, Gadgets, Ideas, Just for Fun, Market Commentary, Music, Television, Trading, Trading Tools, Travel | Permalink | Comments (0)
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