Im reading Melvilles The Confidence-Man at the moment. million dollars. Waiting for that Too-Much-Discussed Ukraine Counteroffensive, The GOPs Big Bold Plan to Bring Back Child Labor, How Union Workers Are Fighting to Save Americas Beleaguered Health Care System, Warning Lights Flashing Red for Italian Economy, Your Political Rivals Arent as Bad as You Think Heres How Misunderstandings Amplify Hostility, The Shambolic Criminal Case Against Donald Trump, The Only Crypto Story You Need? Levine has previously been a lawyer, investment banker, law clerk, and has written for a number of newspapers and financial sites. The economics of crypto tokens reverse that., Networks are useful to users, thats why they spread, and its also the reason why users value the network. Matt is not as well informed as he should be about crypto. But heavyweight hedge funds couldonly go so far., It wont get much better. I must confess to finding Levine maddening. WebI think most people in finance or finance-adjacent spaces have heard of Matt Levine's newsletter Money Stuff - it's a 3-5x per week email* discussing various interesting JIP was the only legally binding (and essentially real) proposal Toshiba received. Or you can subscribe to Money Stuff and other great Bloomberg 
Toshiba Corp. finally looks like it has a path forward with one of Japans biggest-ever leveraged buyouts on the table. The utility for criminal transactions is just a transitory leap in the for one side in the cat&mouse game with law enforcement. a Temple Grandin to calm the feedlot wow, nicely stated. Matt Levines Money Stuff: Big Banks Give First Republic Money. dip price. basis. Solar installation projects are not related to our primary operations It just supported the deal. Some people manage index funds. Example of something interesting: a while back it was all over the Crypto is entirely speculative, people mine or buy digital tokens because they think they can profit. Valuations of projects and their associated tokens are speculative and exist outside of controls that connect them to productive economic output. Levine uses some version of the word speculation 15 times in the article, but only once as a very strong unequivocal criticism: It turns out that crypto is basically a speculative asset and that its not particularly a hedge for stock market volatility.. maybe im too disconnected from financeno debt, no checkbook(debit card gets loaded with exactly whats needed and when), leaning towards autarky and the disconnection of as many dependencies as possible Crypto has a reputation as a money laundering tool. Fraud. Crypto and blockchain are not innovations. Sound Familiar? Varying, of course, depending on the audience. Youre missing the point of the whole thing. charged, as they have been. Levines writing also definitely tends to take a neutral standpoint that feels born from a certain kind of privilege, the place where you dont NEED to care because youre not personally at risk (financially, physically, etc.). Crypto exchanges are companiesCoinbase, Gemini, Binance, FTX, Kraken, and Bitfinex are some big onesthat accept regular money for crypto. Two pages later, the con-man has made off with the old misers money. Metafilter, where the response was mostly limited to variations on and cash, whenever i can. The economy and markets are "under surveillance". capacity as a U.S. senator. As Matt describes it in his bio, he writes about the financial industry on the internet, and on the Bloomberg terminal, which is sort of like the internet but oranger. declared bankruptcy, and how Hertz diffidently attempted to get the and are expected to be discontinued, says Nikola, but I guess they I found the breezy editorial tone-shifts in Levines Digression sections to be quite insulting. They use the same channels to move Money, Materiel and Personnel as criminal organizations do and it is a mutually beneficial situation, a symbiotic relationship between parasites that share the same host. news that oil prices were negative. Those are facts, not opinions, and the facts should be discussed. Also, this articles mentions the unrecoverable tokens. Matt Levines Money Stuff: The CFTC Comes for Binance Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Thank you. applied the lessons of creative writing courses to their balance sheets and spawned a digital token used to manipulate and prop up the price of cryptocurrencies, NY State Attorney Generals office to let them know they made a grave error about Tethers trustworthy owners. All told, this is the best price and only buyer Toshiba is going to getin the shortest period of time. Disinformation is dangerous and harmful not just because its dishonest, but because its deceptive. It attempts to implant falsehoods into the unconscious mind of the victim. If successful, the perception of reality shifts, and the target is more easily manipulated. He understands what the economy and financial system should be, he knows the difference between real wealth and simulated value, but theres some invisible force stopping him from taking the final logical step. @matt . Paying bribes to get public benefits is, 
His column discusses current events in corporate finance and markets, with an insightful, nuanced lens and a dry wit. If you'd like to get Money Stuff in handy email form, right in your inbox, please Matt Levine. This whole FTX thing has got me howling. Indoor plumbing. few months, as he would be on paternity leave. All the sophisticated modern finance can be traced back, step by step, to the real world. It just occurred to me what a tether is. Lack of regulation means that exchanges can lend to customers to create leveraged positions and then use inside information to front run their clients and liquidate them. Exchanges can steal client assets because they have the power to order transactions and manipulate prices. Its painfully easy to obscure this behaviour by colluding with outside parties or by disguising yourself as one. The same tactic is used by loan sharks extend credit and sabotage the borrower so that you can exploit them and turn a healthy profit. 
Misinformation should be challenged regardless of an articles Neutrality. Many many pallets. They dont need to be covert. I dont know crypto. After months of uncertainty and bad news, the storied conglomerate accepted an offer from a consortium of 17Japanese firms and six domestic banks, led by private equity shop Japan Industrial Partners Inc., or JIP, for a 2 trillion yen ($15.1billion) buyout. I write a lot about people who have gotten in trouble with the SEC or the Heres what I think happened there, the best I can tell and greatly simplified. Designed to restrict movement ha. Its all about price, not value or worth. Beware!. This crapola. They could buy bigger houses, because they could borrow money from banks. The noticewas correctedto justify the deep discount. If a bank with good assets is facing a liquidity crunch, it can go to the central bank and say we have $200 of assets but we cant get $100 of cash, help, and the central bank will help. This stuff is above my pay grade anyway. Other Money and stuff. Levine affects an airy lack of concern, even when discussing clear misconduct. Car payments are $1,000 for a lot of consumers. and since im not a tech person, things like blockchain and nfts always seemed ridiculous and overly complex, to me(complexity hides the knife/hand in yer pocket). Im also curious about the original article as Levine stated that 22k words had been cut. are doing one last job, specifically installing solar panels at The underlying tenet here is If you cant see who the mark is in any scheme, its likely to be you. A weak legal promise is not a purely speculative bet. Most impressive, though, is how they earned that revenue: During the three months ended June 30, 2020 and 2019 the Company Early users of a network-effects business wont get much out of it, because theres no network yet. By. from Bloomberg News. SEC to approve a new stock issue to cater to these idiots. Hedge Funds Struggle to Run This Business: Anjani Trivedi, What Does Private Equity See in Football? The Gattling gun. In the meantime, tell your friends! No, the CFTCs case is mainly about letting US customers trade crypto derivatives. Our conversation covers Matts path to journalism through law school and investment banking, his daily routine, and some of his favorite writing topics, including why everything is securities fraud, stock buybacks, the CDS market, index funds, private markets, quantitative investing, and beating benchmarks. 
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