I think the market is discounting the hell out of the importance of these shortages and magnitude of production cuts being projected

GM extends vehicle production cuts due to semiconductor chip shortage

There's always the aspect that an asset is worth what someone is willing to pay - but I did get to appreciate something like $20mm USD worth of art today for free . Don't think I could do the same with physical art.

People are paying millions for clips that can be viewed for free. Welcome to the world of...

Wow - logistics accepting BTC seems odd.. real question is will they hold it. Only $4.5m cash on balance sheet doesn't leave much buffer for volatility.

Sino-Global Accepts Bitcoin as Payment

"My main message today can be summed up with the title of a song by the electronic music duo Daft Punk: Harder, better, faster, stronger." Nice.

ECB's Panetta: Steeper Nominal Yield Curve Must Be Resisted

Somewhat challenging to argue against as staking becomes more available. The volatility though...sheesh. A big chunk of that /40 is held on leverage.. I'm not so sure BTC would be afforded the same leverage as IG credit.

Fidelity's director of global macro: bitcoin is 'worth considering for inclusion in a...

Woah... "swing pricing" on money market funds to discourage redemption? That is quite the suggestion. The "problem" was a pandemic and we saw market digestion of that information and an expected response... Wouldn't adding a penalty to redemption ...

Brainard: Some Preliminary Financial Stability Lessons from the COVID-19 Shock

Wonder how long before her institutional fan club decides to take the 350%+ profit made since the end of Q1 2020 and bow out. image

Cathie Wood Fan Club Faces Big Test as Ark Funds Extend Rout

"Meanwhile, the Graniteshares 3X Long Tesla Daily ETP, a levered exchange traded product aimed at tripling the daily moves in Tesla shares, was down more than 32% in London." Financial ...

Bitcoin's steep drop drags Tesla, ARK ETFs along for the ride

Once the platform is designed and built, which in the past has costed ~$5bn all-in, most automakers can squeeze 6-10 years out of it. As a consistent top-seller of autos in the US.. this is significant. It won't be long before we see US plants ...

Ford invests $1 billion in German plant, targets move to 'all-electric' passenger vehicles in...

If we are attributing this bump in retail sales to the $600/per stimulus.. question is what are we going to see if the larger stim hits. I subscribe to the thought that the marginal benefit of the stimulus checks is going to end up dumping itself ...

Fed's Barkin: optimistic for 2021 but recent fiscal package provides help

"Product Detail: One-fourth of the January advance in the index for final demand services can be traced to a 9.4-percent rise in prices for portfolio management." Also relevant.. this one is sticky. Yield is nowhere to be found.. so while stocks may ...

Producer Price Indexes - January 2021