Transcript
This week in the parish of bourses and market structure:
Awesome Nasdaq results as India's IEX power market electrifies with their P&L statement.
Meanwhile, even PLY has the occasional share of the headlines...
My name is Patrick L. Young,
Welcome to the bourse business weekly digest.
It's the Exchange Invest Weekly Podcast Episode 105.
Good day ladies and gentlemen, this is a very brief reduction of highlights amongst the key headlines from the weakened market structure. All the analysis of the week's many events and happenings can be found in Exchange Invest daily subscriber newsletter, the unique guide to the bourse business sent daily to your inbox.
More details: ExchangeInvest.com.
Thank you readers, friends, parishioners for all your kind words. It was a fabulous day last Thursday as the RNs hit the wires and messages popped up from colleagues old and new across the globe. Being appointed Executive Director of Valereum Blockchain is a wildly exciting development from me, Patrick L. Young to what was already a stunning 2021 for market building - let's see where it leads!
Over in crypto land, crypto-based ‘Shadow Financial Markets’ are spooking regulators.
According to Politico:
“New financial services built on cryptocurrency are offering consumers the ability to borrow and trade billions of dollars without the oversight of bankers or their regulators. Washington is now scrambling to catch up, amid concerns of illegal activity and minding consumer risks.”
And if you believe in Decentralised Finance (DeFi), Gazza Gensler is coming to get you. Essentially, unless your DeFi network avoids the US and the US dollar in its entirety, with say, servers, in maybe Sealand or Scaramanga’s private island in the South China Sea from in Fleming's “The Man with the Golden Gun”. Perhaps North Korea and Taliban controlled territory could be options for your network. Unless you're in those sorts of places. Frankly, you might as well be emailing Gazza@sec.gov right now with your orange tailoring measurements. So you look reasonably attired when you do the perp walk of shame in your new Federal orange jumpsuit.
My new hashtag for DeFi is #NotGonnaHappenOnEarthTryMars.
Of course, I mean, that's pretty revolutionary but as we all know, Rome wasn't burnt in a day.
Now to address the history issue here, I think of the 1960s-70’s when Africa's predilection post colonialism was a near never ending stream of coups. Likewise, what does the history of the Russian revolution teach us?
They might alter / modify / change aspects of the law itself, but the basic system stayed the same even as the politics shifted...
