let us thank central bankers for the high valuation and Bezos for not having profitability as a core metric.

does not seem like the answers are fully baked. imagine individuals having to figure out tax matters after having used Libra, assuming it is a security. hairy issue to say the least.

boy, i would love to be in a congressional or parliamentary meeting to be briefed by Libra executives. the fact Libra executives utter such nonsense belies how obviously they hold in contempt the body politic or any other body that may check their power. that or they know they will be given carte blanche because everyone is playing on the same team and the kabuki play needs to be performed, …see more

Chinese fintech: centralized & tribal European fintech: distributed & paternalistic US fintech: balkanized & parochial

very well written on the recent SEC news on ICOs and tokens, from Stephen Palley who is a poet and likes cheese too.

liquidity is discreet = good luck finding someone to trade with liquidity is discrete = beware, it is a trap liquidity is erratic = someone is manipulating the heck out of this market where is the liquidity? = you have just won a bag of premium manure so much liquidity = please thank your nearest c-banker …see more

My thoughts on the #covid world and what it means for #business #businesseducation University of Southern California University of Southern California - Marshall School of Business

Re China's new #HongKong #security law - countries defending China are mostly in #beltandroad initiative; critics are #US allies/friends

To the Wharton Executive Education community: Join me Tuesday at 10 AM ET for a livecast on "Leading in Uncertain Times": https://bit.ly/3a18FKA #WhartonExecEd I'll be taking questions and leading a discussion on #COVID19 's impact on politics, economics and international relations - particularly the role #USChina relations will play in recovery. …see more

As someone who has traveled a lot, these numbers hit home - March must have been about the worst month ever for global #airtravel #airlines

‪The collapse of #Tory and #Labour parties - in the polls they are now behind the #Remain #Libdem and the #Brexit (at any cost) party.‬

After the German elections: peak populism ... or another mountain ahead? From the Wall Street Journal.

Incisive, in-depth and fresh perspective without any bias. Bahram Vakil of AZB & Partners on `Pandemonium: The Great Indian Banking Tragedy'. Happy Reading #banking #economy #finance #financial #financialservices #money #recession #indianbanking #interestrates #payments #india #consolidation #frauds #governance #NPAs …see more

Looking forward.... #banks #financialstability #indianbanking #finance #economy #money #debt #financialservices

A year from today, 18 months into the pandemic, retailers will put the finishing touches on their 2022 plans to tap into the pent-up demand of a consumer eager for the social experiences of the physical world. Whether that pent-up demand is little more than a short-lived burst of physical activity will depend on how well they’ve integrated digital into their physical world experiences — and learned from the industry’s top performers. …see more

The pandemic has left store shelves bare and made in-store shopping an often frustrating affair. However, consumers are finding new ways to track down their favorite products — some 50% have increased their use of direct-to-consumer channels. In D2C And The New Brand Loyalty Opportunity, PYMNTS surveyed nearly 2,200 U.S. consumers to uncover the six things brands must do to meet consumers’ growing appetite for buying direct. Full Study: https://bit.ly/2Y12JhE …see more

Target -owned grocery-delivery service Shipt has had a huge year so far as the pandemic keeps many consumers at home. But Chief Operating Officer Bridget Fruit tells me that the company’s success doesn’t just come from good technology, but from adding in a ‘human connection’ as well. Here’s why that’s key. …see more

As economists, governments, policymakers and medical experts build cost benefit models to decide when it’s safe to reopen the economy, consumers are doing their own cost benefit analyses. The decision to get back to their once normal routines will depend upon whether consumers believe the benefit of the degraded experience that awaits them in a partially reopened economy outweighs the cost of the health risk they face if they do. Based on the latest PYMNTS research of nearly 12,000 U.S. consumers, many are likely to sit it out. For now. Maybe even for the rest of this year. …see more

Two weeks and a day from now, we’ll turn the page on 2018 and fast forward into 2019. So, what better time to look back at the #payments and #commerce predictions that we made at the start of the year? I made five big ones that are now ready for review and critique 11 months hence. How did I do? …see more

Brighterion CEO Akli Adjaoute says there’s only one measure of AI’s true potential: When the tech is adaptive enough to understand that John at 23 is the same John at 43, even though he has two kids, a wife and a house in the 'burbs. That behavioral context, he tells me, can help FIs stop fraud and personalize services - in much the same way that the corner shopkeeper could for his customers decades ago: https://bit.ly/2DIbHYA …see more