Why this economic recovery from Covid is so different? While there has been a sharp and quick recovery to pre-pandemic levels aided by fiscal support there are notable signs in inflation, wage growth, inventory supplies and spending patterns that make this recovery look very different from the previous economic recoveries.
DNA effect of BiG Tech
What is the DNA effect? The DNA effect is the ability of large technology companies to build a competitive advantage by leveraging user generated data in their networks. DNA in this context stands for ‘data-network-activities’ and refers to how the business model of large technology companies (like Google, Apple, Facebook, Alibaba, Tencent aka Big Tech) depends on direct interactions of users which generates lost of data and the ability of these companies to use this data to scale up operations and enter into new areas like financial services.
The Archegos FIASCO AT CSFB
An inside view on what was going on inside Credit Suisse that led the bank to have the biggest losses of $5.5 billion amongst major banks from the collapse of Archegos
Future of Work
The popular view that emerging technologies like Artificial Intelligence (AI), Robotics will dramatically improve our personal and professional lives usually gets contrasted against the threat of the millions of jobs that are at risk from automation. Against this backdrop, a report last year based on a three year study by MIT offers a balanced perspective on the relationship between these emerging technologies and future of work and the labor market.
Reality of a central bank digital currency (CDBC) is coming closer. However the development of a CDBC is said to pose the biggest threat to banks in developed economies like US?
March 2020 Crisis – view from Fed
Recent speech by FRB governor Lael Brainard and the Nov 2020 Financial Stability Board report shine light on the depth of the market turmoil last year and also point to the fact that it would have been much worse if the central banks had not intervened.