Hi Treasure Friends,
We hope you enjoyed a nice Thanksgiving and if you are not in the US had a great week. The big news last week was the continuation of the paradox of the current housing market as home prices kept climbing even as existing home sales tanked to a 13 year low last month.
What the Treasure Team is reading
- World Economy: As the EU economy weakens ECB warns of ‘early signs of stress’ at eurozone banks as default rates rise
- Finance: S&P 500 earnings are back increasing RIP earnings recession
- Finance: When the markets get though US investors shun costly passive ETFs as actives gain ground
- Finance: Even Vanguard is now promoting some sort of active management Constructing return-target portfolio A time-varying, asset aware approach to asset allocation
- Finance: On the back of OpenAI quick turnaround with a CEO who lasted only one day A very brief history of very brief CEOs
- Finance: More French people own crypto (9%) than stocks (7%) or ETFs (2%) Why Are French Men Making Cryptocurrency Bets?
- Fintech: As the relationship between banks and Fintech evolves What Banks Can’t Afford to Miss in the Next Phase of the BaaS Revolution
- Fintech: A deep dive into the payment giant The curious case of Adyen
From the Treasure chest...
The $100k tool bag orbiting around the earth: Every construction worker who ever accidentally left their tools at their worksite now has something in common with NASA astronauts, who lost a tool bag worth $100,000 during a spacewalk on Nov. 1, the space agency announced. The white satchel, which can now be seen orbiting the Earth with a telescope or a good pair of binoculars, is hovering about 200 miles above the planet. The bag eluded astronauts Jasmin Moghbeli and Loral O'Hara during a maintenance spacewalk on the International Space Station. The astronomy website EarthSky said the tool bag, which is orbiting in the sky just ahead of the space station, is shining just below the limit of visibility to the unaided eye, where it could be seen with minimal help. For those worried about the tools falling on someone's head on Earth, experts said there is no chance of that happening. The tool bag is expected to remain in orbit for a few more months, where it is expected to descend and promptly disintegrate in Earth's atmosphere. The tool bag should meet its fiery fate around March, according to EarthSky.
Have a great week!
The Treasure Team
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