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What Will the Stock Market Do Today? 3 Big Stories to Watch
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Well-Behaved Bubbles Often Make History
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by Tyler Durden
It s been a long time coming, and now it s almost here.
Last August we reported that China s Commerce Ministry had released fresh details of a pilot program for the country s central bank digital currency (CBDC) to be expanded to several metropolitan areas, including Guangdong-Hong Kong-Macao Greater Bay Area, Beijing-Tianjin-Hebei region, and Yangtze River Delta region. This was the inevitable culmination of a process which started back in 2014 when as we reported at the time, China Readies Digital Currency, IMF Says Extremely Beneficial .
Fast forward a few months when China s preparations to rollout a digital yuan gathered pace, and we reported in October that
When IBM Was The Center Of Gravity
Learning about IBM in the context of the early history of the computer industry has the same shock value as watching
Star Wars: A New Hope for the first time: That s no moon. It s a space station.
Consider:
In 1953, UNIVAC was basically the only company selling computers commercially. By 1956, IBM s market share in computers was 85%.
In the late 70s and early 80s, after several industry transitions, the entry of smaller and more agile competitors like DEC and Control Data as well as larger and more resourceful ones like GE and Exxon, IBM s market share was
Podcast: Texpocalypse Now: a postmortem
This week’s guests made time to chat at a moment’s notice over the last 24 hours as the luckiest of us are just beginning to get back to normal life (though many here remain without water even after power was restored). This is very much a rough draft of history, not my usual evergreen type of content. I’m learning something new daily and I hope you’ll get something out of it, too.
My guests:
Jon Stokes [2], a deputy editor at The Prepared [3]. Jon talks about how and why even he was caught flat-footed, even though he has long been a prepper.
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