10 Tuesday morning reading-big picture

This is Jerome Powell’s shot at Volcker moment-reverse It took courage to raise interest rates in 1979 to curb inflation. Today’s bold move may be to persevere until we have more work. (Work Week) You can also take a look 179 reasons you might not need to worry about inflation This prompted people to call on the Fed to “cool down” the economy by raising interest rates. But doing so may delay the economic recovery, which is still in its infancy, and cause a lot of collateral damage. (New York Times)

How asset owners solve the emerging manager problem CIOs weigh some of the biggest challenges they face when providing seeds for diversified and emerging investment companies. (corporate investor)

Gemini raises $400 million to build Metaverse outside Facebook’s walled garden Last month, dozens of blockchain startups raised a total of more than 4 billion U.S. dollars. By building a virtual, holographic, and augmented reality version of the Internet, called Metaverse, anyone can build on it ( And monetization) and Facebook, Epic Games and other large tech giants are ready to fight back. (Forbes) You can also take a look Want to bet on Bitcoin without owning it?Try these mining stocksSince Bitcoin has doubled, mining stocks have risen by an average of 291% this year, far ahead of the 25% return of the Nasdaq Composite Index. But they are highly sensitive to Bitcoin prices and investor sentiment trends. (Barron’s)

Both things are true: (1) Considering that we experienced the worst quarterly GDP contraction in history last year, American consumers are in very good condition. Wages are rising, net assets are at a record high, credit card debt is falling, home equity is soaring, and 401k balances are as high as ever. (2) Inflation rate is higher than the highest level in 30 years. (A wealth of common sense)

Big resignation is good for low-paid workers Although people are talking about burnout and reassessing priorities, the soaring turnover rate has nothing to do with white-collar jobs. More importantly, low-income people have the opportunity to be promoted. (Bloomberg) You can also take a look Who quit and why? “The great resignation” is a backward phrase. The low-paid workforce has improved their skills, obtained certifications, obtained degrees, upgraded, and found new fields of work. A better description of what is happening now: Upset. (Big picture)

Modern monetary theory is not the future.Right here nowThe important elements of MMT are accepted by most financial institutions, but the market does not price them. (Wall Street Journal)

How to control the NFT owner Welcome to the strange world of NFT “etiquette”. In a fast-growing community of NFT enthusiasts, rules can be difficult to define and enforce. Many things happen related to emerging social norms, and people are shouting at people. (slate) You can also take a look Why did I not bid for the U.S. Constitution This week, we witnessed one of the largest Internet rabbit holes since the advent of the 28.8k modem in the early 1990s. For a few dollars, you can buy part of the U.S. Constitution. Yes, our people can be owned by the people. (Radiation reading)

How Twitter does research correctly: when other tech giants hide from their researchers When a technology platform takes one of these unpleasant findings and releases it to the world, it is always worth noting. At the end of October, Twitter did just that. (edge)

U.S. Covid death toll becomes more popular: In the past month, the partisan gap in the number of Covid deaths has grown faster than ever. (New York Times) You can also take a look As the Republican Party battles the requirements for masks and vaccines, Florida is leading the way At the request of Governor Ron DeSantis, Florida lawmakers passed a new law that drastically cuts mandatory requirements for masks and vaccines. The marginal opposition to vaccination has encountered little resistance. (New York Times)

Are AirPods out?Why cool kids wear wired headphones For aesthetic and practical reasons, the humble “retro” wired headset is returning unexpectedly. (Wall Street Journal)

Be sure to check our Master of Business This week with Edwin Conway, Global Director BlackRock Alternative Investor (BAI), its total assets exceed 300 billion U.S. dollars. BlackRock’s global alternative businesses, including real estate, infrastructure, hedge funds, private equity and credit, are one of the fastest growing sectors of the investment giant.

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