China

Notes for tech generalists

Notes for tech generalists

A digest on recent noteworthy events in tech advancement and global capital flow

A digest on recent noteworthy events in tech advancement and global capital flow

[Social Media] Will WeChat be the next? Facebook brings on Visa, Mastercard, and PayPal as backers of its cryptocurrency, Libra. Crypto watchers got different feelings : * Bullish Billionaire crypto investorMichael Novogratz commented: “Visa serves some 50mm merchants. I’m sure MC(master card) is pretty close to that. Meditate on that.

To answer this question, Michael Pettis, professor of finance at Peking University’s Guanghua School of Management argues GDP, the statistics supposedly able to measure both on growth and ability to service debt, never perfectly achieved so (building a bridge to nowhere counts the same as building a much-needed bridge)