Illinois farmers give up on planting after floods, throw party instead


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18 June 2019



Video commentary for June 17th 2019



Eoin Treacy's view

A link to today's video commentary is posted in the Subscriber's Area.

Some of the topics discussed include: Bond market volatility surging but bonds are overbought, bitcoin surges on Hong Kong protests, Wall Street steady, Dollar and gold steady ahead of Fed meeting



Internet Trends 2019

This report from Mary Meeker at Bond includes a large number of graphics which may be of interest to subscribers. Here is a section from the introduction:

The rapid rise of gathered / analyzed digital data is often core to the holistic success of the fastest growing & most successful companies of our time around the world. Context-rich data can help businesses provide consumers with increasingly personalized products & services that can often be obtained at lower prices & delivered more efficiently. This, in turn, can drive higher customer satisfaction. Better data-driven tools can improve the ability for consumers to communicate directly & indirectly with businesses & regulators.

Core constituents (consumers / businesses / regulators) are increasingly drinking from a data firehose & management challenges continue to rise for all parties. Broad awareness of challenges (& related vigorous / heated debates) can be the first step in driving change.

Consumers are aware of concerns about Internet usage overload & are taking steps to reduce usage – leading USA-based Internet platforms have rolled out tools to help monitor usage & social media usage growth appears to be decelerating following a period of strong growth. Privacy & problematic content concerns are also top-of-mind & are following similar patterns.

Owing to social media amplification, reveals / actions / reactions about events can occur quickly – resulting in both good & bad outcomes. In markets where online real-time rating systems exist, accountability can be improved vs. offline options as consumers & businesses interact directly while regulators can also benefit.

Rapidly expanding connectivity has helped amplify voices of good & bad actors. This has brought new focus to an age-old challenge for regulators around the world – finding the most effective ways to amplify good & minimize bad, often resulting in different regional interpretations & strategies.


Eoin Treacy's view

A link to the full report is posted in the Subscriber's Area.

The march of technology and pace of innovation as massive data sets are parsed, managed and exploited has helped to drive the bull market in data centres and the resulting cloud-based product offerings. That remains a powerful trend because new business models are springing up to lever the potential for costumer engagement from automating the product offering to cater to user demand. That represents a reversal of the traditional product to customer model and is a primary trend behind the creation of new companies.



The Power of Self-Learning Systems

This presentation by Demis Hassabis from DeepMind may be of interest to subscribers. I found it fascinating.



Eoin Treacy's view

The pace of innovation in neural networks, artificial intelligence and self-learning systems is nothing short of amazing. More than any other factor it is this innovation that is likely to fuel development of new discoveries in multiple fields over the coming decades.



Illinois farmers give up on planting after floods, throw party instead

This article by Tom Polansek for Reuters may be of interest to subscribers. Here is a section:

Nationwide, farmers are expected to harvest the smallest corn crop in four years, according to the U.S. Department of Agriculture. The agency last week reduced its planting estimate by 3.2% from May and its yield estimate by 5.7%.

Farmers think more cuts are likely as the late-planted crop could face damage from hot summer weather and an autumn frost.

“An early frost will turn this world upside down,” Rock Katschnig, a farmer from Prophetstown, Illinois, said at the party.


Eoin Treacy's view

It is one thing to have worries about being able to sell into overseas markets like China, it is quite another challenge not to have inventory at all. The failure to plant spring crops represents a significant risk for farmers if they plant late because of getting the wrong weather at the wrong time and potentially delaying winter crops.



Facebook's Answer to Bitcoin Is a Double Threat

This article by Lionel Laurent for Bloomberg may be of interest to subscribers. Here is a section:

Weekend media leaks suggest that Facebook’s “Libra” project will be a continuation of its past efforts to expand its payments business and keep customers within the walled garden of its social media apps by creating their very own money.

While Zuckerberg is poised to unveil a team of partners – reportedly including eBay Inc., Farfetch Ltd., Spotify Technology SA, Uber Technologies Inc. and Vodafone Group Plc – so far this feels very much like Facebook’s baby. Tellingly, it’s not one that the big banks or the other Silicon Valley and Seattle giants seem ready to adopt quite yet, unless Zuckerberg surprises us with some bigger names at the launch.

The target customer base for these new digital tokens looks certain to be the 2.6 billion-strong user base of Facebook, WhatsApp and Instagram.

While Facebook will no doubt assure us that this project is all about making the lives of its customers ever easier, giving them the ability to actually buy stuff in a way that Bitcoin has rarely offered, it’s hard to square it away with the political effort to curb Big Tech’s monopolistic tendencies (regardless of that roster of launch partners and their $10 million participation fees). 


Eoin Treacy's view

If we were to summarise Facebook’s foray into cryptocurrencies it would be to say that Zuckerberg wants what Jack Ma and Pony Ma have. Alibaba has Ali-Pay and Tencent has WeChat-Pay. Respectively these represent the crown jewels of their respective business empires, because the payments platforms tie users to the parent app but also enable a significant multiplier effect by linking buyers with sellers.  




Eoin's personal portfolio from May 15th



Eoin Treacy's view

Details of this trade are posted in the Subscriber's Area. 



2019: The 50th year of The Chart Seminar



Eoin Treacy's view

There will be a memorial concert for David at the Royal Festival Hall on October 5th. It looks like we will have a room at the Royal Festival Hall for an hour before the concert for a memorial. Wine and canapes will be served. Afterward we will retire to the Benefactor's Lounge where Tim Walker, Chairman of the LPO will dedicate the concert in David's memory. The concert will be from 7:30 to 10pm. If anyone would like to attend the concert in addition to the memorial there will be a box to tick on the booking form which I will provide as soon as I have it.   

Since this is the 50th year of The Chart Seminar we will be conducting the event on October 3rd and 4th to coincide with the memorial on the Saturday.

In the meantime, if you have any questions, would like to attend, or have a suggestion for another venue please feel to reach out to Sarah at [email protected].  

The full rate for The Chart Seminar is £1799 + VAT. (Please note US, Australian and Asian delegates, as non-EU residents are not liable for VAT). Annual subscribers are offered a discounted rate of £850. Anyone booking more than one place can also avail of the £850 rate for the second and subsequent delegates.








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