Sta Hungry Stay Foolish

Stay Hungry. Stay Foolish.

A blog by Leon Oudejans

Tipping Points

“The dollar is our currency, but it’s your problem” (John Connally, 1971)

In December 1971, then US treasury secretary John Connally stated the following (in)famous words  at a G-10 meeting: “The dollar is our currency, but it’s your problem” (IPE-2007). In 2020, the Chinese government is worried that these 1971 words may haunt them.  A recommended read from the South China Morning Post. ------------- South China Morning...

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Will our post-corona lives be like the 1997 movie Gattaca?

Many people are talking about the 2011 movie Contagion (IMDb), which is about a virus pandemic and finding a cure. In my opinion, the 1997 movie Gattaca (IMDb) is more interesting as it shows how a future society has adapted itself. The international efforts for developing a smartphone app for warning against nearby contaminated people reminded me of Gattaca. The...

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Tipping point for belief systems Data and Technology

Following the coronavirus pandemic, several countries have introduced - or are considering introducing - massive public surveillance through our mobile phones (eg, Bloomberg, BI, Fox, NYT). This recent Science article summarizes it well: "Cellphone tracking could help stem the spread of coronavirus. Is privacy the price?" I think, feel and believe...

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Ai No Corona (2) – micro vs macro

According to a recent article in The Independent, "45% of people infected with [corona] virus show ‘no or minimal symptoms’, new figures indicate". I am probably one of those persons. Apart from some occasional shivers over my spine and some extra tiredness, I feel nothing. No lack of breath, no coughing, and hardly a raised temperature. There is no need to...

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The 2019 U.S. liquidity crisis

Something unusual occurred on 17 September 2019: a liquidity crisis in the American repo-market causing high overnight interest rates (ie, 6-10%). That incident was treated as a one-off event, which it was not. This liquidity crisis still persists despite the Fed pumping in 225 billion dollars for financing repo transactions since September 17 (FD)....

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