Headworx

I've had a number of very interesting (private) discussions following the last week's post on The Wall Of Money . One important take away has been to also mention the shadow banking system as the key contributor to the wall of money. If traditional central bank money printing is the visible high tide, the shadow banking system is the massive underwater current that amplifies that tide. It plays an enormous, often hidden role in inflating and sustaining asset valuations. A fund can take $100 million in Treasury bonds, pledge them in and borrow $95 million in cash, and immediately use that cash to buy equities. The lender who took those Treasury bonds as collateral can turn around and use those same bonds to back a different loan for someone else. Rehypothecation - rinse and repeat. This generates an immense amount of purchasing power that flows directly into financial markets. But it is a liquidity mirage. [Traditional Central Bank] → Creates Visible Money Supply [Shadow Banking...

I'm in the middle of a yet another round-the-world trip. Started two weeks ago in Europe for the Milan Bluetooth Member Summit , followed by the ultra dense in meeting Guangzhou International Lighting Exhibition in China. Next week I'll have a number of customer meetings in the USA. Luckily there is a short weekend pause in between, which I decided to spend in the "TikTok city" of Chongqing. It is a 6-hour high speed rail ride from the coast (the CR400 "Fuxing" at 350 km/h ), which I spent almost entirely glued to the window, with my brain working in the background to aggregate and generalize the inrush of information of the past 14 days. One of the puzzles I was trying to solve was the explosive SpaceX IPO, which, on the surface, has never made any sense to me. Everything I know about SpaceX, plus what I read in the S-1 filling, is a pure fiction (with the exception to the Falcon rockets that represent the solid part of the business). That is on the surface...

No, I cannot tell the details. Development of Bluetooth ®  specifications is governed by the confidentiality rules. So the only way to learn more is to be a Bluetooth SIG member and join the Working Groups. As I write this, the June Members' Summit in Milan, Italy is getting to the end. The week has been really packed. And as I have been excited about the progress on many fronts since I joined the SIG in 2012 (and then started to lead the Mesh Working Group in 2015), the excitement this week has reached all time highs. These things are complex and may seem to move slowly for casual observers "when will Bluetooth finally do X,Y,Z?", I've been super happy with the progress. To be honest, the progress is the one thing, but entirely more important is the spectrum of opportunities and the roadmap ahead. For the last couple of years, in parallel to development of Mesh / NLC - specific features (like the HVAC Integration Profile) , we have been doing a lot of ground work on ...