Nov. 14, 2022

FTX crypto disaster and fallout, the pivot is back on the table, US and China meet, Ferrari bad debt

FTX crypto disaster and fallout, the pivot is back on the table, US and China meet, Ferrari bad debt

Here is your weekly update of the key finance and business stories.  We're here to keep you safe in the financial markets so message us with any questions that you have.

Last week was a crazy week including the biggest one day rise on the markets in history and the spectacular fall from grace of crypto exchange FTX and it's owner Sam Bankman-Fried.  Hero to Zero in less than 2 months.  We also cover what's hot this week and how to make savings in your day to day spending.

So relax for 20 minutes and absorb:

- The fallout at FTX and Alameda research (run by Sam's girlfriend)
- What this means for crypto
- Where is the bitcoin bottom
- Sequoia Capital FTX mistake 
- Binance founder denounces FTX and its founder
- Dogecoin
- CPI better than expected 7.7%
- Is the PIVOT back on the table?
- US and China meet at G20
- Musk wanting 80 hours per week from employees
- China review covid restrictions
- China's 16 point property restructuring plan
- Booming India economy
- Countries growing the population
- Reverse colonialism
- Russia at the G20
- Ferrari bad debt

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Contact - peter@rollingbananas.com

Reference links:
Simple Ways to Save Money
How the rich get richer
The world's growing population