Reverse Ponzi Scheme

Welcome to the latest episode of The Compound & Friends. This week, Michael Batnick, Kai Wu, Brendan Ahern, and Downtown Josh Brown discuss Chinese stocks, China’s tech crackdown, innovation and tech stocks, the Voyager bankruptcy, crypto regulation, ETF trends, and much more!
You can listen to the whole thing below, or find it wherever you like to listen to your favorite pods! Listen here:
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  1. An 8-year-old boy who was attending the Highland Park Fourth of July parade with his parents and twin brother was shot and is now paralyzed from the waist down, family spokesperson Anthony Loizzi told CNN on Thursday.

  2. The Wisconsin Supreme Court on Friday barred the use of most ballot drop boxes and ruled that no one can return a ballot in person on behalf of another voter — dealing a blow to Democrats ahead of crucial contests in this perennial battleground state.

  3. Joe Biden’s controversial fist bump with Saudi Crown Prince Mohammed bin Salman was “a win” for the US President, the Saudi foreign minister told CNN in an exclusive interview on Saturday.

  4. The jacket worn by retired astronaut Buzz Aldrin when he set foot on the moon sold for a record-breaking price of $2,772,500 on Tuesday, less than a week after the landing’s 53rd anniversary.

  5. Described as “the world’s largest and most efficient twin-engine jet,” the Boeing 777X was originally scheduled to enter into service in 2020, but the launch of the jetliner has been beset by delays.

  6. The Internet is obsessed with him. His playful smile. His big, soulful eyes. The fact that he has no bad angle in photos.

  7. For those who have been waiting for a sign that the Department of Justice is criminally investigating former President Donald Trump’s role in the effort to overturn the 2020 election, wait no longer. Reporting from major news outlets that a federal grand jury in Washington, DC has taken testimony from Marc Short and Greg Jacob, former Vice President Mike Pence’s chief of staff and legal counsel, respectively, strongly suggests that the investigation has turned decisively towards Trump and his closest associates.

  8. The US economy shrank again in the second quarter as the gross domestic product fell by 0.9% on an annualized basis from April through June, according to the Bureau of Economic Analysis. CNN’s Christine Romans explains why this fuels fear of recession.

  9. Those who love “The Golden Girls” and live in the Los Angeles area will soon have what can only be called a golden opportunity.

  10. TJX, which operates popular discount chains TJ Maxx, Marshalls and Home Goods, agreed to pay a fine of $13 million for selling recalled infant products that had been removed from the market due to risks of infant suffocation and death.

  11. Prince’s estate is finally settled after a six-year court battle. The late singer did not leave a will regarding his $156 million estate.

  12. Prices at the pump continue to sink, providing relief to inflation-weary consumers and an economy mired in a slowdown.

  13. Brazilian woman Sabine Coll Boghici, 48, was arrested on Wednesday on allegations she was part of a bizarre scheme to defraud her 82-year-old mother, Genevieve Boghici, the wife of the late art collector Jean Boghici, out of money, artwork and jewelry totaling some 724 million reais ($142.42 million).

  14. CNN’s Clarissa Ward returns to Kabul, Afghanistan, one year after the city fell to Taliban rule, to report on how Afghan people, and Afghan women specifically, are living and reacting to changes in the country.

  15. Dr. Anthony Fauci, the chief medical adviser to President Biden, says the promise made by Republican lawmakers to investigate him if they win the House in the midterm elections “doesn’t phase him” and played no role in his decision to leave public office.

  16. • National Archives wanted to share classified docs from Mar-a-Lago with FBI and intel community for damage assessment months ago

  17. With the current pause on student loans expiring at the end of the month, the White House is weighing cancelling up to $10,000 in student loan debt per borrower who makes under $125,000. Marc Goldwein, senior vice president at the Committee for a Responsible Federal Budget, explains how canceling student debt could counteract the Inflation Reduction Act.

  18. Taking oral or inhaled glucocorticoids, a type of steroid used to curb inflammation in asthma and other autoimmune disorders, may be linked to damaging changes in the white matter of the brain, a new study found.

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