Finimize - 🤨 One does not simply close Slack

Hi Reader, here's what you need to know for December 2nd in 3:03 minutes.

🚀 It’s almost time for the Ledger x Finimize Finimize Crypto Summit. Don’t miss out on our once-in-a-lifetime masterclasses: how to spot the next bitcoin with I/O Fund’s Beth Kindig and what the next big play in DeFi looks like with Simon Taylor. The fun starts at 3.30pm UK time, so there’s still time to grab your free ticket

Today's big stories

The OECD upped its inflation forecast for next year
The luxury industry is finally getting into NFTs, which could give the crypto market a serious boost – Read Now
Salesforce reported better-than-expected earnings

World Of Good

What’s Going On Here?

The OECD upped its inflation forecast for 2022 on Wednesday, but the economic organization thinks there’s a simple thing we can do to fix things: just vaccinate the whole planet.

What Does This Mean?

There’s good news and bad news. Good news: the OECD admitted that the economic recovery had been much stronger than it anticipated this year. Bad news: the organization reckons the inflation rate across 20 of the biggest economies will hit 4.4% in 2022 – up from its September forecast of 3.9%. And here’s some more bad news for good measure: the OECD said the new Omicron variant might just exacerbate matters, threatening the global recovery even more.

Why Should I Care?

The bigger picture: Didn’t your parents teach you to share?
The best way to keep the global recovery on track, the OECD argues, is pretty straightforward: get vaccines in arms around the world. After all, there’s a growing gap in economic growth between rich countries that have comprehensive access to vaccines and the poor ones that don’t. But there’s hope yet: the organization said on Wednesday that it could cost as little as $50 billion to vaccinate the whole world – a drop in the ocean when you consider the $10 trillion that the world’s 20 biggest economies have spent offsetting the pandemic’s impact.

Zooming out: The Fed holds its hands up.
The OECD’s US inflation forecast for 2022 was one of the biggest jumps from September, going from 3.1% to 4.4%. Fitting, then, that the Federal Reserve finally admitted earlier this week that higher prices could be around for longer than it thought. That might be why it’s thinking about fully winding down its bond-buying economic support program a few months earlier than it had been planning, in a move that should push up the cost of borrowing and deter spending.

You might also like: How to learn to stop worrying and love Omicron.

Copy to share story: https://www.finimize.com/wp/news/world-of-good/

🙋 Ask a question

Analyst Take

NFTs Are In Fashion, So Now Fashion Wants To Be In NFTs

Andrew, Analyst

What’s Going On Here?

The fashion industry – always late to the party – is finally getting wise to the potential of NFTs.

And according to Morgan Stanley, that could have a significant impact on the industry: it reckons NFT sales could net luxury firms a massive $12.5-$25 billion in revenue in 2030.

The profit boost should be even more notable, with the investment bank expecting luxury NFTs and social gaming to account for as much as a quarter of profit by 2030.

No surprise, then, that this kind of money could offer a big lift to the crypto market itself.

That might be why one of Bill Ackman’s investment firms just backed Origyn Foundation, which uses NFTs to guarantee the authenticity of physical items like luxury watches and jewelry.

So that’s today’s Insight: what luxury NFTs mean for the industry itself, what they mean for the crypto market, and what they mean for you.

Read or listen to the Insight here

Analyze the heck out of alternative investments

Let’s face it, you’re not exactly short of things to invest in these days.

But Bloomberg and Reuters aren’t exactly telling you how to value the best and brightest alternative assets out there, or even where to find them.

That’s why our analysts have been enjoying Alternative Assets – a platform brimming with original research and in-depth quantitative insights across dozens of different asset classes.

NFTs, startups, sneakers, video games, sports cards, music rights, lego sets, and – *checks notes – islands. Yep, islands.

Alternative Assets’ experts were the very first to track some of these brand new markets, and their recommendations are already crushing benchmarks.

So don’t let the dinosaur skeleton market pass you by: sign up to Alternative Assets today.

Join Alternative Assets