Truflation Community Update #3
TL;DR
- US inflation tanks; UK remains stubborn
- Brand makeover
- 8 new products
- EthCC 6 Paris feature
- London Business School meets Truflation
- Truflation Spaces great ‘gets’
Truflation Talk Everywhere
July 2023 did not disappoint in the Truflation Nation.
Before dipping to a historic low of 2.11% on 14 July 2023, US CPI hit an unnerving 2.22% – well within Federal Reserve striking range. Meanwhile, UK CPI remained stubbornly above 11%, causing the CEO of Social Capital and co-host of the popular All-In podcast, Chamath Palihapitiya, to enter the comment section in despair (the main tweet snagged 1.8 million views).
The debate soon raged across social media and within the TradFi press.
Leading what came to be a chorus of defenders, economist and former Federal Reserve insider Danielle DiMartino Booth (DDB) analyzed Truflation data going back years, concluding, “Since 2012, Truflation’s correlation with the CPI is 0.97,” finally putting to rest quibbles about it versus BLS CPI. It tracks.
She’d flesh out her findings in a Truflation Spaces not too much after, praising the world’s first on-chain, real-time inflation source. It’s a well-spent hour with DDB’s insights on the US economy, how Fed policy is made, and why getting good data through Trulfation is so critical. Have a listen.
Futures to Match Global Food Supply Chain & Oil Headline Worries
Truflation data elves were as busy as ever in July of 2023.
More than half a dozen new data feeds joined The Marketplace of True Data in time for businesses and investors to consider as global headlines raged.
War in Ukraine meant Russia suspending its Black Sea Grain Initiative participation, which appeared to have an impact across food-related futures, even Feeder Cattle, Rough Rice, and Oats – three recently added data trackers.
Oil prices reached monthly highs, causing new members in The Marketplace of True Data, Heating Oil, and RBOB Gasoline to reflect ongoing and fast-changing economic realities of tightening Atlantic supply and OPEC+ decision-making during a busy traditional travel season in the West.
No doubt, quants could find economic interconnectedness among three more new Truflation data feeds, such as US Soybean Oil and Meal futures and US Cocoa futures.
Truflation Signal Among Official Noise
Press mentions in July continued apace, with Truflation citations regularly on CNBC and popping up in influential podcasts such as All-In, ARK Invest, and Unchained, among many, many others:
- Pollak: Economic activity is pretty much back to pre-pandemic levels, but employment is not (cnbc.com)
- Urgent measures needed to protect homeowners from negative equity, Truflation urges - Business Leader News
- Balaji Srinivasan keeps fighting inflation and losing (protos.com)
- Buy The Dip: 2 REITs Getting Way Too Cheap | Seeking Alpha
- Inflation, Deflation und Rezession – Was sagt die Renditekurve | CMC Markets
- The UK housing market is facing its biggest test in 70 years | MoneyWeek
- All-In https://youtu.be/JD-b-Zl7yso?t=1897
- ARK Invest https://youtu.be/E-kucSaDtag?t=486
- Ivan On Tech https://www.youtube.com/live/c8uX53N_eEc?feature=share&t=939
- Kinesis https://rumble.com/v2ymziw-is-it-time-to-start-hedging-against-black-swan-events-feat.-danielle-dimart.html @9:02
- FTSE 100 Live: London blue-chips remain dull weighed by sterling rise | AIM:REVB (proactiveinvestors.co.uk)
- U.S. Inflation Predicted to Fall Sharply by truflation (poundsterlinglive.com)
- Spiralling levels of inflation are making homeowners unhappy - Digital Journal
- Latest Drop In Inflation Promising But Real Rate Could Be Higher Than ONS Says - Business Leader News
- Unchained https://youtu.be/QNrFIJdldHA?t=1525
- The Permanent Wealth Podcast: When is inflation coming down with Oliver Rust at Truflation on Apple Podcasts
- Why is Jerome Powell gaslighting us about the odds of recession? (cointelegraph.com)
Wrapping Our Arms Around Paris
Ethereum Community Conference 6 (EthCC), an annual gathering of the largest European Ethereum event focused on technology and community over four intense days of conferences, networking, and learning, featured Truflation and its CEO, Stefan Rust.
Post mortem is here.
Across the way and not to be outdone, Truflation Nation expanded into the vaunted London Business School. The occasion celebrated an ongoing and fruitful collaboration with Chainlink in the Web3 space.
Lots of great questions about startups and how to be ready for the already-happening Web3 future.
Like Our New Hairdo?
Call it Hot Data Summer! Call it, getting our immutable groove on! Call it beautiful. All and more of what data sleuths love now with slick packaging. Made you look.
Truflation Spaces
In addition to the Danielle DiMartino Booth chat, Truflation Spaces hosted its regular Pre-BLS CPI talk. This month featured visionary Omar Yehia of zkSync and Matter Labs and the Truflation team and its analysis. Listen here.
Ahead of the FOMC and Fed Chair Powell presser, we got micro. Veteran trader and investor Jonah Lupton joined us to share insights on US central bank policy and how it impacts markets. We were also lucky enough to have Israeli Blockchain Association Executive Director Yosef Shaftal to give a global perspective. Archived here.
We were guests on the following podcasts: