BC ECONOMY
Saved by @Alex1Powell

November 2020 US NPD THREAD - November 2020 consumer spending across video game hardware, content and accessories reached a November record $7.0 billion, 35% higher when compared to a year ago. YTD spending totaled $44.5 billion, 22% higher than the same time period in 2019.

 US NPD HW - Consumers spent a November record $1.4 billion on new video game hardware, an increase of 58% versus YA. Growth was driven by the launches of the PlayStation 5 and Xbox Series. Year-to-date hardware spending reached $4.0 billion, 34% higher than a year ago.
US NPD HW - PlayStation 5 was November's best-selling hardware platform in consumer spending, while Nintendo Switch led the market in units sold.
US NPD HW - PlayStation 5 achieved the highest launch month unit and dollar sales for a video game hardware platform in U.S. history. The records were previously held by the PlayStation 4, which debuted in November 2013.
US NPD HW - Nintendo Switch has been the best-selling hardware platform in units sold for a record 24 consecutive months.
US NPD SW - Call of Duty: Black Ops: Cold War was November's best-selling game, and instantly becomes the best-selling game of 2020 year-to-date. It also ranks first on both PlayStation and Xbox platforms for the month of November and YTD.
US NPD SW - This is the 13th consecutive year a Call of Duty game has ranked as the best-selling game of its release month.
US NPD SW - Assassin's Creed: Valhalla debuted as the 2nd best-selling game of November and is the 7th best-selling game year to date. Assassin's Creed: Valhalla achieved the highest launch month sales for an Assassin's Creed franchise title since Assassin's Creed III in 2012.
US NPD SW - Marvel's Spider-Man: Miles Morales was the 3rd best-selling game of November, while ranking 2nd on PlayStation platforms. Launch month sales were the second highest amongst superhero games on PlayStation platforms in U.S. history, trailing only Marvel's Spider-Man.
US NPD SW - Just Dance 2021 debuted at number 13 on the November best-sellers chart. Launch month sales of Just Dance 2021 were the second highest in franchise history. Only Just Dance 3, launched in October 2011, experienced a larger launch.
US NPD SW - November 2020 Top 20 Sellers
US NPD SW - YTD 2020 Top 10 Sellers
US NPD SW - 12 Months End November 2020 Top 10 Sellers
US NPD SW - November 2020 Nintendo Platforms Top 10 Best-Sellers
US NPD SW - November 2020 PlayStation Platforms Top 10 Best-Sellers
US NPD SW - November 2020 Xbox Platforms Top 10 Best-Sellers
US NPD ACCESSORIES - Spending on accessories reached $314 million in November 2020, 8% higher when compared to a year ago. Year-to-date spending has increased 22% to a record $2.1 billion.
US NPD ACCESSORIES - Sony's DualSense Wireless Controller White achieved the highest launch month unit and dollar sales for a gamepad in U.S. history.

More from Economy

Lillian Li
Lillian Li
@lillianmli
1) Let's talk about a key part of the Chinese creator economy. The creator management and incubator agencies known as Multi-Channel Networks (MCN). We''ll summerise key lessons for the western creator economy.

And know how Li Ziqi got her 12m YouTube subscribers

2) MCNs are modern-day talent agencies (but more) who target influencers and creators as their clients. It originated in the US but has proliferated in China, with industry estimates of 5k-7k Chinese MCN operating as of 2020.

3) Typically, as creators gain enough following, they find it difficult to be an-all-in-one content creator, editor, customer support rep, accountant, lawyer, and marketing guru that the job demands.

Enter the MCNs who offers the creator the following:

4) Audience and traffic growth, PR management, monetisation through ads & e-commerce and support with retail fulfillment.

Their services are more holistic than western MCNs, who's offerings are more domain-specific.

5) Agreements between Chinese MCNs and creators can get into guarantees of the number of followers provided, copyrights, subtitling and distribution help, as well as providing analytical feedback on their content.
ECONOMY
Soham Das, CFA
Soham Das, CFA
@sohamdas
On Jan 6, 2021, the always stellar Mr @deepakshenoy tweeted, this:

https://t.co/fa3GX9VnW0

Innocuous 1 sentence, but its a full economic theory at play.
Let me break it down for you. (1/n)


On September 30, 2020, I wrote an article for @CFASocietyIndia where I explained that RBI is all set to lose its ability to set interest rates if it continues to fiddle with the exchange rate (2/n)

What do I mean, "fiddle with the exchange rate"?

In essence, if RBI opts and continues to manage exchange rate, then that is "fiddling with the exchange rate"

RBI has done that in the past and has restarted it in 2020 - very explicitly. (3/n)

First in March 2020, it opened a Dollar/INR swap of $2B with far leg to be unwound in September 2020.

Implying INR will be bought from the open markets in order to prevent INR from falling vis a vis USD (4/n)

The Second aspect is now, that dollar inflow is happening, and the forex reserves swelled -> implying the rupee is appreciating, RBI again intervened from September, by selling INR in spot markets. (5/n)
https://t.co/9kpWP7ovyM
ECONOMY
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Cem Karsan \U0001f950
Cem Karsan 🥐
@jam_croissant
1/x The market continues to try & shake out weak hands from overextended positioning by both HF & Retail...After a strong Vanna run up overnight, as expected, retail exuberance exploded on the open in the form of retail call buying, this fragility, paired w/a)Mean reverting flows


2/x from pinned Index Vol b) well documented, risk parity rebalancing flows & c) selling flows tied to bank EOY liquidity constraints. In combination, these flows have together have amounted to substantive selling pressures, strong enough to counteract the positive vanna/ charm

3/x flows, & point to continued likely index RVol an IVol pinning...Historically, the week of quarterly OpEx markets are notoriously volatile intraday, but also mean reverting like we saw today. I think it is fair to expect continued IVol compression & more of the same underlying

4/x chop. Vanna/Charm flows will lose their oomph after Wed 12/16 vixperation morning. There’s a window of weakness which I’ve spoken to for a month that falls 12/16-12/23. That could open a brief window that could lead to revaluation of the real risk & short interest,post 1/6...

5/x but the overwhelming 10k 🦍 of index Vol compression should still hold any correction in time & price in check in the shortterm and it’ll be hard to have anything blow up too bad in SPX land given how cheap & abundant Xmas Vol is 12/23-12/24. NTM, a stim deal & potential Fed
ECONOMY
Linda\U0001f3f4\U000e0067\U000e0062\U000e0077\U000e006c\U000e0073\U000e007f \U0001f499#Notmybrexshit #ProEU \U0001f1ea\U0001f1fa
Linda🏴󠁧󠁢󠁷󠁬󠁳󠁿 💙#Notmybr...
@lindaarella
"Hello, IT? My economy has stopped working."

"Have you tried -"

"Yes."

"Okay. Check settings. What does it say under software?"

"Compatible with EU membership."

"Do you have that?"

"I just uninstalled it."

"Er - Why?"

"Honestly, I can't remember. Something about fish?"

"Is your fish industry running okay?"

"No, actually that was the first app to crash."

"You see, that one really needs the EU platform installed."

"Really? But my mate told me fishing would run better without it."

"He sounds confused. Can you reinstall your EU app?"

"What about this app my mate gave me instead? It's called Sovereignty 45."

"Mate, don't touch that. It's malware. It'll reduce your economy down to the levels of 1945."

"But those were the glory years! Weren't they?"

"Mate, when were you born?"

"1960. Why?”

“You have also installed the Hostile Environment firewall which is limiting the capacity of other systems”

"But my mate said those things stop viruses."

"Is your mate's name Nigel by any chance?"

"Yes! How did you -"

"Another wild stab. Those aren't viruses, they are EU workers, and they are vital to the smooth running of your systems."

"But I clicked on a pop-up that said it would get rid of them all for me."
ECONOMY
pete wolfendale
pete wolfendale
@deontologistics
I’m beginning to think that the left has been too obsessed with GDP as a broken economic metric governing the global shitshow, when inflation is more insidious. Deflation may be a more radical demand than degrowth. Burst bubbles. Deflate the price of fossil fuel infrastructure.

It’s amazing just how much political economy is still determined by the threat of stagflation. This has created a weird metonymy in which as long as you’re fight inflation (preserving the interests of (older) savers) you’re also fighting stagnation (supporting (younger) earners).

To some extent the residual fear of deflationary spirals lies behind this, waiting in the wings for any suggestion that stagnation must be fought with deflation. This is entirely understandable, as uncontrolled deflation hits the poorest hardest.

The assumption that conjoins these fears into an engine of unbridled economic stagnation is that there’s a unitary market effectively mediating between the markets in different sectors, be this unity micro-economic or macro-economic in flavour. But this just isn’t how it works.

There is so much more logistic friction in the price system than the popular story of just in time production suggests, not least in the concrete details of differentiated trade between economic actors from local businesses to nation states.
ECONOMY

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David Rothkopf
David Rothkopf
@djrothkopf
If there is one thing I have learned it is that people love bullshit. They buy bullshit stories from professional bullshit artists, accept bullshit philosophies, purchase bullshit how-to-books, vote for bullshitting politicians.

At first, I resisted believing this because it is illogical and dumb and frankly, doesn't reflect well on the human race of which I am a member (and thus have long been hopeful that it is more of a distinction than it actually turns out to be.)

But if you actually are interested in facts you begin to notice how little most people care for them. Sometimes it is because they are heard to learn and bullshit is so much more widely and easily available. Sometimes it is because facts make them uncomfortable about themselves.

Sometimes it is because just one tiny fact will upset a whole worldview that has grown as comfortable as an overstuffed chair. (Settling into such worldviews is a lot like settling into chairs like that because the longer you're there and the deeper you sink...

...the harder it is to hoist yourself up and out of your fat-assed intellectual laziness.) But I actually think the reason people have such an appetite for bullshit goes deeper, goes to an aspect of ourselves we just can't accept.
LIFE
Vibhu Vashisth
Vibhu Vashisth
@VIBHU_Tweet
TILAK:AN AGE OLD PRACTICE OF HINDUS

The beautiful Matribhumi of Bharat is the land of many religions &cultures but its Hinduism with which the world identifies this great Nation. Hinduism is the religion with science at its heart &its also a religion of many rituals &traditions.


Today we will talk about a very prominent and noticeable Mark on the foreheads of #Hindus called 'Tilak'. Tilaks are of different designs and colors. It symbolizes different meanings for different people such as religious expression, spiritual symbol, marital status etc.


Tilak is a very alluring design that is made in between the eyebrows. Vermilion, Chandan, Turmeric, Kumkum, Rice and Rice water, Vibhuti etc can all be used as Tilaks.
Why this particular spot is used for Tilak? Bcoz, it is mentioned as 'Ajna Chakra' in terms of yoga.


This chakra is the sixth & most important chakra of the human body. It's the junction where the highest number of neurons meet & is described as most important and sensitive spot in the human body.Different #Hindu traditions use different shapes and ingredients to make the Tilak.


SPIRITUAL SIGNIFICANCE

Various Hindu Scriptures mention the importance of Tilak in Sanatan Dharma. It is believed that energy, strength and divinity comes to those who apply Tilak. It is also regarded as a welcoming expression and to honour the guests when they arrive.
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Vibhu Vashisth \U0001f1ee\U0001f1f3
Vibhu Vashisth 🇮🇳...
@VIBHU_Tweet
In the Hindu Epic Mahabharata, Ashwatthama or Drauni is the son of Dronacharya and the grandson of the Bharadwaj Rishi. Ashwatthama was a Maharathi who fought alongside the Kauravas against the Pandavas in the Kurukshetra War.


According to the Mahabharata, Ashwatthama means the sacred sound associated with the sound of a horse. He was given the name Ashwatthama because when he was born, he cried like a horse.

Here are some interesting facts about Ashwatthama.

- Ashwathama is one of the Ashta Chiranjeevi, Eight Immortals. Ashwatthama was born with a jewel on his forehead, giving him power over all living beings lower than humans. The jewel protected him from hunger, thirst, and fatigue.


- His strength is almost equal to Arjuna’s, especially in archery. Among the Kuru princes, he was good friends with Duryodhan, the eldest son of Dhritarashtra. They both have jealousy towards the Pandavas.


Duryodhan felt that Yudhisthir was his obstacle in inheriting the throne of Hastinapur, while Arjun’s talent made Ashwatthama jealous because he felt that his father’s love had been divided. After all, Arjuna was Drona’s favourite student.
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Max Fagin
Max Fagin
@MaxFagin
November is here, and that means a massive shift is coming. And by "massive" I am of course referring to the redefinition of the kilogram unit of mass that the world has been building up to for more than 100 years. Let me explain:


1/ I've had an unhealthy fascination with metrology (the study of measurement) ever since my 2nd year as a physics major when I took a class devoted to duplicating historic physics experiments, so please indulge me for going into heavy detail (get it?) about the kilogram.

2/ So what actually *defines* a unit of measurement? If you're American, you probably know a mile is 5280 feet and a foot is 12 inches and an inch is 2.54 centimeters etc. But where does this chain of definitions end? Is it turtles all the way down?

3/ It's actually not! For all units (even the imperial units used in America) the answers all end with the Système International (SI) unit definitions established and maintained for over 100 years by the Bureau International des Poids et Mesures (BIMP) in France.

4/ At the base of this tower are the SI base units. Just 7 SI base units define every other unit in existence. They are:

Kilogram, kg (mass)
Meter, m (distance)
Second, s (time)
Kelvin, K (temp)
Ampere, A (electric current)
Candela, cd (luminous intensity)
Mole, mol (quantity)
SCIENCE
James Clear
James Clear
@JamesClear
My top 10 tweets of the year

A thread 👇

https://t.co/xj4js6shhy


https://t.co/b81zoW6u1d


https://t.co/1147it02zs


https://t.co/A7XCU5fC2m
BUSINESS , ALL