What I'm Reading This Week (2024/9.15-9.21)

Table of Contents

• Trends
• What I’m Reading This Week (2024/9.15-9.21)
  • I’ve been too busy lately, and haven’t finished reading it in two weeks 😢
  • 1. Introduction and Application Materials for Italian Digital Nomad Visa
  • 2. What is the typical programmer like today
  • 3. On September 22, 2024, most major assets experienced a BTFDing shock from Asia, Europe, and the United States
  • 4. [Goldman Sachs’ View] Goldman Sachs’ Chief Analyst Explains Why the Domestic Economy Faces Difficulties
  • 5. Jackson Hole Conference Minutes, FOMC Meeting Minutes, and Employment Data Revision

Trends

What I’m Reading This Week (2024/9.15-9.21)

Good morning, this is the 3rd week of September 2024.

Recently, I’ve been reading “The Decameron (2024)”.

I’ve been too busy lately, and haven’t finished reading it in two weeks 😢

1. Introduction and Application Materials for Italian Digital Nomad Visa

• Allows one-year residence in Italy, with the option to renew, providing a one-year stay period
• Unlike other digital nomad visas, family members can be included
• Lower cost of living outside major cities, with many areas in Italy having lower living costs compared to other main regions in Europe
• Well-developed infrastructure, with reliable internet in most Italian cities
• Access to the EU, visa holders can freely travel throughout the Schengen area
• Unlimited permits, unlike other work visas that have annual quota restrictions, making it an easier visa to obtain
• Potential path to residency, while this visa doesn’t directly guarantee permanent residency, those interested in permanent residence in Italy can apply for Italian citizenship after staying in Italy for over 10 years
• Italy is one of the world’s most visited countries, with stunning architecture, culture, and many well-preserved historical sites
• After renewing the short-term residence card for 5 years, one can convert it to a ten-year EU long-term residence card (Soggiornante di lungo periodo UE)
• After renewing the short-term residence card for ten years, one can apply for Italian citizenship

2. What is the typical programmer like today

• Habr and GitVerse conducted a survey aimed at understanding what the typical programmer is like today.
• This refers not to appearance, but to personal and professional characteristics.
• Nearly 2,500 people participated in this survey.

3. On September 22, 2024, most major assets experienced a BTFDing shock from Asia, Europe, and the United States

• After the Fed’s crisis rate cut, there was a brief delayed reaction in the market, followed by a broad rise in asset prices.
• Stocks, bonds, and gold rebounded driven by the rate cut, with all major asset classes seeing a recovery.
• Despite the market rebound, investors remain cautious about inflation and debt issues.
• Investors utilized the Buy The F***ing Dip (BTFD) strategy, increasing asset allocation after the rate cut.

4. [Goldman Sachs’ View] Goldman Sachs’ Chief Analyst Explains Why the Domestic Economy Faces Difficulties

5. Jackson Hole Conference Minutes, FOMC Meeting Minutes, and Employment Data Revision

Monday, Aug 19, 2024 - 09:52 PM

• Key events this week include the Jackson Hole conference, FOMC meeting minutes, and employment data revision.
• The Jackson Hole conference will focus on the Fed’s stance on future monetary policy, particularly the balance between inflation control and economic growth.
• The FOMC meeting minutes will provide more details on internal discussions at the Fed, with investors looking for signals of future rate hikes or cuts.
• The employment data revision will reassess previously reported job growth, potentially affecting market views on economic health.
• Markets expect these events to have a significant impact on stock, bond, and currency markets, with investor sentiment highly cautious.