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Yet More Boondoggles: Extracting Carbon Dioxide From The Air, Mining Asteroids

Yet More Boondoggles: Extracting Carbon Dioxide From The Air, Mining Asteroids

The dictionary doesn’t quite do justice to the word “boondoggle” according to author Dmitri Orlov, best known for his book Reinventing Collapse. A contemporary boondoggle must not only be wasteful, it should, if possible, also create additional problems that can only be addressed by yet more boondoggles. (This does NOT preclude boondoggles from being profitable for certain insiders.) depositphotos In Orlov’s universe, […]
Tax The Rich!

Tax The Rich!

I was a graduate student in a STEM program when Reagan was elected and the Laffer curve was used to justify tax cuts.  depositphotosThe problem that immediately stood out to me at the time was that neither the ordinate nor the abscissa in the Laffer graph had scales, so it was impossible to assess where, exactly, […]
Dow Jones Industrial Average Closes Above 40,000 In Quiet Friday Climb 
                    
 
 
 
 
 

Dow Jones Industrial Average Closes Above 40,000 In Quiet Friday Climb          

The Dow Jones Industrial Average (DJIA) closed above the 40,000.00 major handle for the first time ever after markets wound down a hectic trading week that saw rate cut hopes return to the forefront after US Consumer Price Index (CPI) inflation eased to a three-month low.  depositphotos Easing inflation figures sparked a risk appetite rally that sent the Dow Jones […]
Gold As Currency: Winds Of Change Are Upon Us

Gold As Currency: Winds Of Change Are Upon Us

The world of finance is a fickle mistress, and the recent fluctuations in the price of gold have left many puzzled. For years, gold has been seen as a haven, a hedge against inflation, and a store of value. But now, a new trend is emerging. The euro and the dollar are trading higher in […]
Zoom Stock: Pandemic Darling Faces A Bleak Future 
                    
 
 

Zoom Stock: Pandemic Darling Faces A Bleak Future    

Zoom Communications (ZM) stock price has gone through a prolonged turbulence in the past few years. After surging to $588 during the pandemic, it has dropped to $64, bringing its market cap to $19 billion from a peak of $182 billion. depositphotos  Zoom Communications earnings aheadZoom, a company whose name became a verb, has fallen from grace […]
Forex And Cryptocurrency Forecast For May 20 – 24

Forex And Cryptocurrency Forecast For May 20 – 24

The American currency suffered two significant blows last week. depositphotos Although these were not knockdowns, let alone knockouts, these minor shocks pushed the DXY Dollar Index down from 105.26 to 104.20 points, and EUR/USD up from 1.0766 to 1.0895.  The first blow came on Tuesday, 14 May, from Federal Reserve Chairman Jerome Powell. Surprisingly, after his comments, the dollar should […]
What Happened To The Asian Century? 
                    
 
 
 
 
 
 

What Happened To The Asian Century?            

The prospect of the 21st century becoming an ‘Asian Century” is fading from view. Rather than adapting to an Asian Century, the paramount challenge for the West is now learning to live with illiberal regimes and resisting illiberal forces within its own countries.depositphotos IntroductionIn 2011, the Asian Development Bank set out a vision for an “Asian […]
4 Major Catalysts That Will Push Gold Above $3,000

4 Major Catalysts That Will Push Gold Above $3,000

The gold price bottomed in late 2015 around $1,050 per ounce. It shot 30% higher in 2016 to $1,375 and then chopped mostly sideways for three years. depositphotos Then in June of 2019, the price spiked powerfully higher from $1,300 to a new record high at $2,070, a move of 60% in the course of two years. […]
Crypto Takes Center Stage In U.S. Elections: Insights From Industry Experts

Crypto Takes Center Stage In U.S. Elections: Insights From Industry Experts

Crypto takes center stage in the US election as various presidential candidates declare their position in a bid to appeal to majority of the voters. Recently, the Biden administration declared in a statement that they would veto any legislation that allows banks to take custody of crypto. depositphotos Contrary to his stance, former US president Donald Trump disclosed at […]
Eric Hovde Predicts

Eric Hovde Predicts

recession, stock market decline, and housing market decline. From December 19th (Newport Beach Independent): Economic Slowdown: The U.S. is likely to enter a recession, with consumers expected to deplete their savings, leading to only one potentially positive GDP quarter in 2024. depositphotos Corporate Downsizing and Unemployment: Anticipated downsizing in corporations may push unemployment rates up, […]