Bitcoin Cynics Are On The Wrong Side Of History
f you’re stupid enough to buy [Bitcoin], you’ll pay the price for it one day.” – Jamie Dimon, CEO of JP Morgan Chase, 2017 On March 10, 1876, a new invention sent an invisible electrical signal through a pair of copper wires. On the other end of those wires, the signal was converted to sound […]
Measuring The “Free” Digital Economy
The digital economy provides a number of services for which the marginal price (given an internet connection) is zero: games like Candy Crush, email, web searches, access to information and entertainment, and many more. Because users are not paying an additional price for using these services, this form of economic output doesn’t seem to be […]
Stock Markets For Wednesday, January 10
An overview of how the US stock market, currency and gold markets are poised to open. Video Length: 00:20:47
Stock Markets: Danish Concepts
Greetings from Copenhagen. I did a beefier post on the plane, so be sure to check that out if you haven’t already. During this layover, I’ll just observe that, thanks to China saying it isn’t going to be propping up this fake boom with endless Treasury purchases anymore, markets are somewhat weak. Nothing earth-shattering (or even […]
TMV : 3X Leveraged Short On Treasury Bonds
TMV is a 3 X short the TLT 20 year treasure bond ETF. This trade is based on the TLT. For well over three years now the TLT has been building out what looks like a massive H&S top with the top of the right shoulder now in play. I’m going to take an initial […]
The Only Benchmark Of Wealth
The New England Patriots are the winningest professional football team of the new millennia. While we could post a long list of reasons for their success, there is one that stands above the rest. In a recent interview, Patriots quarterback Tom Brady stated that they start each year with one goal; win the Super Bowl. Unlike many […]
Deflation’s Back? Core Import Prices Tumble In December
While the world worries about inflation, US import prices (ex petroleum) printed a shocking 0.2% decline MoM in December (a big drop from recent monthly gains and big miss to expectations). This is the biggest monthly decline since June 2016… Year over year, import price gains rolled over… Headline import prices also missed expectations, rising just 0.1% MoM […]
Don’t Buy INSYS Therapeutics (INSY) In 2018
As more states relax the regulation for the recreational use of marijuana investors are eager to look for opportunities in this budding sector. But we should look closely at the reality of using marijuana for medical purposes and other products. Companies related to the growing or distribution of cannabis products do have positive prospects for […]
Banking As Usual Is Not An Option
I’ve blogged quite a bit about adapting to change lately, and will continue to do so as banking-as-usual (BAU) is not an option. It’s similar to standing in the middle of the road. If you stand there for long enough, you’ll get run over. This is as true in banking: if you stop changing, you […]
U.S. Fixed Income: Will 2018 Be Any Different?
Now that the champagne has gone flat and college football season has come to an end, investors are facing 2018 square in the eye. Sure, based on consensus forecasts, it appears as if there are no great expectations for the new year in terms of the economic outlook, but who can blame anybody, especially after […]
