Commentary Last week, we wrote about why inflation is a threat to your portfolio, and in today’s article we’re going to cover how inflation is being understated and why we believe that things are going to get worse. Next week, we’ll cover a variety of ways readers at all levels of income and wealth can…
How Inflation Is Being Understated and Why What’s Coming Is Worse Than Expected
Paul Krugman Is Still Wrong About Money
Commentary When a writer starts a new column, his first battle is to justify why people should read it. Paul Krugman has just made that task much easier for me, by publishing a column on money that, to use his favorite phrase, is “all wrong.” The crucial point at which Krugman gets it “all wrong”…
The Big Business of COVID-19 and Protective Masks
Commentary Indeed, most issues are symbolic, and people want to be on the right side of symbols. If you are wearing a type N-95 protective mask right now, there’s a good chance it’s counterfeit and ineffective against COVID-19 and its derivatives. In other words, the mask you have is likely just a symbol. Furthermore, if…
Why Uncle Sam Must Neuter Crypto to Save the Dollar
Commentary U.S. financial authorities regard cryptocurrencies as a capital flight threat to the weakening greenback—unlike dollar-denominated stocks and bonds. Today, 16 million Americans have obtained online crypto tokens—a wildly popular capital flight escape hatch from the incredible shrinking dollar. That so many investors are converting their weak dollars into cryptocurrencies is a major worry for…
Excited About Crypto? The Feds Are Too
January 18, 2022
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Commentary It all started with the “Genesis Block.” On Jan. 3, 2009, Satoshi Nakamoto mined the first “block” on a distributed network known as a blockchain—and suddenly bitcoin was born. Within two years, the nascent cryptocurrency had captured the imagination of the early adopter masses. And when the masses’ imaginations kick into high gear around…
Is a Deflationary Crisis the Real Economic Danger Ahead?
Commentary Careful thinking should caution you not to wager the house on the assumption of future inflation. For starters, the Federal Reserve Bank of St. Louis has generously computed the velocity of M2 Money Stock. Their analysis shows that the velocity of M2 money stock has plunged since the pandemic began. It is now at…
10 Steps to Start and Build a Successful Business
Starting a business can be a daunting task. Even if you do have a business idea—it is only one of the first steps to starting a new business. A lot can go wrong if you do not plan well and implement the plan even better. But, as long as you follow certain basic steps to…
2022 is Risk Off and May be the Wake of a November Market Top
Commentary It’s always risky to one’s reputation to call a market top, but given recent developments, I will step up to take the seat of Dionysius and be under Damocles’ sword. In my view, if we are not at a market top, we are at least most certainly in a “risk off” environment. Since its…
The Apes That Conquered Wall Street
Commentary A new shorthand has developed in the financial world. WGMI. NGMI. Vibing. Ape in. Mint. Burn. Airdrop. Gas fees. WenMoon? Whitelist. Degen. Got it? If not, I highly recommend you do because this is the language of what I expect will be one of the hottest alternative markets for 2022. Non-fungible tokens (NFTs for…
How Not to Hedge the Coming Inflation Storm
Commentary Inflation is running hot and not showing any signs of easing up. So it’s the Federal Reserve to the rescue. But as usual, they’re late to the party. (I’m actually expecting four rate hikes this year rather than the two to three the Fed has been suggesting.) A big question on investors’ minds is…
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