Commentary Currency status has been a hot topic for some time. When the euro emerged in 1999, many thought it would take over or at least split the share of U.S. dollar. It did not. From a longer historical time series showing official foreign exchange (FX) holdings (reserves) by currency compiled by the International Monetary…
Dollar Status Remains Solid
Biden’s Economy Is Killing the Trucking Industry
Commentary During the pandemic, freight prices skyrocketed, as did consumer demand, attracting thousands of new companies into the trucking industry. Now, a general economic downturn is dampening consumer demand while the cost of operations is higher. This is forcing carriers out of business. Experts believe we are heading into a trucking market crash caused by…
Lessons From the ‘Nifty Fifty’
Commentary Just recently, Bank of America had a great piece of analysis on the “5 Lessons From the Nifty Fifty.” Of course, if you are unfamiliar with the importance of the “Nifty Fifty,” it is worth explaining. The “Nifty Fifty” refers to the 50 most popular large-cap stocks in the 1960s and 1970s. These “household”…
FTX and the Perils of Democratization of Finance
Commentary The possibilities of intentional fraud and potential international conspiracy of a web of illicit money-laundering activities cannot be ignored. But from the vantage point of this author—who was an employee of a cryptocurrency trading firm from 2018 to 2019–the downfall of FTX isn’t shocking at all. The crypto industry isn’t regulated. And despite their…
Inflation Relief? Not Likely
Commentary Financial markets reacted gleefully to the Labor Department’s October consumer price index (CPI) release. It showed an extension of the modest relief from the terrifying figures of last spring. Investors seemed to think that inflation pressures were dissipating and that perhaps the Federal Reserve (Fed) might ease up on raising interest rates and on…
Hard Money Has Some Syndicators in Trouble
Commentary As of April 2022, experienced syndicators (those who raise money from investors to invest in real estate) stopped using hard money to secure deals. At the time, many investors were questioning this practice as not going hard on the money made those of us more experienced lose out on some potential cash-flowing properties. However,…
ECB Likely at Fault for Uncontrolled Inflation in Euro Area
Commentary While the U.S. year-on-year inflation is declining, inflation in the Eurozone is still not under control. Why is that so? The global market exhibited a strong rebound after the release of U.S. CPI (Consumer Price Index) inflation data. The ease of inflation was well expected months ago; our column articles in June projected inflation…
Counterfeit Cash Financed Midterm Democrats
Commentary With facial recognition technology able to find a wanted man who strolls in front of a surveillance camera anywhere in the world, and artificial intelligence able to generate deepfake video impersonations so realistic that Congress began panicking about its potential for abuse over three years ago, foolproof counterfeit currency is hardly a heavy lift….
South Korea: The Next Big Arms Dealer in Asia?
Commentary The international arms bazaar is not an equal-opportunity marketplace. There is no level playing field, even if market leaders like the United States, Europe, Russia, and a few others were not fixing the whole affair. Given high barriers to entry, it is hard for an aspiring arms exporter to break into the business. Costs…
A Republican House–Now What?
Commentary With Rep. Mike Garcia projected to win California’s 27th congressional district, giving the Republicans 218 seats in the House of Representatives, the GOP will take control of the lower house in January 2023. So now what? Well, certainly there will be investigations and perhaps even perhaps a performative impeachment of Homeland Security Secretary Alejandro Mayorkas…
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