TRAVELING THE WORLD, WRITING WHAT THE PEOPLE NEED TO KNOW.
TRAVELING THE WORLD, WRITING WHAT THE PEOPLE NEED TO KNOW.
Paul Volcker began his term as chairman of the Federal Reserve Board of Governors in August of 1979. In October, the S&P 500 index dropped 11% on its way to a 20% drop in 1980. Alan Greenspan was sworn in as Fed chairman in August 1987. On October 19, 1987 the markets suffered through “Black Read More…
The only billionaires who are opposing Bitcoin and cryptocurrencies are those who didn’t see it coming. It makes perfect sense for an influential billionaire to publicly condemn it in order to create a buying opportunity for himself. Some, though, have been on top of their game and nailed the rise of cryptocurrencies. The Winklevoss twins Read More…
** PROFITS UPDATE: Today’s letter focuses on the monumental shift in global growth and the inflationary pressures now felt on raw commodities: Gold is above $1,340, zinc trades at 10-year highs, palladium is soaring, and silver is taking big steps, but before you begin reading, I wanted to update on Stratis (STRAT), the under-the-radar cryptocurrency Read More…
Sometimes the truest of hard truths are to be found smack dab in the middle of the fakest of fake news. You just have to read between the lines. Take a recent story that bubbled up amid all the hype about the all-time record highs in the “What Could Possibly Go Wrong?” manipulated stock markets. You Read More…
It’s official: as of midnight Saturday, the US government has shut down following a failure in the Senate to strike a funding deal. Government funding was due to run out after Dec. 8 but was twice extended, most recently through Jan. 19, at which point the US encountered what’s officially called a “spending gap,” which Read More…
Bitcoin $10,000? Already? It seems like just a few months ago that I was writing about the price of one bitcoin surpassing the price of one ounce of gold. Oh wait. I was. “Bitcoin Over Gold: What Does It Mean?” was written in March 2017. Fast forward 8 months and here we are with the Read More…