by wpadmin | Aug 28, 2023 | Uncategorized
The current bankruptcy of bitcoin exchange FTX is sending shockwaves throughout the bitcoin industry. Billions of dollars of bitcoin investments cannot be accounted for. Celebrities like Tom Brady and Matt Damon have been exposed as paid hacks who sold their...
by wpadmin | Aug 28, 2023 | Uncategorized
With the sale of Twitter to Elon Musk last week, a syndicate of banks had previously offered to loan Mr. Musk $13 billion to help pay for the $44 billion deal. The intentions of the banks were to turn around and sell the debt to the investing public as bonds...
by wpadmin | Aug 28, 2023 | Uncategorized
Advocates of formulaic investing along the lines of 60 percent stocks, 40 percent bonds are not doing so well these days. Year to date, bond indexes are down about 13 percent. This is the second consecutive year of negative returns from fixed income. While this may be...
by wpadmin | Aug 28, 2023 | Uncategorized
Like today, in 1979 the perception was that inflation was out of control. The hapless administration of G. William Miller at the Federal Reserve had left its reputation for control of the purchasing power of the US Dollar in tatters. Every time...
by wpadmin | Aug 28, 2023 | Uncategorized
Economics 101 – Law of Supply and Demand: legislating oil refineries decreases supply With the exception of a small refinery launched in North Dakota in 2014, no new oil refineries have been built in the United States since 1976. In 1972, Richard Nixon...
