by wpadmin | Aug 28, 2023 | Uncategorized
The closing of three financial institutions in the past week has sent a sense of crisis through the financial world. Deposits are insured at FDIC institutions up to $250,000. Some accounts are many times this number. Venture capitalists (VCs) typically deposit in the...
by wpadmin | Aug 28, 2023 | Uncategorized
It should be obvious by now to everyone that increasing interest rates to slow the economy is not resulting in lower inflation. It is obvious to the Federal Reserve, who nevertheless continues to increase rates to kill the patient to make the procedure successful. The...
by wpadmin | Aug 28, 2023 | Uncategorized
As of last Thursday, the United States Government reached the limit of its authority to borrow. While some evasive actions are being initiated by the Treasury Department to keep the government open and pay its obligations, these steps are expected to be exhausted...
by wpadmin | Aug 28, 2023 | Uncategorized
Asheville, North Carolina holds a special place for the writer and native son Thomas Wolfe, whose 1940 novel’s title You Can’t Go Home Again is a fitting framing for investing in 2023. Many investors are trying to treat the events of 2022 as an aberration in...
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...
