Investors and financial intermediaries like to complain about regulation, and with good reason. Regulation causes many transactions to be slow, burdensome and costly relative to the perceived benefits. But there’s a reason all of that regulation exists. At one time or another, every market in the world — stocks, bonds, gold, currencies, etc. — has
The history of bitcoin thefts, hacks and simple disappearances (because holders lose the “private key” needed to use the bitcoin) is long and getting longer. We’ve seen the collapse of the Mt. Gox bitcoin exchange in Japan and heard many other horror stories about missing or stolen bitcoins. This article gives us the latest example.
Investors can be forgiven for not completely understanding the dynamics of bitcoin; very few do. We all read the headlines about four-digit exponential price increases in bitcoin and ask, “What am I missing?” Imagine how much more difficult it must be to look behind the bitcoin curtain at the thousands of alternative currencies, crypto applications,
Inflation Can Return Much Faster Than You Think
My new interview with @Varneyco on @FoxBusiness covers North Korea, Fed, stocks & growth. “Bitcoin’s a fraud, a ponzi, and a bubble at the same time. Madoff was only two out of three.”
My friends at the Pentagon love acronyms. They throw them around all the time, and listeners who can’t keep up are left in the dust (and have to look them up when they get back to their offices). You’ll hear phrases like, “OSD sent me to ONA for CFIUS TD.” (Translation: “The Secretary of Defense
The near three-month hiatus in North Korean strategic weapons tests is now over. Kim Jong Un had maintained a rapid operational tempo of nuclear bomb and ballistic missile tests throughout 2016 and 2017. These tests included progressively more powerful and more reliable missiles and North Korea’s first hydrogen bomb (exponentially more destructive than an atomic
A few weeks ago the media were filled with stories about the Catalonia “seceding” from Spain and setting itself up as an independent republic. There were mass demonstrations in the streets, some violence, and a determined band of secessionist political leaders giving incendiary speeches. The breathless media reporting referred to a “referendum” (which the Spanish
