Meraglim Blog

This Bitcoin Billionaire Has Lost His Faith in Bitcoin.

  Regular readers know my view of bitcoin. I’ve said all along that it has no utility other than as a token for criminal transactions. Bitcoin is slow, expensive, non-scalable and non-sustainable. It is not suitable as money because the money supply it represents is inelastic once the last bitcoin is mined (and we’re already

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Investors Have Been Warned About This Bad Sign. Now It’s Here.

  One of the oldest jokes in economics is that “the stock market has predicted nine of the last five recessions.” That’s a reference to the fact that stock markets tend to decline about six months before a recession, but they also decline at times when there is no recession. This makes the stock market

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