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
One Of the Most Successful Stock Investors Of All Time Sees a 40% Crash.
Not all investors are created equal. Some just buy and hold, which may be OK in the long run, but it subjects you to 50% declines periodically. If those declines come just as you’re getting ready to retire and the market takes 10 years to recover, that’s not a great outcome. Other investors are more
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
If You Can’t Win a Trade War, Try Winning a Currency War Instead.
The article above talks about China’s “nuclear option” in the trade wars. That’s a reference to China’s massive holdings of U.S. Treasury securities and the possibility China could dump them on the market and drive up U.S. interest rates. The so-called nuclear option is a dud as the prior article explains. But, that does
China’s “Nuclear Option” In the Trade Wars Turns Out to Be a Dud.
A global trade war is now in full swing. Many nations are involved, but the chief antagonists are the U.S. and China. China set up the conditions for a trade war by unfair dumping of steel on world markets and the theft of over $1 trillion of U.S. intellectual property. President Trump fired the
Here’s Where the Next Great Crisis Originates
Here’s Where the Next Great Crisis Originates