Power and ignorance is a dangerous combination. Biden’s stimulus plan will make the European Union look responsible by comparison. Affirm’s IPO epitomizes what’s wrong with markets and the economy. Dollar denominated financial assets on expedited track to worthlessness.
Agricultural commodities ore on fire. Nobody needs bitcoin. A market driven by inflation is different than a market driven by earnings. Biden administration will exploit the attempted “insurrection” Tech currying favor from Biden administration through conservative censorship.
Gold and silver shellacked. Jobs report worse than anyone expected. Elon Musk becomes richest man in the world. Chamath Palihapitiya’s poorly chosen quote may be an omen for things to come. Bitcoin bubble brings bizarre bedfellows. Biden vows to put low-skilled workers out of work.
Democrats bribe Georgia voters with cash. Massive divergence between International stocks and domestic stocks. Bitcoin is propping up the system that it’s supposed to take down. Protesting a stolen election is a right.
Rare dichotomies playing out in the markets – something big is happening. Dollar continues to fall against the Yuan. Institutional money is flocking to real commodities, not Bitcoin. Connecticut passes idiotic new law giving workers 3 month yearly vacations.
Fed turned stock market into a casino. Investors buying everything in sight with cheap money. Trump ends term with biggest trade deficit and budget deficits in history. Trump vetoes less bills than any other president in 100 years. Race to the bottom will start when Fed starts bailing out state.
Trump grandstands over stimulus bill. Ripple gets ripped. Is Bitcoin also a security? Biden will be bad for Bitcoin. Greyscale gets clobbered.
New Covid-19 relief stimulus bill passes Congress. 200 years worth of debt added in one year of 2020. Trump outdoes Obama’s deficit in only one term. Reparations via voting is nonsense. Banco Popular has bad business practices. I recommend First Bank of Puerto Rico.
Dollar melts down toward new lows. Tesla added to S&P, making the index even more overvalued. Exporting is a means to pay for importing.