Certainly, for those of us not playing in the crypto space, Tucker provides an apt description, “It was as if a Maserati had sudden driven up alongside a fleet of Model Ts.”
All in Economics
Bitcoin 40,000: They Ain't Makin' Too Many More
However, the current bubble craze is Bitcoin and while more can be made--up to 21 million--the current boom is just getting started according to Former Fortress hedge fund manager Michael Novogratz.
Law School Boom and Bust
Law schools used Grad Plus more than any other higher-education sector, according to Education Department data.
Negative Time Preference or Bond Crack-up Boom
So we have France’s Veolia Environnement S.A.floating €500 million of debt, rated just 2 notches above junk, with a three year maturity priced to yield negative 0.026%.
Da Vinci no match for Satochi
Meanwhile in another area of bubbleland, as I write cryptocurrency brand numero uno trades over $7,900. In July 2010, Bitcoin traded for 6 cents. That is a CAGR of over 595%.
College: Intolerance and a Waste of Money
Since there is no opposition on campus, the professoriate can call anyone who opposes their ideas, “racists,” and “fascists.” Thus, speakers who are not necessarily controversial, like Ben Shapiro, Ann Coulter, Charles Murray, even FEE’s Lawrence Reed, are demonized and booed off the stage or forced to cancel their talks due to threats of violence.
If Sir Isaac Newton blew it, Americans don't have a chance
However, financial management skills in an age of inflation ripe with asset boom and busts is very rare among humans. As Jason Zweig writes on his blog about Sir Isaac Newton, who had more candlepower upstairs than most of us.
Continued Ballot Box Blitz by Democrats Positive for Pot
“We believe alcohol could be under pressure for the next decade, based on our data analysis covering 80 years of alcohol and 35 years of cannabis incidence in the U.S.,” the Cowan team noted. “Consumer survey work suggests [about] 80% of consumers reduce their alcohol consumption with cannabis in the mix.”
Inflation is here: Bubbles and Wage Stagnation
Isn’t wage stagnation really price inflation?
Cashing in on Too-Big-to-Fail
So, with FASB shocking the banks back to life with their rule-changing paddles, and the Fed offering banks a place on its bloated balance sheet to park cash and earn a risk-free 25 basis points, a few canny investors scooped up the warrants and waited for the Fed’s cheap money to raise all boats, even the comatose bank boats.
Does Game 5 Signal the Top?
So don’t believe that Game 5 is an indication of the shape of things to come. It likely reflects a peak in social optimism that will begin to head the other direction.
The Libor Scapegoat
So bankers who have trillions in derivative bets dependent on the direction of Libor, participate in the setting of the rate. What could go wrong?
Join the Bubble Stocks: Just Add Blockchain to Your Company Name
Stock promoters where more ingenious then; today all that is needed is “blockchain” in the company name.
U.S. Universities Continue to Produce Communists
The econ department is out-of-step with young people, they claim. Capitalism is for old folks these two write, “according to a Harvard University study, ‘only the age group above 50 years old contains a majority that supports capitalism.’”
Netflix: Spend, Borrow, Issue Stock, Repeat.
In 2015, Netflix’s negative cash flow was $750 million. Last year, negative cash flow was $1.47 billion and through 9 months this year, $1.3 billion. Be that as it may, the company just sold $1.6 billion of bonds with a yield of 4.875%.
Will People Die Soon Enough to Save Pension Plans?
Nevada PERs is thinking about making a change, from assuming 8% investment returns to 7.5%. The higher the assumed rate, the less future beneficiaries have to contribute.
The CNN Smearbund
And while CNN portrayed the proposed Pebble mine trashing miles of pristine salmon breeding grounds, the mine is to be located 100 miles away.
Local Housing Policy: A Libertarian Goes for a Seat on Charlotte's City Council
While Scott’s thoughtful free-market answers play well to the internet crowd, most locals want government to rule real estate with an iron fist, with their input, of course
Dutch Mania Again: Family Sells Everything to Buy Bitcoin
The Dutch (irony noted) family of five is getting rid of their 2,500-square-foot house, all their creature comforts, even their shoes and loading up on cryptocurrency’s #1 brand.
America's been there before: Opioids versus Alcohol
That’s 10,000 people a year. Significant, but small potatoes, compared to alcohol. According to the Center for Disease Control, from 2006 to 2010, an average of 88,121 people died each year from alcohol consumption.