Plus, New Zealand Acts to Tame Inflation Welcome to your Sunday digest…my weekly breakdown of the things we’re thinking about and talking about in the Global Intelligence world. First up this week…a question. What’s the #1 advantage that traditional banks have over decentralized finance? Well, it’s certainly not returns. So-called crypto-banks—DeFi institutions that offer traditional financial services such as [Read More] …
“Diamond Hands”—The Key Thing You Need to Invest in Bitcoin
My Crypto Account Dropped by $60K…And I Didn’t Care I recently had a reader chide me. Several weeks ago, I shared my positive outlook on bitcoin—as I always do—when it was trading somewhere in the mid- to high-$40K range. Then bitcoin—as it always likes to do—promptly sank to the low-$40K range when China—as it always does—announced yet another yawn-inducing ban on crypto. [Read More] …
Could America Really Split Into Different Countries?
A Shocking Number of Americans Want to Break Up the U.S. It was just about 10 years ago. I was dining in Madrid at Sobrino de Botín, the oldest restaurant in the world, with a bunch of colleagues who’d gathered to think big thoughts about tomorrow. The question was asked. Best I can recall, it was something along the lines [Read More] …
“Geo-Arbitrage”: A Simple Strategy for a High-Quality Retirement
Today, I play the role of thief. I am stealing a word: geo-arbitrage. It’s a great word. I saw it in a story in Next Advisor, some kind of personal-finance website tied to Time magazine. Never heard of the site before. But it popped up in my newsfeed with a story about a guy who moved his family to the Carolinas from New York [Read More] …
Weekly Digest: What China’s Electricity Crisis Means for You and Me
Plus, the Fed’s Continued Newspeak on Inflation Welcome to your Sunday digest…my weekly breakdown of the things we’re thinking about and talking about in the Global Intelligence world. First up, this week…China. In September, China’s manufacturing purchasing managers index fell to 49.6. The PMI is based on surveys of senior executives across a swath of sectors and is a key indicator [Read More] …