Change happens, whether “the system” likes it or not. Of course, the system is always late to the party. At first it refuses to go. Then it sees that the party is happening, even as it insists that the party is altogether stupid. Then…well, the system joins the party, pretending all along that it knew this was going to be the [Read More] …
Is Congress About to Blow Up the Economy? Yes, It Appears So…
With apologies for stealing from a dead guy (New York Yankees great, Yogi Berra), “It’s like déjà vu all over again.” Just over a decade ago, late-summer 2011, America awoke on a Monday morning to stunning financial news. For the first time in history, bond-rating service Standard & Poor’s had downgraded America’s debt to AA+ from AAA. Doesn’t seem like much, like getting [Read More] …
How the Crypto Revolution Will Transform Real Estate
I have a friend. She’s in real estate. She’s mad at me. She asked me about earning 10% annual interest in a crypto-savings account. I sent her a copy of the special report I wrote on decentralized finance and crypto-banks such as BlockFi for subscribers to our monthly Global Intelligence Letter. I also told her I thought her industry was about to go through [Read More] …
Weekly Digest: Why Crypto Will Never Be Banned in the U.S.
Plus All the Signs Say Inflation Is Here to Stay 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…crypto. One of the biggest concerns I hear among newcomers to crypto investing is that the government could one day simply ban cryptos like bitcoin and Ethereum. I understand why people [Read More] …
El Salvador’s Adoption of Bitcoin Is the Start of Something Much Bigger
Rain on your wedding day. If you believe in old wives’ tales, clouds spitting down on your “I do” is a favorable sign of fertility, cleansing, and unity for a new marriage. Now, I’m wondering if there is a cryptocurrency equivalent: Pain on launch date equals good fortune. To wit, I present…El Salvador. I’m sure you know the news: The tiny Central American nation recently adopted bitcoin as legal [Read More] …