I pulled out my magical Way Back Machine for today’s dispatch. Our destination: June 29, 2007. It’s a Friday. The Standard & Poor’s 500 closes in the red. In reports wrapping up the day’s trading, most financial news sites don’t mention that one of the biggest events in modern history is slated for 6 p.m., out on the West Coast: Apple [Read More] …
An Economic Hurricane is Looming on the Horizon
Testing the generator and filling a few spare gas cans… Those were the primary checks on my to-do list when I lived in south Louisiana and a hurricane was bearing down on the bayou. At the moment, there’s no ‘cane to worry about. At least not meteorological. There is, however, a potential financial storm a’brewing and it could very well blow up into an [Read More] …
In Debt They Trust: The Fed’s Crippling Addiction to Cheap Money
Let’s see if we’ve got this right: The U.S. economy is roaring ahead…yet it’s too weak to stand on its own, so the Federal Reserve needs to pump $80 billion a month into the economy through bond purchases to help an economy that needs no help. The U.S. housing market has gone full “Charlie Sheen on a bender”…yet [Read More] …
Weekly Digest: Earning Big Returns on Real Estate in Europe
Plus BlockFi Faces Scrutiny From Regulators Welcome to your Sunday digest…my weekly breakdown of the things we’re thinking about and talking about in the Global Intelligence world. This week’s update comes to you from one of my favorite writing spots…a cozy little bar/restaurant called Café Blatouch. It’s located along a small traffic circle in a chic neighborhood in central Prague filled with modern restaurants of almost every type. Blatouch aside, there’s also French, Italian, and vegan establishments [Read More] …
What Elizabeth Warren Doesn’t Get About Crypto
My Open Letter to the Crypto Naysayers Note to Readers: If anyone knows Massachusetts Sen. Elizabeth Warren, maybe slip her a copy of today’s dispatch. Dear Sen. Warren (and other crypto naysayers), I know you established yourself as an advocate for the “little guy” trying to navigate the shark-infested financial markets. I know your career has been built on attacking the financial-services industry and Wall Street for [Read More] …