You might recall that on Saturday, I wrote to you about Iron. Finance and how Mark Cuban and I got wrapped up in a crypto disaster last week. (If you missed that dispatch, you can read it here.) Ultimately, I recouped nearly $500 of my original $545 investment. And you know what I did: I [Read More] …
The Great Resignation: Are 40% of People About to Quit Their Jobs?
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, we start with what economists are calling “The Great Resignation.” New data from the Department of Labor shows that U.S. workers are quitting their jobs in droves. According to the department, the [Read More] …
My Close Call With a Crypto Bank Run
Today’s missive comes with a warning label: Tread cautiously. Maybe you heard about a little kerfuffle billionaire Mark Cuban had in the crypto market this week. He put a bunch of money into a program called Iron.Finance that was offering interest-like income of tens of thousands of percent. You’ll find programs like this all over [Read More] …
Why Cryptos Will Make It Easier to Live Overseas
Earlier this week, I met up with my landlord for some beef stroganoff at an al fresco café in Prague. As we drained our beers and waited on our meal, we ended up in a discussion about how to efficiently move money across borders. It’s a common talking point between us. You see, he works [Read More] …
What the Price of a Beer in Prague Tells Me About Inflation in America
Sacre bleu (or the Czech version thereof)! A half-liter of beer at one of my favorite parks where I often write here in Prague is now 42 Czech crowns. It was 39. That’s a move up to about $2 from $1.86—a 7.7% increase. Of course, I am not worried. Why be? News outlets are telling [Read More] …
