Welcome to your Weekly Digest! First up this week is that container ship crash in the Suez Canal. I’m sure you’ve seen the images. A ship the length of the Empire State Building got turned sideways going through that crucial, extremely narrow waterway linking East and West…blocking any ships from passing. Last I checked, it was holding up an estimated $9.6 billion in goods every day, [Read More] …
How I’m Shielding My Nest Egg From the Impending Market Crash
There comes a moment in Samuel Beckett’s play, Waiting for Godot, in which a character known as Pozzo announces “I am blind!” Estragon, one of the two main characters, ponders this for moment, and then casually suggests, “Perhaps he can see into the future.” Of course, Pozzo cannot see into the future. He’s just a foolish aristocrat playing at being important. [Read More] …
These New Crypto Tokens Are Going to Change the World
Let me start today’s dispatch with a question: It’s Friday night. You put on a black dress. Where are you going? I’m betting most people will say “party.” And that’s a fine answer. It’s the right answer in the context of today’s missive. But just as easily you could be a widow headed to a wake for your [Read More] …
Why Stock Trading Apps Are Destroying the U.S. Economy
I blame Robinhood… By which I mean the stock trading app, not the legendary English outlaw famed for meting out vigilante justice in the vicinity of Sherwood Forest. No, today the target of my ire is Robinhood Markets, Inc., a financial services company offering commission-free online stock trading through its hugely popular app. It has [Read More] …
Escape Groundhog Day and Put Some Excitement Back in Your Life
“What do you miss? What can I send you?” my friend asked as we wrapped up a Zoom call last week. I spent an hour or so teaching her how to invest in cryptocurrency and she wanted to offer me something for my time. I drew a blank. I stammered for a moment. “Come on—you have to miss something?” I mean, yeah—I miss my [Read More] …