Another Corporate Giant Embraces the Future of the Internet Hungry? How about a digital hamburger? Yep. Digital food. The granddaddy of fast-food chains, McDonald’s, has announced that it is going into the metaverse. The burger behemoth has filed patents for a host of non-fungible tokens (NFTs) for everything from digital food and drinks, to virtual [Read More] …
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The Next Great Oil Boom Is About to Begin
A Major Flaw in the Global Oil Sector Means Prices Will Hit Record Highs I was a writer during dark days. This was the early ’90s in Texas. The oil patch. Another oil bust was playing out. Banks were failing. The savings and loan crisis was still ongoing. Oil prices had plunged into the mid-teens [Read More] …
Weekly Digest: The Reason for Facebook’s Epic Market Collapse
Plus, Another Wall Street Giant Is Reportedly Jumping Into Crypto Welcome to your Sunday digest…my weekly breakdown of the things we’re thinking about and talking about in the Global Intelligence world. We kick off this week with our first big number…$232 billion. That’s how much Facebook’s market capitalization fell by on Feb. 2 when the [Read More] …
Why Crypto-Banks Will Go Mainstream This Year
The Fed Can’t Solve the Inflation Crisis Another month, another hot inflation number. I have a solution to it, but more on that in a moment. For January, inflation hit 7.5% on a year-over-year basis, the highest reading in four decades. No signs yet that this is transitory, as the Federal Reserve once promised. In [Read More] …
The Dollar Is Gonna Be the Last Place You Want to Keep Your Money
Time to Load Up on Precious Metals In the movies, the third act is always the same: Ever-increasing stakes that escalate to the point of failure before the hero steps up, takes the reins, and repairs everything that’s falling apart. At the end of January, the stakes in America ratcheted higher once again as the [Read More] …