The World’s Largest Retailer Is Jumping Into the Metaverse Today’s trivia: It took 75 years for the telephone to attract 50 million users—the milestone considered mass adoption. The first iPhone needed roughly three years. Pokémon Go, the smartphone video game, needed just 10 days. Now, granted, there were population differences. But that’s not really the [Read More] …
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Weekly Digest: This Nightmare Scenario Could Hit the U.S. Economy in 2022
Plus China’s COVID Strategy Is Faltering Badly 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…the nightmare scenario for the U.S. economy. If inflation was the word on everyone’s lips in 2021, then the 2022 sequel could well be [Read More] …
Why I Expect Gold to Hit a New All-Time High Later This Year
The Fed Is Powerless to Stop Inflation Today we start with a stack of dollars bills—100 to be exact. They all belong to you. Because I’m nice, I’m going to give you $1. But, because this is a racket, you have to give me $7. That’s the game being played in the economy today as [Read More] …
I’ve Been Lying About My Childhood All These Years
Don’t Downsize in Retirement…Upsize to a More Rewarding Life It feels like I’ve been lying all these years. For most of my adult life, I’ve looked backed on my childhood growing up with my grandparents in South Louisiana and I’ve told people it was a lower-middle-class life. Vacation was never anything more than a couple [Read More] …
Video: Why PayPal And Others Plan to “Privatize” Money
Recently, we learned that PayPal is exploring the launch of its own stablecoin…a kind of cryptocurrency that shadows the U.S. dollar. This is part of a wider move among major financial institutions to launch what are essentially “privatized dollars.” So recently, I sat down with Field Notes Managing Editor Ciaran Madden to discuss exactly why [Read More] …