Another day, another China-inspired bloodletting in the crypto market. Maybe you saw—China is now pushing banks and financial-services companies to stop dealing with crypto altogether. Well, that freaked out a market already more jittery than a meth-head going through withdrawal. Bitcoin dropped $10,000 in a day—about 25%. Ethereum lost about 17%, dipping below $2,000 for the first [Read More] …
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Does Your Broker Have Your Best Interests at Heart? It’s Complicated…
I don’t know if this is still a TV commercial in America, but maybe you remember it. Some random guy successfully operates on a patient in a surgery suite, then lowers his mask and a nurse says, “You’re not Dr. Stewart.” “No. But I did stay at a Holiday Inn Express last night.” That image—the [Read More] …
How I’m Earning 204% Interest (That’s Not a Typo)
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] …