1931, 1972,2001,2008, 2022.. I’ve lost count of how many charts I’ve looked at this year that compare the stock indices of 2022 with 1931 (or 1972, or 2008…) I get it. We are in a bear market. And we are waiting for the crash. But how do we know when the train has really fallen off tracks and over the cliff?… Read More »
What caused the Great Inflation of the 1970s? Most crypto enthusiasts would say it was the collapse of the Bretton Woods Agreement in 1971 when Nixon took the US dollar off the gold standard. But the Bretton Woods collapse was only a symptom. It did not cause the economical turmoil of the seventies, such as the Sterling crisis of 1976 (almost bankrupting… Read More »
Everybody is talking about 2008, 2001, or even 1931. The year of bad stock market crashes. Because the bears are out and saying 2022 will go down in the history books as one of “those” years. But nobody is talking about 1982. That’s the year Paul Volcker jacked interest rates to 21%. That’s important because Jerome Powell has… Read More »
s the market going to tank? Everybody is asking that question or trying to answer it. But not me. I’m asking a different question. Is the market going to go up in September, and September only? Both questions sound very much like the same thing. But there is a subtle difference. An important subtle difference. Because when you ask… Read More »
I spent a week with family and friends in Osoyoos, which is in the heart of British Columbia’s wine country. The wine tastings were extravagant and generous, as we had a friend who is a sommelier accompany us. We stayed at an accommodation booked through VRBO. I prefer VRBO over Airbnb as I find the listings to be… Read More »
Numbers don’t lie. In the last three month, the price of bitcoin dropped by more than half and that is the worst quarter ever. https://analytics.skew.com/dashboard/bitcoin-spot Now, if you have been in crypto for more than a decade, you could call me a liar. From August 2011 to October of the same year, bitcoin fell from $8.21 to $3.15,… Read More »
