Category: News Wire

Friday Feedback: The “Sympathy For The Oil” Edition Please allow me to introduce myself. I’m a commodity of wealth and taste. I’ve been around for a long, long years, stole many a man’s retirement. I was around when Jimmy Carter had his moment of doubt and pain. Made damn sure that Iran closed its ports and sealed its fate… Pleased to meet you, hope you guess my name. Nice lyrics Mr. Great Stuff … but what’s puzzling me is the nature of your game. Today, Great Ones, the nature of the game is Friday Feedback … as if you couldn’t[…]

Shortages in physical goods are everywhere. We’re already hearing warnings that the limited number of ocean shipping containers will make holiday shopping difficult this year. Lack of materials is hurting homebuilders. The price of beef is rising because there just isn’t enough for everyone. Many believe we have COVID-19 to blame for this. But there is something far more sinister going on here. In today’s video, I pull back the curtain to reveal the real culprits behind these shortages … what we can expect going forward … and how we’ll all pay the ultimate price. Our Affluence Economy We take[…]

Bitcoin’s Technical Savior If you’ve seen “El Salvador” more this week than you have in your entire life, well, I take it you don’t live there. And if you are a Great One living down in El Salvador, why in the world have you not dropped by our inbox to say howdy?! Wait. Hold on a minute. Where are the lyrics? The Reader Feedback? Did I fall through a time warp? You did, and I hope you didn’t forget to pull your knees in tight. You see, Thursday is now Friday. It’s just a jump to the left. Friday is[…]

In the U.S., Tuesday marked the return to work after the long Labor Day weekend. But in El Salvador, it was Bitcoin Day. The Central American country celebrated the first day it officially recognized bitcoin as legal tender. It’s the first nation in the world to do so. Starting on Tuesday, Salvadorans could use a digital wallet app on their smartphone called Chivo to shop at stores and restaurants around the country. To help kick off Bitcoin Day, the El Salvador government gave $30 in bitcoin to everyone who signed up on the app. It also installed 200 ATMs that[…]

What A Tangled Web We Weave… Great Ones, today we’re talking about billionaire investor Mark Cuban and his spat with the SEC. But first … did y’all see the new Spider-Man: No Way Home teaser trailer? Spoiler alert! I’ve watched this trailer way too many times, which directly shows (or hints at) the following appearances: Dr. Strange, Doc Ock, Green Goblin, Electro, Sandman, Lizard and Black Suit Spider-Man. What in the name of Madam Web is going on?! This looks epic! Kudos, Sony (NYSE: SONY) and Disney (NYSE: DIS). All right … Mark Cuban is no Spider-Man. OK, maybe he’s[…]

Over the past few months, there has been an influx of doom-and-gloom articles claiming home prices are in a bubble. Frankly, I don’t think the claims could be further from reality. That’s because measuring value is all about perspective. When compared to historical home prices, current home prices may seem expensive. In fact, the Shiller Home Price Index is 38% higher than it was at the height of the 2006 housing bubble. But if you consider factors like rising rent prices, wage inflation and a rapidly expanding money supply, the housing market has been modest in recent years. In the[…]

Today’s Take: The right CEO makes all the difference. Warren Buffett says that CEOs aren’t selected like Olympic teams. There’s no uniformity in top quality. Yet investors treat them as if they’re all the same, like lightbulbs. If Amazon’s Jeff Bezos, Microsoft’s Bill Gates or Google’s Larry Page were starting a new venture … all you’d need to do is tell me where to send the check to. You wouldn’t even have to tell me what business they were going into. It really wouldn’t matter to me. I know they’d be successful based on their track records. That’s because I’ve[…]

One of the first principles they teach in any Economics 101 course is that price is a function of supply and demand. Put simply… When supply is decreasing and demand stays constant, prices go up. When supply is increasing and demand stays constant, prices go down. The price of any good or service arrives at the intersection of supply and demand. This simple economic concept explains Ethereum’s recent price rise and why it could be setting up for a big rally into the end of the year… Ethereum’s Huge Upgrade Ethereum’s price is rising because there’s increasing demand and diminishing[…]