Tuning out of the news cycle

From Vox: On opioids, the White House keeps talking and planning — but not doing anything of significance Yeah, like a crisis that is decades in the making can be fixed in 2 months. Maybe Trump will get to it in 2018. Not exactly sure…

Empiricism , Time Preference, and Economics

Math and religion are framed by the left as being diametrically opposed, but both are attempts to explains things that do not readily yield themselves to the senses and immediate understanding and gratification. The third option, empiricism, is most closely linked with tribalism and primitivism…

2017: the year in review

2017 was an amazing year–if not surreal–in terms of stock market and Bitcoin gains. It was like every week making thousands doing nothing. As mentioned earlier, I expect the stock market to continue its surge in 2018, but am less optimistic about Bitcoin and other…

Nassim Tooleb Twitter: Best of

Many people turn to stand-up comedy for amusement. I read Nassim Taleb’s Twitter, which is an never-ending trainwreck of hilarity and stupidity: BITCOIN, 2 points: + Returns are not additive at high volatility: Something that is up 1000% then down 90% is net breaking even.+…

Merry Christmas is now ‘hate speech’

If the far-left wants to know why no one likes them (and why all their YouTube videos get inundated with down-votes and negative comments), look no further than the screenshot above, in which ‘Merry Christmas’ and related terms have been classified as ‘hate speech’ according…

Predictions for 2018

Bitcoin & crypto currencies: have likely topped out. A $600 billion dollar market cap (Bitcoin + alt-coins) is just obscene, even for a someone such as myself who has been bullish on Bitcoin as early as 2013. A $300 billion market cap for Bitcoin is…

The American Tradition of Waging Culture War

Waging culture war is an inescapable part of American history, as far back as the Civil War, arguably America’s first and by far bloodiest ‘culture war’ (I’m excluding the Revolutionary War, because America was still a part of Britain and most (but not all) colonists…

Bitcoin SHTF mode

Bitcoin getting clobbered…down 30% as of writing, making this the worst one-day decline in the history of its existence. Good thing I sold some in the $18k-19k range and warned people to be careful before buying, and not to subscribe to the dollar-is-doomed hype. As…

Another correct prediction: wealth inequality

In March 2014, after French economist Thomas Piketty released the English version of his doorstop of a book Capital in the Twenty-First Century (much of which has been discredited [even the NY Times admitted so]), I made two predictions: that wealth inequality would keep widening…

Not worried about AI

To say that the news cycle has been slow lately is an understatement. Tax cuts are happening. Even though the far-right is lukewarm about them, preferring a wall instead, ‘mom and pop’ Trump voters, which is a much bigger demographic, are enthusiastic about the tax…