Month: March 2023

Last week Silvergate Capital, a bank that is involved with crypto lending, plunged 60% on fears of defaulting. Bitcoin fell 5% in sympathy on the news, compared to the Nasdaq which was up 2% that Friday. My prediction of Bitcoin going back to $17k and or lagging the Nasdaq is coming true, as I said… Continue reading The collapse of crypto shows the limitations of expertise and track records

Came across this on Reddit, Poll shows half of Americans believe news media is intentionally misleading: 50% feel most national news organizations intend to mislead, misinform or persuade the public. 50% say there is so much bias in the news media that it is often difficult to sort out the facts. I don’t want to… Continue reading The media has only itself to blame for people not trusting it

Tyler Cowen entertains an unpopular hypothetical, A view that hardly anyone embraces. The depressing reality is that a lot of people are a net-negative on society, or so called zero-marginal productive people. Although the ‘official’ unemployment rate is 3.7 percent, the lowest in decades, when you include people who are chronically unemployed and or who… Continue reading Zero-marginal productive people, and healthcare rationing

Another huge week for META (formerly Facebook), up to $177/share compared to the Nasdaq being down 4%. This is a huge outperformance, and suggests significant relative strength on the part of META stock and its business. It’s going back to $350 soon, and then $500+ , and so on. Own FBL with is a 1.5… Continue reading Update: META stock keeps going up, $350 soon