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 size of a large tech company, which was the… Continue reading Predictions for 2018

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 supported independence).The legacy of the Civil Rights Act, desegregation, integration… Continue reading The American Tradition of Waging Culture War

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 mentioned a week ago, Bitcoin does not solve any problem,… Continue reading Bitcoin SHTF mode

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 and that it would not pose a threat to the… Continue reading Another correct prediction: wealth inequality

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 cuts. Even though smart people such as Elon Musk, Bret… Continue reading Not worried about AI

The problem with Bitcoin is the only thing keeping the dollar afloat is irrationality, and the market can stay irrational longer than you can stay liquid. — Alrenous (@Alrenous) December 15, 2017 I don’t write as much about Bitcoin anymore, because it’s too volatile and the majority of people who are buying Bitcoin now are… Continue reading Bitcoin analysis

In part 1, I discuss the types of virtue signaling. In part 2, I’ll discuss why people virtue signal. The appeal of virtue signaling is that it confers an upside in terms of social status, but with comparatively little downside risk. The signaler gets the upside of appearing virtuous to his or her peers, but… Continue reading Virtue signaling, part 2

What became of the recession the left was so insistent would happen if Trump won? I don’t mind @CNNMoneyInvest being wrong; analysts can be wrong. The issue is why was the headline stating an opinion as fact? pic.twitter.com/QmAozDUAzh — Yossi Gestetner (@YossiGestetner) December 17, 2017 The left wants economic crisis and a bear market, so… Continue reading Surging stock market a vote of confidence for Trump, America

Ann Coulter continues to demonstrate her ignorance of politics: Less than 1/2 the country even pays any significant income taxes, so MAXIMUM POSSIBLE popularity of GOPs tax bill is 40%. Trump's immigration proposals are 80% popular. GOP: LET'S START WITH TAX CUTS! — Ann Coulter (@AnnCoulter) December 16, 2017 It’s funny reading the comments trashing… Continue reading Ann Coulter continues to demonstrate her ignorance of politics

In the past, I dismissed Paul Krugman as just another partisan liberal, but his recent podcast with Ezra Klein surpassed my expectations and I found myself agreeing with some of it, and much of it can be explained from an HBD-based perspective. Ezra Klein: Republicans are adding a trillion or more onto the debt over… Continue reading Boosting the economy through high-IQ investment