Tens of trillions of dollars are locked away in accounts in the financial banking system that don’t pay any interest rate. That’s according to the latest report on the global payment systems by McKinsey. I make a habit of reading this yearly report, as boring as the title may suggest. I first wrote up the findings back in 2017. If you… Read More »
This story is the last in a series on stock market crashes. Part I is here, Part II is here Part III is here. You may think that the pandemic did enormous damage to the US (and world) economy, but the NASDAQ index says otherwise. Shutdowns of service industries for months because of lockdowns? Nothing to worry about. Disruptions in the… Read More »
(Note: Part I is here, Part II is here) It’s no coincidence that the stock market crash oftentimes signals the “end of an era.” In the roaring twenties, the big boys of the Dow were trains, utilities and mineral exploration companies. By the late thirties, car and plane companies took the stage. “Tech” also started to make its appearance as… Read More »
Who still has money left in the market? I don’t have much anymore. I bought some crypto at the beginning of February. This month is usually good for crypto. But Putin put an end to that. I don’t play the chart, I play the calendar. And March is traditionally bad. And history doesn’t repeat, but it rhymes. Most… Read More »
I like to sell off only half of an investment. Over the last year, since I started my newsletter service, I have written dozens of bulletins where I buy and sell, buy and sell. But I hardly ever sell it all. Most of the time, I sell half. I’m sure it’s irritating to some of my subscribers at… Read More »
I do a zoom update with my paid subscriber group every month. This is what I told them last week: Since 2015, there has been only one year when February did not show a month-over-month increase in the price of Bitcoin (2020) We have been in a bear market for three months now Crypto-bear markets lasting longer than… Read More »
