When it comes to determining a fair value for equities, interest rates are an important variable to consider. As rates rise or fall, they affect the appropriate valuations for different stocks in different ways. This article provides a brief overview of how that works. The Equity Risk Premium Equities are not […]
The anonymous founder of Bitcoin, Satoshi Nakamoto, solved the hard problems associated with digital scarcity with a white paper in 2008, and launched Bitcoin in 2009. After that invention, numerous other projects came in its wake. There are now over 8,000 separate digital assets that CoinMarketCap recognizes. Of these, Ethereum […]
Lately, it has become fashionable to debate what is, or is not, “money-printing” by central banks. This debate is natural, due to the extreme policy nature of 2020, with massive fiscal expenditures, huge increases in central bank balance sheets, and changes in central bank inflation targets. It’s important to know […]
It’s often said that time is money, but I don’t think that’s precise enough. The way I see it, energy is money. The more you can accomplish in a certain amount of time, and the more “hustle” you have in general, the more you can get done and the more […]
Since autumn of 2019, I’ve been bearish on the dollar, meaning I have a longish-term outlook towards a weaker dollar. This view began forming when the Federal Reserve cut interest rates in summer 2019, and then the view solidified with a catalyst after an overnight repo rate spike in September […]
Lately, it has become fashionable to debate what is, or is not, “money-printing” by central banks. This debate is natural, due to the extreme policy nature of 2020, with massive fiscal expenditures, huge increases in central bank balance sheets, and changes in central bank inflation targets. It’s important to know […]