Overview: Today, we got the November Consumer Price Index (CPI) report which showed an overall increase of 2.7% for the last year and 0.3% for the month (annualizes to 3.7%). That’s above last month’s 2.6% and above the prior month’s 2.4%. It was in-line with expectations. The Core CPI which excludes food and energy was … Read more
The long-awaited moment came late last week when Bitcoin crossed $100k. Being a volatile asset, it’s already crossed that level multiple times in the few days since giving anyone who missed the first crossing ample opportunity to celebrate. Despite being wrong by 100x (10,000%!!!), Peter Schiff @PeterSchiff comes up with a novel excuse for why … Read more
Every few months, I see warnings that quantum computing is about to become a reality and that it will enable code breakers to solve password and encryption keys in minutes that previously would have taken millions or billions of years. This is a potential threat to Bitcoin, but somehow, people tend to focus only on … Read more
This week presents more evidence that a weak private market economy and inflation are taking an increased toll on the American consumer. Luxury sales are falling with consumers seeking out used and discounted items. While companies like $MSFT, $GOOG, and $AMZN buy more $NVDA chips to power AI datacenters, consumers balk at buying AI-powered electronics … Read more
