The Federal Reserve concluded its last meeting of 2025 and as expected, lowered the fed funds rate by 25bp (.25%). In an increasingly more common event there was dissent. For years, any Fed Governor dissenting was unusual. Any arguments were held behind closed doors while the committee presented a unified face to the public. Today’s … Read more
Sorry about the click-bait headline; evidently social media is influencing me, regardless of how much I despise it. Right now, opinions on what happens next in the economy and the market are coalescing around four scenarios: Pour Gas on the Fire: More stimulus and an accommodating Fed lead to continued nominal growth and a … Read more
Andy Wang has been kind enough to have me on his excellent show, Inspired Money, several times including just last week. Here are some details and the link: When the financial markets feel chaotic, it helps to get insights from experts who thrive in uncertain times. On a recent episode of Inspired Money, host Andy … Read more
The government is about to use its incredible stores of data to feed advanced AI models. It could be effective in staying ahead of China, but there are some un-discussed security issues involved. Bitcoin has gone hyper-volatile again. Why does it keep happening at night on weekends? Does it matter? Multiple States are investigating buy … Read more
Bitcoin had been down about 25% from it’s all-time highs reached earlier this year before falling another 7% so far today. Today’s drop started Sunday evening NY time and is largely being attributed to higher interest rates in Japan, large and leveraged sellers, and the possibility the US Federal Reserve won’t cut rates this month. … Read more
I’ve spent two years warning about the massive spending on AI without a business plan to earn a return on that spending. The big tech companies that used to have pristine balance sheets are now taking on record levels of debt to fund their AI spending. In related news, Meta (Facebook) is going to sign … Read more
Hi All, I’m currently in Jerusalem and spent the afternoon at the Israel Museum where they have the Dead Sea scrolls. One of the scrolls written/copied 2,000 years ago is entirely dedicated to gratitude. I suspect that most successful nations, religions, and cultures make a place for expressing gratitude. In my opinion, our American version … Read more
