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
