In Which We Tempt Fate (Again) by Disagreeing with Nassim Taleb on Bitcoin
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Weekly Points – December 5th, 2024 – 5 Things to Know in Investing This Week – The Bitcoin to $100k Issue
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
Quantum Computing and Bitcoin
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
Weekly Points – November 15th, 2024 – 5 Things to Know in Investing This Week – The Everything Points to Inflation Issue
A while back, we tried to transition to more stock-related “Things” for this piece. Then, we get a week like this one where all the news is macro and inflation. We’re nothing if not flexible so that’s what we have this week. Inflation indexes come in above expectations and above last month. DKI warned the … Read more
Weekly Points – November 8th, 2024 – 5 Things to Know in Investing This Week – The President Elect Trump Loves Bitcoin Issue
The polls have been inaccurate for the past three US Presidential elections. Knowing that, DKI was watching Bitcoin, the prediction markets, and a few other select stocks and economic markers to see that a Trump landslide was coming long before the network announcers could do so. Could we get a sound money advocate as Federal … Read more
Weekly Points – October 18th, 2024 – 5 Things to Know in Investing This Week – The Central Bankers Are Delusional Issue
Central banks shatter irony meters as a Fed Governor insists they have unlimited dollars, but it’s Bitcoin that has no value. Not to be outdone, the European Central Bank lowers interest rates and at the same time, warns of coming higher inflation. They’d be better off admitting they’re trapped than saying nonsensical things in public. … Read more
Weekly Points – October 11th, 2024 – 5 Things to Know in Investing This Week – The We Warned You About Rebound Inflation Edition
Most of this week’s 5 Things relates to government mismanagement of the economy. We draw two conclusions. First, the government should involve itself in less of the economy. Second, we should have called this “The Government is Mismanaging Things Edition”. One month after DKI told you the Fed cut rates too soon, the Core CPI … Read more
Weekly Points – October 4th, 2024 – 5 Things to Know in Investing This Week – The Rising Price of Commodities Edition
Bank of America $BAC has an outage with customers showing balances of zero. The customers are horrified. Want to know why the Bitcoin community finds this hilarious? The answer is hubris. Japan communicates it is dedicated to keeping ultra-low interest rates. The yen predictably declines again. Costco $COST made a fortune selling gold bars. Now … Read more
Weekly Points – September 27th, 2024 – 5 Things to Know in Investing This Week – The Government is Trying to Control too Much Issue
The theme in the markets this week was all about increasing government control of the economy and the money supply. The Chinese government poured liquidity into their banking and housing sectors causing equity markets all over the world to rise. There’s new evidence that the government intentionally and unnecessarily killed Silvergate bank. We explain why … Read more
Weekly Points – September 20th, 2024 – 5 Things to Know in Investing This Week – The We Pivoted Bigly Issue
Years ago, President Trump talked about a change in tax rates that he described as “big league”. It was misinterpreted as “bigly” and a new word entered the lexicon. Last week, the Fed pivoted and cut the fed funds rate. This cut was more than two years after Fed doves and asset gatherers started begging … Read more
