Interest Rates Have Been Rising…Significantly
02/25/2021 7:01 AMRecord low borrowing rates have impacted housing, stock prices and deficit financing. Government borrowing costs a lot more today than borrowing just a few months...
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Berkshire Hathaway Vice Chairman warns of market ‘frenzy’; frowns on gambling mentality, bitcoin, SPACs
02/25/2021 8:30 AM(Reuters) - Charlie Munger, the longtime business partner of Warren Buffett, on Wednesday warned that the stock market bears signs of a bubble, reflecting a “dangerous” mentality among some investors to gamble on stocks as they would horse races. Munger, 97,...
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The fundamental numbers still don’t make sense
02/25/2021 7:49 AMGameStop’s Roller Coaster Ride Resumes GameStop GME +35.7% had another huge move up on Wednesday after the company announced the CFO was resigning the company. Normally a stock declines when a CFO suddenly departs but GME increased over 100% yesterday, moving from...
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“You weakened the power the minister has because Facebook bullied you”
02/25/2021 7:36 AMAustralian Senator Slams Government For ‘Buckling’ To Facebook An Australian Senator has slammed the government there for agreeing to weaken a new law that would see Facebook have to pay for news content, after the social media site blocked all news, as well as...
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Schacter’s Eye on Energy – Feb. 24th
02/24/2021 1:05 PMThe Arctic Polar Vortex brought near century lows in temperatures last week to most of North America with frigid temperatures that knocked out electricity grids. Texas was the hardest hit with water, heat, refineries and power out due to the freezing temperatures. It...
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$100 Oil?
02/24/2021 7:46 AMOil prices could go as high as $100 a barrel next year on the back of “very easy monetary policy” and reflation trade, Amrita Sen, chief oil analyst at Energy Aspects, told Bloomberg in an interview. “It’s a futures market, we always discount stuff that’s going to...
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Hong Kong Market Tumbles After “Shock” Transaction Tax Hike To Pay For Government Handouts
02/24/2021 7:38 AMIs Hong Kong a harbinger of what is coming to the US? With speculation growing in the US that in the aftermath of the Robinhood scandal, the Biden administration may pass a transaction, or "Tobin Tax" demanded by progressive democrats (according to a 2018 CBO...
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A Long Road Ahead to End Bullying
02/24/2021 7:08 AMThe cancel culture, doxxing, violent protests are all reminders that the work to end bullying and the disrespect for others that is at the heart of it has a long way to...
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1 billion people will store life savings on their phone in Bitcoin by 2026 — MicroStrategy CEO
02/23/2021 8:37 AMSaylor: Billions will choose Bitcoin for savings Saylor was speaking a day after United States Treasury Secretary Janet Yellen described Bitcoin as "inefficient," comments that accompanied a price dip of over 20% from all-time highs of $58,300. For him, however, the...
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Facebook reverses Australia news ban after government makes media code amendments
02/23/2021 8:11 AMFacebook will restore news to Australian pages in the next few days after the government agreed to change its landmark media bargaining code that would force the social network and Google to pay for displaying news content. Last week, Facebook blocked all news on...
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