Some Waves In Crypto
This week, British regulators struck out at the exchange Binance and said it couldn’t operate in the UK anymore. It was a body blow to Binance, but it won’t be fatal. The initial trouble was figuring...
View ArticleWhen To Lock In A Mortgage?
Yesterday, a commenter mentioned that they had a variable rate mortgage and were wondering when to lock-in. I don’t think they are alone. I suspect in this housing frenzy, a lot of people got...
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Welcome to the 1970s
I am old enough to remember the 1970s. They were my formative years. For most people, it’s just ancient history. Maybe Sansabelt pants with plaid patterns will come back in style. I graduated from...
View ArticleInflation, or Is It Inflation?
The Gravedancer, Sam Zell, bought gold. For a second I thought he was watching a lot of Fox News. But, he said it was a hedge against inflation. He’s seeing a lot of inflationary pressure in...
View ArticleThe Life of a Dollar, Taxes and Wealth Creation
Last night, Biden’s speech was really good, if you are a socialist. If you are interested in raising standards of living and wealth creation, it was a disaster. Because the envy game is played so...
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Should College Athletes Get Paid?
A fascinating case before the Supreme Court of the United States this week on whether NCAA athletes should be able to be paid or not. There is an article in the WSJ but I feel like it’s not deep...
View ArticleSome Interesting Interest Rate News
A friend of mine alerted me to this. Billionaire hedge fund manager Seth Klarman says that the actions by the Federal Reserve have taken away the price discovery function of marketplaces. He’s...
View ArticleSocial Media and Taking Risk
My wife alerted me to a piece someone wrote. I would encourage you to read it and re-read it. Here is the link. It’s about how everything in America is broken. After this past year, I think you will...
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Silly Journalists Facts Are For Kids
Yesterday I saw an article from Bloomberg that talked about how a meat plant in South Dakota had an incidence of Wuhan Flu. Smithfield shut the plant down. South Dakota doesn’t have a lot of the same...
View ArticleWhat’s the History? What’s Next?
This is a great video for anyone that has a lot of fear around the virus. If you mostly listen to MSNBC, CNN etc give it a try. It will confirm some things you might believe, but it might also...
View ArticleCharlie Evans Chicago Fed
Yesterday, the Economic Club of Chicago did a webinar with Chicago Fed Chair Charlie Evans. Donna is a friend of mine. She is not a Democrat, but I wouldn’t characterize her as a hardcore right-wing...
View ArticleAll Good Things Must End
My wife and I left Chicago for Las Vegas on Feb 8th. For the past several years, we always leave Chicago in the winter. Part of it is we are sick of being cold and part of it is we are investigating...
View ArticleReal Damage
One of the aftershocks of shutting down the economy is the real damage it’s doing economically to people. Suicides are up. People out of work lose hope. The rampant uncertainty is causing real...
View ArticleWhat’s The Probability You Will Die From Coronavirus?
The news reporting still mostly sucks when it comes to coronavirus. I watched Governor Andrew Cuomo’s press conference the other day and he did a very good job. Put on the comforting Italian father...
View ArticleSledgehammers or Scalpels
Governors have shut their state economies down. I understand their panic. But, as the data starts to roll out it looks like they should adapt their decision making. For example, in my home state of...
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Bailing Out Corporations
Watching this whole thing unfold, I realize how uninformed a lot of people are when it comes to finance or running and operating a business. It’s one of the reasons Holberg Financial exists. They...
View ArticleMr. Market And Coronavirus
Whoosh. Markets always drop faster than they rally. Don’t know if you looked at your brokerage statement but I looked at mine and I am worth a bit less than I was a week ago. As TastyTrade‘s Tom...
View ArticleWhen You Ask For Regulation, It’s Not Altruistic
The tech giants understand they probably have a losing hand fighting regulation from Washington. When Elizabeth Warren of the far far left wing and Josh Hawley of the right wing are talking about...
View ArticleThe Left Field Things Are Straws That Break Camel’s Backs
How do things go bad? It is usually not the thing staring at you in front of your face. You know about that problem. Maybe you are having trouble dealing with it. Or, it’s taking time to take care...
View ArticlePackaging, Garbage, Recycling and Regulation
The other day on Twitter I was chatting with my friend Arnold. We were chatting about packaging. Both of us are concerned about all the plastic in the ocean and in the environment. Now that China...
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