Tag: Economy
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Venture capital funding is growing at an incredible rate. The money pouring into early stage startups, my playground, has increased by billions of dollars per quarter just since 2020. I see the perverse results of this cash flood every day. Here are a few, from just this week alone: 1)…
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Imagine you’re running a marathon. You’ve led the whole race. But a strong runner is coming up on your right. The finish line approaches. Suddenly, there is a loud “crack.” The other runner has been shot in the head. You win. This is essentially what has happened to the Chinese…
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Major news over the holiday weekend as the Chinese government required all app stores in China to remove the Didi Chuxing app. Didi is the Chinese equivalent to Uber, and dominates shared rides in the country, along with a major presence abroad: China has ordered app-store operators to remove the…
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Bitcoin is often referred to as digital gold. Unlike fiat money such as the US dollar, its supply expands at a slow, steady rate. The Federal Reserve has printed so much money during the COVID crisis that money supply is up over 25%. This has led to fears of inflation.…
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+ Bitcoin, Blockchain, BTC, Crypto, Cryptocurrencies, Cryptocurrency, Economy, Federal Reserve, Finance, Inflation, Money, Personal finance+
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Nestled in the Austrian Alps is the tiny village of Worgl. In 1932, as the world economy was in the depths of the Great Depression, Worgl too had fallen on hard times: What followed was one of the most radical economic experiments in history. The town created a new form…
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As the Suez Canal, chokepoint for 15% of world shipping, was cleared today, I thought of another time it was blocked. Not for a week, but for 8 years. Following the Six Day War in 1967 between Egypt and Israel, Egypt blocked the canal to prevent Israel from using it.…
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A huge untold story of the world today is how far Europe has fallen behind the US economically in recent decades: Here are the 2019 numbers (in 2019 dollars, again World Bank) US: $65,297. UK $42,330. That’s 35% less than the US. Or, the US is 54% better off than…
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Government bond yields are increasing in many countries, including the US. Australia is already taking action. Europe and Japan also appear to be close: This morning, Australian three-year government bond yields reached as high as 0.15% at the market open, far above the 0.1% ceiling established by the Reserve Bank…
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Treasury bonds have been falling hard lately. Their interest rates are up significantly as a result: The yield on the 10-year note, a bellwether for borrowing costs on everything from mortgages to corporate loans, has jumped to near 1.5% from around 1% in a matter of weeks, lifted by increased…
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+ Business+ Bonds, Economics, Economy, Federal Reserve, Finance, Inflation, Interest rates, Markets, News, Treasuries+
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Tremendous 