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"We print money digitally. As a central bank, we have the ability to create money.” —Jerome Powell on 60 Minutes May 17, 2020 A trillion of anything is a big, big number. One...
Will opening up the economy lead to a second wave of infections and shutdowns? Or is the worst of the COVID-19 outbreak behind us? Will the nature of business investment and consumer spending be...
Thanks to COVID-19, the Chinese government may have found a new tool to track and restrict the movement of its 1.4 billion citizens. The New York Times reported Tuesday that Communist Party...
“Bad Boy” Elon Musk threatened to restart operations at his Tesla (Nasdaq: TSLA, Rated “D”) factory in California earlier this month. It was in defiance of California’s strict lockdown order to...
This week saw gold give back recent gains, but that’s okay. Nothing goes up in a straight line. If you’re smart — and you probably are if you’re reading this — then you know gold is in a big...
Bitcoin’s (BTC, Tech/Adoption Grade “A”) third halving is behind us, and crypto assets continue to adjust to a market changed by another hard-coded supply limit imposed on its biggest player. ...
The most bullish thing happening in oil right now is taking place far out at sea, hidden from the eyes of most investors. That seaborne event I’m talking about is the realization of storage for...
Figure 1. 3-month Treasury yields. Source: Federal Reserve Bank of St. Louis For most of this year and last, you’d have been lucky to earn a stingy 1.5% interest yield on the average...
There is no way around it. Platforms rule. Big technology firms are using their scale to effortlessly enter new markets and build new businesses. Just take a look at what happened on Tuesday:...
Close your eyes and imagine life during the global pandemic without the internet. Scary, right? COVID-19 accelerated a paradigm shift to XaaS, the delivery of everything as a service. And it’s...