This is a tale about risk, hubris, and disaster.
The entire SPAC mania has died down, and for good reason.
There is an overarching issue I haven’t been able to get off my mind: Are we at the beginning of a new cycle or in the waning days of the previous multi-decade cycle?
Despite their hollow bleatings about ‘doing all we can to achieve full employment’, the Fed’s policies has been Kryptonite to employment, labor and the bottom 90%–and most especially to the bottom 50%, the working poor that one might imagine most deserve a leg up.
It all started the day after the election (reminder: we don’t talk politics here; I am simply putting a stake in the ground with respect to a date). After the Presidential election was over, the market starting going from Insanely High to Lau…
This is a good real-life example of how charting can be very helpful in giving warnings that something is going wrong. Below is the chart of DraftKings (DKNG) without the past couple of months. This stock was one of the very few SPAC offerings whic…
Demolishing American middle class… one year at a time
OK, at long last, the trendline from the March 23rd bottom has broken. This is an important and unprecedented event.
Non-fungible tokens (NFTs) are possibly the most cryptic crypto trend at the moment. These blockchain assets are based on songs, pictures or videos, which are assigned unique, non-exchangeable or replicable blockchain addresses. These addresses can be …
Around the edges, this laughably overvalued stock market is beginning to fray.