Tesla CEO Elon Musk (not a founder as he claims) admitted he does not enjoy being CEO today in the SolarCity trial. The Teflon will eventually wear off of pied piper Elon Musk. Mr. Musk was accused of fraud by the SEC in 2018 and was subsequently in violation of his SEC settlement. Mr. Musk … Continue reading Why Would Anyone Follow Elon Musk Into Battle?
Since last year we have held the view that the retail investor has piled into the riskiest assets whether they be cryptocurrencies or profitless, high-multiple Technology stocks. This retail phenomenon was powered in large part by Federal Pandemic Unemployment Compensation benefits (part of the CARES Act), which drew a new investor class into the market. … Continue reading What Will Happen to Crypto & Risk Assets When COVID Unemployment Benefits Expire?
A U.S. CBDC Means Less Privacy for Americans, More Competition for Banks, End of Days for Crypto. (Tickers mentioned: JPM, BAC, WFC) On Thursday Federal Reserve Chairman Jerome Powell made a statement about the Fed's progress in exploring a U.S. CBDC ("Central Bank Digital Currency", see the below video). Powell assured viewers that a U.S. … Continue reading A Digital Dollar Is Coming