Financial Markets
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Bitcoin and the Network Effects Problem
“There are steps entrepreneurs can take to help reduce the network effects problem. It is, nonetheless, an obstacle bitcoin must overcome to achieve widespread adoption.” ~ William J. Luther
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The Year of Corporate Discontent
“If you thought things were crazy on the corporate scene over the last few years, you should check out what happened in 1970. It is the stuff of blockbuster books and movies.” ~ Robert E. Wright
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Lessons from the Financial Instability Hypothesis
“The Covid-19 recession was not triggered by financial causes, but the ballooning government debt the U.S. is currently pursuing, recklessly and with a vengeance, can only substitute a new unsustainable expansion for a sustainable recovery.” ~ Robert F. Mulligan
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After Lockdown
“Risks remain and the prospects for the global economy after lockdown remain uncertain. Honest valuation remains difficult when markets are so hampered. The next decade is likely to favour the tactical investor.” ~ Colin Lloyd
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Hurricane Ida Threatens Global Plastic Markets
“Of the many industries which have been strained to the limit of their capacity over the last eighteen months, few have struggled as mightily as the resins and plastics sector.” ~ Peter C. Earle
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Stakeholders v. Stockholders
“Most investors don’t want the corporations they own to oppose X or support Y and those who do are free to reinvest dividends or the profits from stock sales in whatever lawful causes they wish.” ~ Robert E. Wright
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Decentralized Stablecoins: The Real Peer-to-Peer Electronic Cash Systems
“Bitcoin still has a role to play as a globally popular speculative token. It’s time for the decentralized stablecoins to take their place as the real peer-to-peer electronic cash systems.” ~ J.P. Koning
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The Lumber Market Crash
“Unfortunately, carefully considering trade-offs remains alien to the calculus of public officials. From utter scarcity to crushing abundance in less than 100 days, the lumber epic is entering a new phase.” ~ Peter C. Earle
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Book Review: Mark Spitznagel’s Truly Spectacular ‘Safe Haven’
“Mark Spitznagel certainly is not captive to convention, which is why Safe Haven is such a joy. To the author, ‘becoming conventional is self-defeating in this business.’ Amen to that. The world needs more people like Spitznagel, and more books like the one he’s written.” ~ John Tamny
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How Societies Save For an Uncertain Future
“This is the problem that all societies have tried to overcome – moving value through time and ensuring our individual livelihood when we’re too old to produce the value that sustains us.” ~ Joakim Book
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How Palladium Became a Target of Criminal Syndicates
“The over six-fold increase in palladium prices have led to organized criminal activity. But between natural scarcity, lockdowns, and increasing environmental regulations, innovation offers the only current promise of relief.” ~ Peter C. Earle
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Populist Prophets, Public Profits, and the Pied Pipers of Lucre
“Keith Gill and the WallStreetBets horde aren’t going anywhere, and their crusade is not unique. They are preceded by many other campaigns, the earliest of which were Thomas Lawson’s in early 20th century Boston.” ~ Peter C. Earle
