Finance: How did FTX happen?
And that’s where the danger comes in. Because it’s not just hypocritical to act like capitalist accumulation is altruism. It’s also a great way for people like Bankman-Field to avoid…
Finance: Are you saving too much for retirement? Probably.
Previously: The fundamental question is – “Should you save when you are relatively poor so you can have more when you are relatively rich?” This week: This week’s latest on…
Finance: Inflation as a wealth tax on all, to cut Federal debt
For all the attention that soaring inflation has gotten this year, one of its most surprising direct offshoots has gone largely unnoticed: US government debt is shrinking rapidly. Not in…
Finance: Beyond Meat’s share price in long decline
Beyond Meat hit a high of $194.95 but now trades at about $22/share. Challenges: Product costs +70% more per pound than genuine meat Consumers turned off by high prices Sales…
Possibly: “Are you saving more than you need for retirement?”
As previously reported, most professionals and college educated are over saving for their retirement years, and in so doing, are forgoing other beneficial life experiences earlier that they may not…
NFT trading market suspends sales due to fraud
The platform which sold an NFT of Jack Dorsey’s first tweet for $2.9 million has halted most transactions because people were selling tokens of content that did not belong to…
Gallup poll: “Americans Revert to Favoring Reduced Government Role”
Likely an effect of authoritarian rule the past 19 months: Americans once again say the government is doing too many things that should be left to individuals and businesses. Source:…
Taleb says bitcoin effectively worth zero
People also conflate the success of bitcoin as a digital currency with the success of bitcoin as a speculative investment. To be a currency would require it to have some…
Does auto-enrollment in retirement plans make sense?
Source: A new law would require employees to save for retirement – MarketWatch The law would mandate automatic payroll deductions of 3%, rising 1% per year until 10% is reached…
1 in 12 adults in the U.S. is a millionaire
And you know that many will spin this as a negative: Modern millionaires: How a percentage of Americans made their millions More than 8% of adults in the U.S. have…