Posts from January 2018

The Crypto Repo

One of the hallmarks of a liquid market is the ability to short.  Unlike most people, I don’t see shorting as bad or good.  It’s a function of a market and can bring a lot of discipline to a marketplace.  …

Driving West on Friday

My wife and I generally get out of Chicago for a month now that the children are moved out and on their own.  When we go, we usually drive.  We own a diesel and bought it in 2009.  It has …

Some Good News For Chicago Tech

Yesterday Chicago tech got some good news.  Foursquare is going to build out their engineering team here.  It’s good they are recognizing that there is talent here.  They didn’t mention it in their Medium post, but the University of Illinois …

Didn’t Realize Governor Cuomo Was This Unintelligent

The state of New York’s Governor Cuomo is upset at the tax bill.  All of a sudden, New York citizens of are going to realize the high taxes they pay aren’t subsidized anymore by the rest of the United States.  …

We Don’t Teach Basic Finance In School

It is sort of amazing that in America we don’t teach basic finance in public high schools.  I remember I had to take a required class in personal finance at my high school.  It was taught by a teacher that …

Basic Economics and Basic Business

One of my favorite lines is from Professor Paul Magelli.  He said, “If you don’t make a profit, it’s not a business it’s a hobby.”  Another friend, Jeff Minch, who writes at The Musings of The Big Red Car will …

Bitcoin Value Drops But It Doesn’t Matter

Bitcoin futures at the CBOE are trading just above $10,000.  I think they will trade below $5000 and probably settle below there by the end of the year.  Futures markets have a way of disciplining cash markets.  If they add options …

Should Google, Facebook and Other Large Tech Firms be Broken Up?

There is a debate going on in a lot of different circles around the power of certain tech companies. Some people think that they influenced the election because Russians took over their platforms. Liberals I know think they should be …

1-12-2010

Ha, I just noticed I have been blogging for 8 years.  I started on Jan 12, 2010 and my first post was about the ineptitude of Tim Geithner at the US Treasury.  I had written a couple of articles for …

There Is One Bear Market

With the continuous record highs being set in the stock market and crypto market people might wonder where to find a bear.  Tim Knight at Slope of Hope might be the last bear left on the planet.  The rest have …

Suits and Ties

I saw on Twitter that my friend Joe Brusuelas was going to do some damage on Savile Row in England.  I was a bit jealous.  He got some shoes made in Florence too.  I love clothes but never buy them.  …

Shooting Free Throws

  Free throws are a free shot.  No one is guarding you.  I cannot for the life of me understand why free throw percentages are so low.  They don’t call it the charity stripe for nothing.  If you are a …

Different Looks At Bitcoin/Blockchain

My friend Nilesh posted this: I remember walking back from a conference at the European Central Bank in late 2008 accompanied by the then Head of Risk Management for the ECB. We discussed what the long-term impact of the Global …

Things That Make You Go Hmmmmm

Kodak. Kodakoin. Utilizing blockchain technology, the KODAKOne platform will create an encrypted, digital ledger of rights ownership for photographers to register both new and archive work that they can then license within the platform. With KODAKCoin, participating photographers are invited to take …

Growth Next Year

The Trump tax cut became law this year.  Most of America got a tax cut.  I was glad to see the SALT subsidy go away.  If you are feeling the pain of losing the subsidy, contact your local politicians. They …

The Broken Record Market

Millennials don’t remember broken records. When your vinyl got a scratch on it, the needle would keep jumping and play the same song or note again. It was irritating which is why the phrase, “a broken record” is a sign …

Taking A Break From Seed?

I lifted this from Fortune’s Term Sheet. FIRM NEWS: Term Sheet has learned that Arena Ventures, the Los Angeles-based early-stage venture capital firm, is pausing seed investing “until the seed market corrects.” Arena managing partner Paige Craig sent out a …

The Cold

Most of the nation has been in a deep freeze.  No surprise and I don’t want to whine about it or get into a “global warming” debate.  I find it odd that news organizations are being so dramatic about weather.  …