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You are ever the optimist, johnarb. If it’s any interest to you, I closed all my IT short positions today. Bear market is not over but I never look a gift horse in the mouth.

Your premise is faulty. Ask yourself what does inflation measure and compare that to what the dollar index measures. High inflation in the US doesn’t necessarily mean a weak dollar. We aren’t going to always repeat the 1970s. If you don’t think a massive increase in the money supply leads to...

I think it’s sad if they bring innocent parties into it like a spouse or children. I saw one bad case that made me think about illnesses like cancer in a whole new light. Some (most?) people are not cut out to trade. Especially short-term trading. The smart ones try it and realize quickly it...

I’ve seen people lose it all who read a lot of trading books, took courses, had a “mentor,” etc. In the office I traded out of, a guy lost his account, several reloads, all the retirement savings he made in the restaurant business, and mortgaged his house. He still came to the office every day...

Prior to the executive order, people could hold gold under their beds if they wanted to. There was neither a ban on self-custody nor a requirement to hold gold at banks, as Dennis P asserts. No country has banned the self-custody of Bitcoin. Banning payments in Bitcoin or the trading of Bitcoin...

1. The de minimis exception for CG tax on crypto transactions is a very tough sell. No such exception exists for any capital asset. The pushback from the established financial industry will be huge. 2. Bitcoin miners are the equivalent of dealers, not traders or investors. No way they should...

Not good.

The $65 billion includes the fake profits. Direct investors lost around $18 billion, of which over 80% was eventually recovered.

The next two FOMC meetings are pretty much a foregone conclusion. Will the rest of the year be .50, .50, .50, .50, .50? That will require big cojones.

Seeing the macro trend does not equate to making money for most of us not in the VC set. There’s too much bearish sentiment currently to make me think the road ahead will be as people expect. Never underestimate the market’s ability to surprise most of the participants. More herding probably...

Oh so it’s 6 years since you saw a check? Not 30? Okay, but I’m confused about your wife’s checks. You first said she received them when you were living in the US. Now you say you were in Asia when she received the checks and that made you laugh because checks weren’t used where you lived? If...

Wow 30 years, that is a very long time since you last saw a check. You say it was when you were living in the US and your wife took a pic with her phone to deposit it? Yes indeed, depositing a check by phone is convenient. But I don’t remember being able to do that 30 years ago. That would be...

It’s a negotiable instrument. It’s also called a draft and commonly used in commercial transactions. For non-commercial transactions, it is not used much now since the advent of online payment methods. Still, paying by check is useful for certain types of payments—taxes, car purchases, private...

How do you know his income reporting? Why do you care? I would take cash over a personal check also, every time. A handful of big corporations (chaebol) have eaten the country. Lemmings are what they poop out.

I guess I’m one of the last holdouts. I like using cash over credit cards when I’m out and about. So far I’ve never had complaints from merchants. Some tell me they appreciate it. I always pay for personal services in cash—haircuts, massages, gardening, cleaning, work around the house. At his...

Is there a comparison of the fees the store pays for crypto purchases versus a regular CC (e.g., Mastercard or Visa)? CC fees are burdensome and keep increasing. I wouldn’t be surprised if stores pay lower fees on crypto sales, in which case crypto adoption by big chains makes business sense...

Marrying the right woman is worth 10s of millions of dollars only if she comes with 10s of millions of dollars. Come on, man. You are making me think your wife reviews all your posts. The right woman doesn’t insist on marriage. She will stay with you regardless of the legal status of the...

Sure about what? That there are two sides to the story in a divorce? Or that usually both spouses have at least some fault for the failed marriage? What would you like for me to ask your ex? It sounds to me that you are saying she was pissed at you for initiating a divorce. Some people come...

Well, let’s be honest. There are two sides to the story. A divorce usually is not the fault of just one spouse.