Back in the day, our forefathers did a pretty good job of anticipating many of the stupid things our leaders might attempt at one time or another. They wrote a document (the Constitution?) that basically says, “you guys” (Congress) make the laws, and “you” (the president) enforce the laws, and “you guys” (The Supreme Court)…
It seems that whenever there is new and unusual financial turmoil in the world, the value of the dollar is frequently listed as an eventual victim. Maybe this time it’s true. Maybe this time the dollar will cease to be the world’s reserve currency. Maybe this time some other nation or nations (the BRICS?) or…
Since the end of 2014, the stock market has increased over 13% per year . . . one of the best decades in investing history. During that same period, the Kansas City Chiefs made the playoffs each year, winning three Super Bowls along the way. Coincidence? Let’s hope so . . . because the Chiefs…
Last weekend, CBS Sunday Morning ran a piece on the growing popularity of prediction markets. They spotlighted Kalshi, a platform where you can now trade contracts on everything from Fed rate decisions to whether Kylie Kelce or Blake Lively will be a bridesmaid when Taylor Swift finally ties the knot. That’s a lighthearted example, but…
Imagine ten buildings, each the size of seven football fields, clustered together on a campus the size of Central Park, humming with enough power to run a city of a million people. That’s the Stargate data center in Abilene, Texas . . . one of many more such sites that will be built in Chat…
