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Central Bank Digital Currencies (CBDCs) are Having a Moment

By: Justice Clark Litle

Oct 21, 2020 | Educational

We are now barreling headlong into the Information Age, the fourth great age of human civilization. The prior three, as we’ve explained before, were the Stone age, the Agrarian age, and the Industrial age. The Stone Age gave us tools, the Agrarian Age gave us farming techniques, and the Industrial Age gave us factories and physical machines. Now the Information…

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‘Balance Sheet Recessions’ and the Inflationary QE Endgame

By: Justice Clark Litle

Oct 20, 2020 | Educational

To understand the times we are in, it is helpful to know what a “Balance Sheet Recession” is, and why it is so hard to get out of one. The Balance Sheet Recession — which can last for years, or even decades —  is another crucial concept for investors to grasp, along with other concepts we’ve explained like financial repression,…

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Why the U.K. Government May Need to Crash Its Own Currency

By: Justice Clark Litle

Oct 19, 2020 | Educational

The United Kingdom is headed for a “No Deal Brexit” break-up with the European Union. This assessment is based on harsh statements coming directly from Boris Johnson, the U.K. Prime Minister. If a “No Deal Brexit” happens, or even just an exceptionally “Hard” Brexit, the result could be a hammer blow for the British economy. That, in turn, could force…

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A New Wave of Infection is Hitting the U.S. and Europe — and a Fiscal Wave Will Follow

By: Justice Clark Litle

Oct 16, 2020 | Educational

It would not be correct to say the coronavirus is back — because it never actually left. We can say, however, that coronavirus caseloads are surging again on two continents. The numbers are starting to look alarming, and it isn’t even truly cold yet. (The winter months are expected to make the pandemic worse, due to reduced outdoor activities, lower…

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The Polls Aren’t Wrong. Nor Were They Wrong in 2016

By: Justice Clark Litle

Oct 14, 2020 | Educational

In recent days, we’ve written about the “Biden Sweep” scenario, and how Wall Street has come to embrace it as a bullish expectation. The thing that Wall Street fears is a government spending cut-off that leaves the U.S. economy in a deflationary hole. If policy gridlock cuts off the anticipated flow of upcoming spending, permanent job loss and recessionary scars…

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The Tech Juggernauts Face Rising Political and Regulatory Risk

By: Justice Clark Litle

Oct 08, 2020 | Educational

The stock market has benefited handsomely from the performance of technology juggernauts. For 2020 year to date, Amazon, Apple, Facebook, and Google have helped the NYSE FANG+ index generate a better than 122% return from the March 18 lows through the Oct. 7 close. But valuation multiples don’t grow to the sky, and 2021 may not be as kind to…

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The U.S. Government’s BitMEX Crackdown Shows Bitcoin’s Resilience

By: Justice Clark Litle

Oct 06, 2020 | Educational

Last week saw so many head-spinning developments, it felt like the space-time continuum might implode as the speed and density of the political news cycle collapsed into a black hole. So it’s understandable a major crypto-world development got lost in the shuffle. The U.S. government came down like a ton of bricks on BitMEX, the world’s second-largest cryptocurrency derivatives exchange….

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Markets are Increasingly Anticipating a “Biden Sweep”

By: Justice Clark Litle

Oct 05, 2020 | EducationalNews

When news of the president’s COVID-19 diagnosis hit, in the wee hours of Friday morning, overnight markets reacted with shock and fear. By the end of the day on Friday, though, the Dow Jones Industrial Average and S&P 500 had mostly recovered, with small caps (via the Russell 2000 index) even turning positive on the day. In Monday’s premarket session,…

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Indoor Drones and Clouds Beneath the Ocean: Welcome to the Information Age

By: Justice Clark Litle

Oct 01, 2020 | Educational

As if 2020 didn’t have enough going on, there is a fourth age of human civilization rushing toward us. The prior three ages were the Stone Age, the Agrarian Age, and the Industrial Age. In the Stone Age, humans discovered language, fire, and the use of sophisticated stone tools. This enabled group cooperation and the birth of art and culture….

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In Both Investing and Poker, sometimes a Weak Hand Beats a Strong One

By: Justice Clark Litle

Sep 28, 2020 | Educational

Say you have an investment choice between two gold mining companies. They are similar except for a single variable, the average production cost per ounce. One miner produces gold at an average production cost of $900 per ounce; the other does so at $1,800 per ounce. Which miner is the better investment, in terms of 12-month price appreciation? It’s actually…

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