Inflation Expectations are Materializing in the Bond Market

By: Justice Clark Litle

Jan 04, 2021 | Educational

3D printing — also known as additive printing — is a transformative technology that will usher in dramatic change. The disruptive dominance of 3D printing, which is closer than most realize, will be a hallmark of the transition to mankind’s fourth great age, the information age. (The prior three were the stone age, agricultural age, and industrial age.). This might…

By: Justice Clark Litle

Jan 01, 2021 | Educational

Editor’s Note: As we finally enter 2021 — goodbye forever, 2020! —  the old Wall Street phrase “Don’t Fight the Fed” could be recast as “Don’t Fight the Fiscal.” With government spending set to dominate the investment look for years to come, the final installment of our “best of” series revisits the difference between monetary policy measures and fiscal ones….

By: Justice Clark Litle

Dec 31, 2020 | Educational

Editor’s Note: Japan was the first rich industrial nation to experience a modern-day “Balance Sheet Recession” — the phenomenon where bloated private sector corporations focus on slimming down balance sheets, or buying back shares, rather than investing for future growth. In today’s “best of” installment, we explain how balance sheet recessions work — and look ahead to the inflationary endgame….

By: Justice Clark Litle

Dec 29, 2020 | Educational

Editor’s Note: When we explained the concept of money earlier this year, we immediately received a thoughtful follow-up question on inflation. That inquiry led to the next “best of” piece in our lookback series, “Where does inflation come from?” The short answer is that inflation is an emergent property, born of a complex adaptive system. For the longer answer, read…

By: Justice Clark Litle

Dec 28, 2020 | Educational

Editor’s Note: What is money exactly? In today’s “best of review,” we answer that question by explaining that money is a social protocol, built on a network, and enabled by technology. Ah, but what does that mean? Read on and we’ll explain, hopefully giving you a clearer sense of what the abstract notion of “money” really means. –JCL Money is…

By: Justice Clark Litle

Dec 24, 2020 | Educational

Editor’s Note: In today’s “best of” lookback, we revisit why Bitcoin, as a digital store of value, has no need for aircraft carriers. Up until 10 years ago or so, sovereign currencies were associated with governments that had assets to protect and borders to defend. Store-of-value assets like gold, meanwhile, had to be locked in physical vaults, or even protected…

By: Justice Clark Litle

Dec 18, 2020 | Educational

What are some solid ways to make a lot of money in 2021? Where will the major trading and investing gains be made? What will the themes be that potentially drive large profits? In answering these questions, a phrase to remember could be “short-duration tangible assets.” We’ll explain what that means in a moment. First, to quickly look back on…

By: Justice Clark Litle

Dec 17, 2020 | Educational

The stars are aligning for the return of inflation in 2021. Not fake inflation either, but the real stuff. Inflation’s return could thus fuel a migration into tangible, short-duration assets, which would be a major shift from the dominant market configuration of the past few years. Before we get into what that means (which may actually require a follow-up piece),…

By: Justice Clark Litle

Dec 16, 2020 | Educational

Bitcoin is a natural digital monopoly. It doesn’t have real competition. Some people wrongly assume that it does, but it doesn’t. There is nothing else that does what Bitcoin does, in the same way it does it. The use case Bitcoin fulfills is incredibly valuable and important — and there is no other asset with the same profile. At the…