Finance

  • Flight Speed

    Your money is gone. Since the start of the month, there have been multiple deposit runs, including on two traditional banks, SVB and Silvergate. What has happened to our safest places for money? Well, it started on the frontier, in crypto, and now has jumped to tech. The most innovative industries operating out front have…

  • Unemployment Insurance

    The US federal government is providing $600 per week in unemployment insurance. The federal funds are in addition to state unemployment as the economic fallout of the response to COVID-19 ravages the country. That stimulus package expires on July 31st. Two things are real: i) the economy cannot lose personal income support, and ii) the…

  • Market Values

    “Enlightenment is found not in the monastery, but the marketplace.” Mountaintops are peaceful as if made for calm. But it is the chaos of the marketplace which reveals character. Trekking into the storm requires principles, market values, for deft maneuvering. Markets test our ability, emotional capacity, and reactivity. Because of this, they are a fantastic…