The time has come Why might the time have come? Because prices are back under control? No! because the labour market is not. The Federal Reserve is not the same as the ECB. Its mandate is twin, prices and employment. I think this critical difference is going to come to the fore over the next

Polymarket Potential investor: “just tell me one thing that has actually worked, that is a viable product, that isn’t bitcoin that’s out there right now, today”. Me: “OK. Polymarket. The largest prediction market in the world“ The styling as a ‘prediction market’ is rather cute. You can open a market on something, price your prediction

The State I have referenced this book a lot, admittedly to mixed feedback. Some of you loved it, plenty of you DNF. Personally, I think it’s aging well on multiple levels. One of which came to mind this week following a tumultuous period in the United Kingdom. One of the tenets of the book is

Safe Haven “and so, it’s become absolutely clear that bitcoin is not a safe haven asset” I was watching Bloomberg on Monday as the Japanese market went into meltdown, completing its worst day since 1987. Some talking head (from an Australian investment firm) popped up and made the declaration about bitcoin. The only place you

Mad to quit So our prediction for a surprise July cut was wrong. “If that test is met, a reduction in our policy rate could be on the table as soon as the next meeting in September.” The ‘test’ is of course inflation versus unemployment. The Federal Reserve, unlike the ECB, is tasked with maintaining