The ECB I love the European Central Bank. They are everything that’s bad about bureaucracy and banking all in one handy location. What’s more, they are also reasonably open about their internal insanity, this week treating us to a report called “Central Bank Digital Currencies and the financial system”. Here are the benefits of digital currency

Welcome back More than anything, I don’t want to be the guy who died wondering. I’m long bitcoin (not investment advice), I think fiat currency is a giant fraud, I think the rest of the world is an enormous bubble benefiting very few people. As far as I’m concerned this decade will prove me wrong

2019 This will be the last update for 2019, we’ll return to action on updates in mid January. It seems then, that this is a suitable time to review some price action. Bitcoin has had (as usual) a very volatile year, ending up around 95% while having six times the volatility of the S&P500. Using

2030 At the turn of the decade we will be treated to all manner of wild predictions about the next ten years, most of which will be wrong. First cab off the rank throwing random darts at the future was technically bankrupt European behemoth, Deutsche Bank. It’s been a tough decade for Deutsche, with their

Complicated charts, simple story ” At present, our estimate of the prospective 12-year total return from a conventional passive portfolio mix is lower than at any point in history aside from the 1929 pre-crash market peak.” It took me while to fathom this chart. The blue line is the estimated annual return, over the next

Philip Lowe In 1980, a 17 year old was accompanied by his parents from Wagga Wagga to a job interview. The story goes that the young man’s parents had another plan, they intended to interview the employer to ensure that they would provide suitable employment and circumstances for their son. The interviewee in question was

The Three Wise Men Three people in America now have more money than the bottom 50% of Americans. You wonder about the disruption and discontent around the world and perhaps this has something to do with it. To be fair, two of them have made massive contributions to society and one has made his money