Author Archives: John Thomas

The Techno-Utopia of Bitcoin has failed for Now

It seems like a mere year ago around this time we were lauding the advent of the soon to be Bitcoin revolution, challenging all the financial precepts and eventually rising to the biblical status of the “One-World Currency.” In many ways the rise of Bitcoin invokes a spiritual experience for its believers that is deeper than the potential economic wealth ...

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Russia can never be a Top-Tier Economy

As long as one has the single-minded mission to intervene and usurp what belongs to others, there can be no long-term economic salvation. Yes, it can work in the short-term via physical threat to the populous ala Stalin et al. However, liberty and economic freedom cannot work when a sovereign nation is in perpetual war and turmoil. Goods of production ...

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Fed Policy is Anyone’s Guess going Forward

The Federal Reserve has gone somewhat off the grid and is becoming increasingly more stealth in regard to monetary policy. The Fed undoubtedly realizes what uncertainty with regard to interest rates can do to both the credit and equity markets. As such, you might want to buckle your seatbelts and hold on for the ride as we head into the ...

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Natural Gas Markets not for the Faint of Heart

A turbulent market known for its volatility has erupted again this week. The U.S. futures on natural gas measured in price per British thermal units operates on the Nymex commodities exchange, part of the CME Group. The operator of large derivative and futures exchanges took “emergency action” to maintain orderly trading in natural gas contracts as wild price swings gave ...

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The Economic Effects of Legalized Marijuana

Since the legalization of recreational marijuana in parts of the United States, scholars, economists, politicians et al. have weighed in on the economic impact of the plant. One would assume that the economic rationale has been examined in light of legalization from both a financial and social standpoint, albeit a difficult social measurement. The vast amount of scholarly work has ...

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What Small Business wants from the new Congress

The mid-term elections are now behind us, and small businesses across America march on. Politics and regulation, among other things, play such a large role in the life of an entrepreneurial venture. Policies legislated can have a big impact on macroeconomic issues like job creation, wages, and production. The upcoming 116th United States Congress will need to address the concerns ...

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Trump, Auto Unions not Happy with GM Downsizing

There are two sides to every coin. In this case, you find General Motors and Wall Street in general on one side, and President Trump and the unions on the other. Strange partnerships perhaps, but each will do what is in their best interests. Let’s begin by looking at what happened. General Motors said Monday it will cut up to ...

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General Electric’s Woes Ripple through Corporate Bond Market

New CEO of GE Larry Cup

A feeling of angst is in the air in the credit markets on Wall Street. The venerable blue chip General Electric Co. will sell assets with “urgency” to reduce its high debt, Chief Executive Officer Larry Culp (just appointed 1 October) said on Monday, as GE shares tumbled as much as 10 percent and the cost of insuring its debt ...

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