It was a “Monetary Revolution” whose price “doubled in four months,” he said. All I’d need to do was hype bitcoin on my website. That’s still how it works: buy and hype. But now the big highly leveraged players have jumped in with their global megaphones.

The historic short squeeze, engineered by millions of deeply cynical small traders, exposed just how rigged the market has been.

During the Financial Crisis, consumers deleveraged by walking away from their debts. And now, with 20 million people still claiming unemployment insurance? The opposite is happening.

Under the effects of the Pandemic, consumers and businesses grapple with their own “Reset.”

As after the last crisis, fueled by ultra-cheap money, they’re taking financialization of the housing market to the next level: Now it’s buy-to-rent, build-to-rent, sale-leasebacks, and buy-to-sell.

A lump-sum payment in digital dollars for all Americans during a recession or to raise inflation as an alternative to QE and negative interest rates, which have failed.

It just looks so tempting.

SoftBank was only a cog in the huge machinery.

A sort of sector rotation of layoffs, and it’s not a good sign, even as millions of lower-wage workers are being hired back.

A sort of sector rotation of layoffs, and it’s not a good sign, even as millions of lower-wage workers are being hired back.

Easy money is a curse for capitalism.

Easy money is a curse for capitalism.

Over 30 million people lost their jobs between mid-March and mid-May, while the wealth of America’s 600+ billionaires ballooned by $434 billion. How did this happen?

Over 30 million people lost their jobs between mid-March and mid-May, while the wealth of America’s 600+ billionaires ballooned by $434 billion. How did this happen?

“Extend and Pretend” forevermore.

“Extend and Pretend” forevermore.

What’s so insidious about the Fed’s bailouts of investors in hedge funds, stocks, bonds, leveraged loans, and other often risky assets in a crisis? The destruction of capitalism.

What’s so insidious about the Fed’s bailouts of investors in hedge funds, stocks, bonds, leveraged loans, and other often risky assets in a crisis? The destruction of capitalism.

Wayfair, Zillow, Uber, Lyft, WeWork, Carvana, Tesla, Airbnb, Casper Sleep, Zume, and many others – they all have accomplished an amazing feat: losing tons money year after year during the Good Times in mundane profitable industries.

Wayfair, Zillow, Uber, Lyft, WeWork, Carvana, Tesla, Airbnb, Casper Sleep, Zume, and many others – they all have accomplished an amazing feat: losing tons money year after year during the Good Times in mundane profitable industries.

Over the past two years, nobody knew what would trigger the next financial crisis, but just about everyone saw that it would involve the record pile of corporate debt. And so it happened. Now the Fed fixed it…

Over the past two years, nobody knew what would trigger the next financial crisis, but just about everyone saw that it would involve the record pile of corporate debt. And so it happened. Now the Fed fixed it…

It’s not only Chinese tourists, business travelers, and property buyers who’re not showing up, but also travelers from all over the world who’ve gotten second thoughts about sitting on a plane.

It’s not only Chinese tourists, business travelers, and property buyers who’re not showing up, but also travelers from all over the world who’ve gotten second thoughts about sitting on a plane.

Is this the black-swan event people have been predicting for years?

Is this the black-swan event people have been predicting for years?

Student enrollment has dropped 11% since 2011 while student-loan balances have surged 74%. Why?

Student enrollment has dropped 11% since 2011 while student-loan balances have surged 74%. Why?

Even as the Fed has flooded the market with $400 billion in four months, as stocks are at record highs, and as reality is being pooh-pooed as irrelevant. What’s different this time?

Even as the Fed has flooded the market with $400 billion in four months, as stocks are at record highs, and as reality is being pooh-pooed as irrelevant. What’s different this time?