BTC-spot silver spread closing…
About a minute ago: BTC $29.24 vs. spot silver $29.41/oz The post BTC-spot silver spread closing… appeared first on Peter C. Earle.
View ArticleBTC cross with spot silver
At 1:46pm EST, BTC traded at $29.59, last trade of spot silver @ $29.40/oz - The post BTC cross with spot silver appeared first on Peter C. Earle.
View ArticleNew article
My latest article, “Monetary Origins of the Poker Bubble”, appears today on the Mises Institute site: http://www.mises.org/daily/6361/Monetary-Origins-of-the-Poker-Bubble The post New article appeared...
View ArticleA rejoinder to critics of “Monetary Origins of the Poker Bubble”
The blowback from my article on the 2003 – 2007/2008 poker boom has been small, but resonant. While just about everyone seems to have found the article interesting, there were a few individuals who...
View ArticleBitcoin update!
Bitcoin hit a high of $31.28 a few minutes ago, less than a dollar from its all-time-high of $31.91. New high of $31.30 now with silver at $28.46, making the BTC spread as wide as it has been since the...
View ArticleGet the joke
The funniest thing about the wailing and gnashing of teeth that accompanies the lowering of sovereign debt ratings – most recently of Britain, reduced to Aa1 – is the idea that any of them were ever...
View ArticleQuadrillions of greencakes
Only in as dishonest and immoral an institution as government could a budget cut starting with one half of one percent – $85 billion out of $3.6 trillion - be considered and/or represented as a...
View ArticleNew all-time high in bitcoin?
Just saw a print of $31.92960… The post New all-time high in bitcoin? appeared first on Peter C. Earle.
View ArticleMusing on the recent bitcoin run…
I’m sure there are any number of reasons for the recent run of bitcoin to new all-time highs, but I wonder to what extent the combination of (a) sequester scaremongering alongside (b) the decline in...
View ArticleYou know things are bad when…
…Pete comes up with another list. As U.S. equities have hit new highs and precious metals have declined, the following have transpired: 1. Personal income declined the largest one month amount that it...
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The Mao Jones Industrial Average
CNBC and other financial media outlets are pumping (pun lethally intentional) the DJIA’s hitting of its former all-time record today. As I posted on Twitter earlier, a look at the unemployment, income,...
View ArticleThis time, the unwind is being televised
I don’t watch much TV, and I’ve never watched any of the programs that I’m about to mention: Storage Wars, Auction Hunters, Storage Hunters, Pawn Stars, Hardcore Pawn, and American Pickers. It strikes...
View ArticleInsolvent assumptions
The UK’s Department of Business, Innovation and Skills contains an agency entitled the “Insolvency Service”, which is charged with overseeing and facilitating bankruptcies, liquidations, and similar...
View ArticleThe greatest danger…
…when it comes to policy initiatives such as the one currently being perpetrated against Cypriot depositors is that once undertaken (and some would say, by merely being proposed), they join the ranks...
View ArticleThe Iraqi economy, ten years later
But for all of those dead and maimed bodies, the destroyed infrastructure and dissipated treasure, at least the economy of Iraq is better off now than it was in 2003, right? Wrong. Despite high oil...
View ArticleThree Horsemen of the Apocalypse
Well, not quite. Still: FedEx (FDX) just experienced a monster earnings miss; $1.23 eps on revenue of $11B compared to consensus estimates of $1.38eps on $10.85B. The stock was down almost 7% by the...
View ArticleWhat do capital controls look like?
For Cypriot depositors – at least as currently proposed – when banks reopen next week, the following restrictions will be in place: 1. A certain portion of a given account’s balance simply won’t be...
View ArticleTomorrow – Friday, March 29th…
…at 3pm PST / 6pm EST, I’ll be joining John O’Donnell on the Weekend edition of the Power Trading Radio show, where I will be speaking about the markets, the economy, why the poker boom was actually a...
View ArticleIn about 30 minutes…
…at 3pm PST / 6pm EST, I’ll be joining John O’Donnell on the Weekend edition of the Power Trading Radio show. Tune in for what promises to be an interesting discussion across a variety of topics. The...
View ArticleIt started, and ended, on an island
On November 6, 2012 – Election Day (to me, Day-That-I-Go-About-My-Business-And-Don’t-Allow-Myself-To-Be-Drawn-Into-The-Disgusting-Political-Maelstrom Day) in the United States, Bitcoin were priced at...
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