What a Week...

My favorite stories from this week due to either being hilariously funny or shocking:


Business

FaceBook sold their "stable" crypto to a private equity crypto bank for $200 million. Those same assets were valued 3x higher just 3 months ago. No comments on their Bitcoin holdings though, which makes me wonder what their plan truly is. I think the latest sell-off is once again pushed by the media and elites for more control. If the rich aren't selling, neither should you. Cost-Dollar strategy people!


Sports

No HOF for Bonds or Clemons. To be very honest, good. I understand how good they are but they cheated openly. There are guys busting their ass everyday to get called up or promoted and they took away from other guys' careers for publicity, then lied to everyone and blamed everyone. What is truly sad is neither needed 'roids to get in. I am never going to debate Bonds as a top 5 player (probably top 3) but the cheating will always be there. Same with McGwire and Sosa and the HR race of 1998. It just dampens everything to a point where it makes you feel disappointed. If Pete Rose isn't in, this group shouldn't sniff a plane ticket to even visit Cooperstown.


Politics

President Biden is speaking in Pennsylvania and 2 of the 3 top PA Dems are skipping his visit due to conflicts... same as in Georgia 3 weeks ago. I am starting to think everyone realizes what a disaster he is, including his own party, and what November will look like. Again, good for America.


Weather

Chicago is getting crushed with snow and extreme cold this week. I think it is the icing on the cake to what has been a miserable year. 2022 does not seem to be much better than 2020 or 2021. 



Comments

Post a Comment

Popular posts from this blog

The Pendulum Always Sways... or Does It?

The belief in the United States is the balance of political power will always be present. Throughout our history, the opposing party has never been "wiped out" so bad in an election that their party's future is destroyed. Just take a look at my lifetime: 1. Republicans won solid majorities in the early 2000's and the White House in 2004 2. Democrats won supermajorities in both chambers and the White House in 2008 3. Republicans won majorities in the House in 2010, Senate in 2014, and held all 3 in 2016 4. Democrats won back the House in 2018 and hold a narrow majority in 2020 5. Early indicators on the 2022 midterms seem to have Republicans roaring back to power in 2 of the 3 chambers This trend is not unusual. Despite the most popular Presidents in the US's history helping their party for sometimes 10-12 years (think FDR, Kennedy, Reagan), the opposing party comes back strong.  I heard the phrase "don't worry, the pendulum always sways back." But wi...
Read more

We Are the Product

There were two interesting topics I wanted to talk about but one will wait for Monday. I settled for us being the product in a new AI world. This concept has been a sci-fi thriller for decades but always seen as "in the distant future with flying cars and alien travel." That reality is now here, or scratching the surface of it. And it has been here for a decade, if you realized it or not. The mid to late 2000's saw two products change the way we interacted with the world: social media and the touchscreen smartphone. Both of these concepts used us, the user, as the product. Social media had no product except the user posting information to other users. The touchscreen allowed us to use our fingers to control the product with apps tailored for us with information about us (photos, contacts, texts). At the time, these two remained separate from each other due to limited capabilities of the mobile phone (first iPhone had no app store, limited web functions, no 3G, etc.) Socia...
Read more

There's a Crash Coming...

The market dropped yesterday and that trend will not change. Stocks and Cryptos are both down due to one decision: the Fed raising rates. Why? Well, when the Government spends trillions without adjusting for debt you get rampant inflation. Combine this with the Fed injecting trillions through quantitative easing and you get the worst inflation in 50 years. By raising the rate and buying back some of their debt they injected, inflation will crash. The issue is so will 401k's and investments. If they do not raise rates, inflation continues to increase but your 401k is saved. What is more frustrating is this was predicted to happen by anyone who has take a high school economics class. Our economy is hanging on by a thread for some and others are ready to scoop it all up. Just make sure you're buying.
Read more