Bitcoin, Election & Stimulus

Bitcoin: The Biggest Bubble

If you measure the size of asset bubbles based on the level of conviction buyers have in their trade, the Bitcoin bubble is the biggest I've seen. Bitcoin hodlers are more confident they're right and sure they can't lose than were dotcom or house buyers during those bubbles.

Is a contested election good for the stock market?

On CNBC Fundstrat said a contested election is good news for the stock market because it will cause the Federal Reserve to backstop losses with more QE. Maybe if COVID starts turning people into Zombies we can all stay home and get rich, as the Federal Reserve money printing sends stock prices soaring.

The Economic Dependence On Stimulus

It's crazy to blame the problems in the economy or the stock market on a lack of stimulus. The Federal Reserve is already suppling constant monetary stimulus and the Federal government is providing huge fiscal stimulus. The problem is that the stimulus addicts now need an even larger dose.