Mar 15, 2018

Markets: US Dollar, Gold

Even with today's bad economic data even with the downward revision by the Atlanta Fed the US Dollar was up slightly today. Gold was flat, it didn't really go anywhere. Nobody really perceives what's going to happen.

Retail Sales: Down 3 Months In A Row

Instead of getting a rebound we got another drop, we got another point one percent decline in February. That's a trifecta, that's three months in a row of falling retail sales. That hasn't happened in six years, I mean this is pretty rare. If you're like me and you've been very skeptical of the economy being good this is a validation because Americans are broke!

Mar 13, 2018

Bitcoin Is Nothing Like Gold

Bitcoin is nothing like gold despite the fact that you have all this terminology that was deliberately used to make it sound like gold. You mine Bitcoin, right? No,  there's no mines, there's no pitchforks there's nobody out there, there's no mine right? But you create them but they said it's mining and there's miners to make it sound like gold. They make the Bitcoin look like gold, it's color it looks like a coin made of gold. That's done for a reason. To create the false impression that you're buying something like gold.

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