Mar 13, 2018

Bitcoin: We've Seen The Peak In The Bubble Already

The bigger story is gonna be the money that's lost. There's gonna be so many people that are gonna lose a tremendous amount of money in these crypto currencies. There's a pretty good chance that we've seen the peak in the bubble already.

Mar 9, 2018

Bitcoin: I Don't Think It's Going To Work

I don't think it's going to work and people say well you just don't understand it. I think I do understand it, I think the reason that so many people are involved in it is because they don't understand it. Now, a lot of those people have made quite a bit of money by not understanding it because they bought it a long time ago and greater fools paid even higher prices and people can confuse that success with understanding.

Mar 7, 2018

Manufacturing Jobs Will Be Lost As A Result Of These Tariffs

Trump is right, the trade deficit is a problem but where Trump is wrong is thinking that these tariffs are going to solve the problem. They won't. They will make the problem worse. 

This is the irony of these tariffs. They will result in larger trade deficits not smaller trade deficits and that's even without any foreign retaliation meaning if China, if Europe, if our trading partners do nothing in response to these tariffs the result will be larger not smaller deficits. And manufacturing jobs, the very jobs that Trump is hoping to save, manufacturing jobs will be lost as a result of these tariffs.

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