Bitcoin, Buffet, and Bubbles

What We Know Bitcoin – Selling off 20% today after a meteoric rise.  But what is it? Some new store of value? New mode of transacting? How is it priced? I don’t know it well enough to explain it. And I don’t care. It hasn’t been around long enough to tell if it’s a...

Inflation, Deflation, and Your Assets

Current market speculation is that the Federal Reserve will raise rates to keep the inflation genie in the bottle.  Or not. Deflationary forces such as a strong dollar, weak commodity prices, and stagnant wage growth are prevalent. Economists are divided: are...