With Halloween right around the corner there is no better topic to discuss than the Zombification of the U.S. Financial Markets. So far 2020 has proved to empower even the most decrepit, decaying and hungry (for debt) Zombies. Let’s first nail down what a Zombie is. In it’s simplest form – a Zombie is a…
Month: October 2020
What’s Next For Facebook’s Libra?
Roughly 18 months ago Facebook announced they would be introducing a new digital currency called Libra, in 2020, to revolutionize money transfer and position them as a leader in blockchain-based digital payments. It consisted of three parts: The Libra Token – A digital token similar to other cryptocurrencies like bitcoin but with the biggest difference…
Risky Business
Yesterday CNBC reporter, Steve Liesman, interviewed the Dallas Federal Reserve President Robert Kaplan to discuss monetary policy amid our current economic recovery. There were two big take aways: He stated the Federal Reserve (Fed) needs to keep interest rates at zero for the next 2.5 to 3 years. He is worried that near zero interest…