John EadePresident & Director of Portfolio Strategies
John is chairman and CEO of Argus Research Group and president of Argus Research Company. Over the years, his responsibilities at Argus have included chairing the Investment Policy Committee as then director of research; helping form the firm s overall investment strategy; writing a weekly investment column; and authoring the flagship Portfolio Selector report. He has also provided coverage of the Healthcare, Financial and Consumer sectors. John has been with Argus since 1989. He has an MBA in Finance from New York University s Stern School of Business and a Bachelor s degree in Journalism from Northwestern University s Medill School of Journalism. He has been interviewed and quoted extensively in The New York Times, Forbes, Time, Fortune and Money magazines, and has been a frequent guest on CNBC, CNN, CBS News, ABC News and the Bloomberg Radio and Television networks. John is a founder and board member of the Investorside Resear
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Tesla has bought $1.5 billion worth of bitcoin.
The move has raised questions about bitcoin and crypto regulation.
Experts told Insider that the move makes sense and that the SEC likely won t be concerned.
Bitcoin, the world s most famous cryptocurrency, didn t need any help from Tesla or CEO Elon Musk. A year ago, a single bitcoin was worth about $7,000 now one is valued at almost $48,000.
Musk has been outspoken in his support for digital currencies, which have proliferated in the past five years. Along with adding bitcoin to the balance sheet, the carmaker said it could accept bitcoin as payment for its vehicles.
Yves here. While this analysis targets a very important question, the impact of cheap money on racial inequality, its analysis on the balance sheet side looks more robust than on the income side. The post looks at how monetary stimulus disproportionately reduces black employment gains, and then multiples the jobs increase by the average income for black households.
It seems highly probable that that approach overstates income gains since the financial crisis. First, the jobs created have been overwhelmingly low income McJobs, as in low wage and thus likely to be lower than average household incomes. Second, the post crisis job market has also featured a high level of “involuntary part-time employment” as in people who want a full time job unable to find one or even make two part time jobs add up to full time jobs. It seems reasonable to assume that people of color would be more afflicted by those developments and hence “employment recovery” might not be as rewarding as it lo