Page 3 - Dylan Grice News Today

DollarCollapse.com by John Rubino ◆ We’re deluged with numbers these days, many of them huge, ominous departures from historical norms. But one matters more than the others. To understand why, let’s start with some history. In the 1960s the US entered the expensive and divisive Vietnam War, while simultaneously creating major entitlement programs including (also very expensive) Medicare. In the 1970s, commodity prices, led by oil, started to rise due in part to the billions of new dollar...

The stock market is the meme market now. From the GameStop (GME) saga to Tesla’s Bitcoin buy (BTC-USD) to Elon’s Dogecoin (DOGE-USD) purchase, it seems like any internet-based humor that is even vaguely financial manages to impact asset prices. But factoring in how much of a meme a given asset might be is just not part of traditional portfolio management or anything they teach in the CFA program. Yet. What investment managers do learn, however, is that sometimes in markets everything that s...

Oil is set for a second straight weekly gain, as OPEC+ continued to slash output and the group expects a stronger second half of the year

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

© Gao Yuwen/VCG via Getty Images Quick reminder – Merryn will be interviewing Charles Plowden of Baillie Gifford on Thursday. If you haven’t already registered to watch it, make sure you don’t miss out! Back to this morning – I saw a very striking chart on Twitter the other day. Dylan Grice of Calderwood Capital (an occasional MoneyWeek contributor) noted that electric car-maker Tesla is now valued at roughly the same amount as the entire S&P 500 oil sector. “The equity market seems...

Breakingviews 7 Min Read LONDON (Reuters Breakingviews) - Three years ago, this column suggested that bitcoin, whose price soared 15-fold during 2017, faced a total wipeout. The cryptocurrency wasn’t money, but instead resembled the gold prospector’s fabled sardine tin: “good for trading but not for eating.” It was a timely call: over the following months, bitcoin shed more than two-thirds of its value. But now the crypto is back from the dead and trading at around twice its peak. Was m...