Kass: There Are Many Reasons to Be a Bear I believe the markets are headed lower - probably not in a straight line or as steep as the last few days, but in a saw tooth fashion lower.
In contrast to the Bullish consensus, I remain bearish on the outlook for equities.
Recently, I expressed continued concern about speculative activity (which has run amok).
But there are more reasons to be a Bear.
The Large Stimulus Bill Holds Risks
In 2009, as we began to recover from the Great Decession, the government instituted what was then a meaningful package to stimulate economic growth. At the time, the gap between actual output and potential output in the U.S. was approximately $80 billion/month and rising. The stimulus instituted amounted to about $35 billion per month or a little less than the output shortfall. By contrast, in 2020, the CBO has estimated that the recently implemented stimulus package ($900 billion) will reduce the difference between actual output and potential o
Everything you need to know about Twizel, Mackenzie
6 Mar, 2021 06:00 PM
4 minutes to read
Jason Menard and his family at Loch Cameron, Twizel, Mackenzie. Photo / Jack Austin
NZ Herald
By: Jason Menard
Twizel wasn t built to last, but it ended up becoming one of New Zealand s absolute winners! Twizel was built in the late 1960s as a temporary town to house the workers on the hydroelectric scheme and was meant to be demolished in the early 1980s. The residents fought a lengthy legal battle with the government and the town was eventually handed over to the Mackenzie District Council. Back in the day you could buy a Twizel house for a ridiculously low sum of money, sometimes as cheap as a few thousand. There are stories of people trading Twizel sections during poker games!
Crypto Fever Back in South Korea, Average USD 7B Per Day Transacted
Source: Adobe/slawavorster
A new report from South Korea appears to show that the latest rush in bitcoin (BTC) and altcoin investment in the country is ânow higher than three years ago,â and that itâs not all about the new wave of Korean âcrypto momsâ â younger folk are also laying down some serious capital in their investments.
Crypto âfever,â as it was termed by the South Korean media at the time, came to a boil in late 2017 and early 2018, with teenagers and octogenarians alike forking out their pocket money and pensions on tokens â before a market slump and the introduction of a series of tight regulations.
5 March 2021, 10:00 am EST By
Arguably the world s most popular internet messaging board is now entertaining the fact about going public. Reddit, the popular social network and bulletin, recently stated that it had actually appointed its first Reddit CFO or chief financial officer. The person they chose was Drew Vollero, in a move towards helping to tidy up all of the company s books before launching a final stock public offering.
Reddit new CFO Drew Vollero
According to the story by The New York Times, when asked to address the question as to whether or not Reddit is going public, the company s chief executive, Steve Huffman, noted in an interview that the company is actually thinking about it as of the moment and is still working towards it.