Welcome back More than anything, I don’t want to be the guy who died wondering. I’m long bitcoin (not investment advice), I think fiat currency is a giant fraud, I think the rest of the world is an enormous bubble benefiting very few people. As far as I’m concerned this decade will prove me wrong

2019 This will be the last update for 2019, we’ll return to action on updates in mid January. It seems then, that this is a suitable time to review some price action. Bitcoin has had (as usual) a very volatile year, ending up around 95% while having six times the volatility of the S&P500. Using

2030 At the turn of the decade we will be treated to all manner of wild predictions about the next ten years, most of which will be wrong. First cab off the rank throwing random darts at the future was technically bankrupt European behemoth, Deutsche Bank. It’s been a tough decade for Deutsche, with their

Complicated charts, simple story ” At present, our estimate of the prospective 12-year total return from a conventional passive portfolio mix is lower than at any point in history aside from the 1929 pre-crash market peak.” It took me while to fathom this chart. The blue line is the estimated annual return, over the next

Philip Lowe In 1980, a 17 year old was accompanied by his parents from Wagga Wagga to a job interview. The story goes that the young man’s parents had another plan, they intended to interview the employer to ensure that they would provide suitable employment and circumstances for their son. The interviewee in question was

The Three Wise Men Three people in America now have more money than the bottom 50% of Americans. You wonder about the disruption and discontent around the world and perhaps this has something to do with it. To be fair, two of them have made massive contributions to society and one has made his money

Australia Australia is rich. Really, really rich. My perception is that most Australian’s don’t appreciate this fact but as a recent immigrant, I can tell you, it’s rich. I’ll labour the point because it’s important; cold water fish, tropical fish, gold, uranium, rare earth metals, every edible animal, all vegetables, most fruit, natural gas, virtually

Price action After months of minimal volatility we got a strong price move, with bitcoin down over 10% on the week. Alternative currencies also continue to suffer with many dropping more than 30% over the same period. One of the causes was multiple legal cases brought this week by the SEC against ICOs, including KiK

The Emperors’s New Clothes  “The new target interest rate is 1.75% – 2%” As expected the Federal Reserve cut its interest rate by 0.25% yesterday. The target rate is now 1.75% – 2%. It wasn’t very exciting, except something strange happened and the overnight rate immediately went above the target rate causing the Federal Reserve

The ListedReserve Weekly Roundup for September 13th