We hear it all the time: break up Facebook, Google, Twitter, et al. because they have an information “monopoly”. Add the manipulation of their algorithms to serve the ideological agenda of their management, shadowbanning and censoring search results for example, the more reason to break them up for abusing their “monopoly”.
I… Read more
In my article from several weeks ago, Netflix and BitCoin have disturbing similarities, I conjectured that Netflix will be a big loser in a stock market upheaval:
My issue with Netflix is its irrational valuation. When the inevitable pop in the bond and stock market occur I fully expect this stock to be the biggest loser of the FANG stocks.
Fast forward a few we… Read more
If Trudeau’s “peoplekind” video was a Try not to cringe challenge, I lost almost right away
As soon as I heard the words “we say peoplekind, not necessarily mankind”, I shuddered, winced, reflexively hit Ctrl+F4 and buried my face into my palms. I then forced myself to watch the video in its entirety.
The number of cheering d… Read more
Netflix is poised to pop 10% or more at the opening bell today after reports of subscriber growth beating estimates. 6.36 million new subscribers signed up in the fourth quarter, better than the 5.1 million expectation from analysts.
I don’t have anything against Netflix as a company. I am not a Netflix subscriber, but I think it is great t… Read more
Please do some more research […] when the LN (Lightening (sp) Network) comes out it will address these issues and maintain the 1mb block size which will help it remain decentralized.
The lightening (sp) network coming soon will solve many current problems with Bitcoin.
I don’t think you understand.
“I don’t think you understand… Read more
Here’s my conspiracy theory in a nutshell:
The hype of cryptocurrencies is backed by governments and banks (Russia and China are explicitly doing so). Global market psychology is manipulated by driving up cryptocurrencies with an injection of capital (on the scale of 70%+ of the market cap). The sharp rise in the price of cryptos garners widespre… Read more
As of the time of the writing of this article, BitCoin has eclipsed $15,000 USD/BTC, nearly double its value from a month ago. Similarly, another cryptocurrency which I tout as technologically better than BitCoin due to its more privacy friendly transactions, Monero, has nearly tripled in the same timeframe.
Global housing markets, stock markets, cryptocurrency markets, you name it — everything is at record highs today.
What else is at record highs? Debt.
It is still folly to think any market is primarily operating under fundamentals rather than leverage-fueled speculation.
The cryptocurrency bubble is interesting because it has the persuasive pro… Read more
Trading at nearly 300 times earnings, the debt-fueled stock market has placed a considerably high valuation on Netflix.
Netflix is a microcosm of the world. Just as most consumers and nations are debt ridden, overly speculative, and at the peak of irrational exuberance, so is Netflix.
Like the postmodern movement, the rise of Keynesian theory in academia in the past century has led to government institutions wielding more power than they merit. The general public doesn’t really understand this recent interpretation of economics, so they are encouraged to trust a group of economic “experts” to sort it out for them.… Read more