How do you value pieces of paper? What creates currency? What makes the dollar a reserve currency? There are several different models used to value currency, including Purchasing Power Parity and the BEER (Behavioral Equilibrium Exchange Rate) model, amongst others. There are several variables that go into those models, most notably conditional expectations, current rates,…
Read MoreThe Contagion of Currency: The Podcast
https://castbox.fm/vb/88765713 An analysis of how we value currency, what is going on with the lira, and how it affects all emerging market. Enjoy!
Read MoreGovernance through Decentralization on the Blockchain
Decentralization is an important part of the blockchain, and one of the reasons that a lot of investors are curious in the product. The way that the blockchain operates is on a peer to peer network, utilizing consensus mechanisms. There is no over-arching “person-in-charge” (on Bitcoin). On some of the other coins, such as Ethereum…
Read MoreBlack Swans and the Federal Reserve: Is There Really a Difference?
“The black swans are circling like vultures now. Dark economic events seem to be flying in out of nowhere for those who have vision to see them. Even dovish New York Fed President William Dudley says that he is less confident about the economy than he was when he and his Feddish partners voted to…
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