One article per day regarding web 3.0, economic, and blockchain technology.
Stocks Score Big In a Year Marked By Wild Swings
U.S. stocks are racing toward a third consecutive year of big gains, with major indexes near record to end 2021. Even with recent turbulence from the Omicron coronavirus variant, the S&P 500 is headed toward a 27% advance for 2021 and has hit 70 highs. It is the third straight year of double-digit gains for the broad index, and the second in the midst of the Covid-19 pandemic. The Dow Jones Industrial Average and Nasdaq Composite have gained 19% and 22%, respectively, this year, helping send ...
Stocks Score Big In a Year Marked By Wild Swings
U.S. stocks are racing toward a third consecutive year of big gains, with major indexes near record to end 2021. Even with recent turbulence from the Omicron coronavirus variant, the S&P 500 is headed toward a 27% advance for 2021 and has hit 70 highs. It is the third straight year of double-digit gains for the broad index, and the second in the midst of the Covid-19 pandemic. The Dow Jones Industrial Average and Nasdaq Composite have gained 19% and 22%, respectively, this year, helping send ...
Bitcoin's Ultra-Elite Dominate Its Wealth
It’s good to be the bitcoin 1%. The top bitcoin holders control a greater share of the cryptocurrency than the most affluent American households control in dollars, according to a study by the National Bureau of Economica Research. The study showed that the top 10,000 bitcoins accounts hold 5 million bitcoins, the equivalent of approximately $232 billion. With an estimated 114 million people globally holding the cryptocurrency, according to crypto.com, that means that approximately 0.01% of b...
Bitcoin's Ultra-Elite Dominate Its Wealth
It’s good to be the bitcoin 1%. The top bitcoin holders control a greater share of the cryptocurrency than the most affluent American households control in dollars, according to a study by the National Bureau of Economica Research. The study showed that the top 10,000 bitcoins accounts hold 5 million bitcoins, the equivalent of approximately $232 billion. With an estimated 114 million people globally holding the cryptocurrency, according to crypto.com, that means that approximately 0.01% of b...
典型的债务大周期
我如何看待信贷和债务以信贷的方式赋予他人购买力，这本身显然是一件好事。相反的，不赋予他人购买力，使其无法去做有益的事情，可能会产生不利的后果。判断信贷/债务快速增长是好事还是坏事，取决于信贷产生的结果和债务偿还的情况。 相比信贷/债务增长过快，其增长过慢导致的经济问题同样严重，甚至会更糟，因为信贷/债务增长过慢的代价就是会错失发展机会。 由于信贷同时创造了购买力和债务，因此增加信贷是好是坏，取决于能否把借款用于生产性目的，从而创造出足够多的收入来还本付息。 大量举债的风险主要在于决策者是否有意愿和能力将坏账损失分摊到多年。决策者能不能做到这一点，取决于：债务是否以决策者能够控制的货币计价。决策者能否对债权人和债务人施加足够的影响。
典型的债务大周期
我如何看待信贷和债务以信贷的方式赋予他人购买力，这本身显然是一件好事。相反的，不赋予他人购买力，使其无法去做有益的事情，可能会产生不利的后果。判断信贷/债务快速增长是好事还是坏事，取决于信贷产生的结果和债务偿还的情况。 相比信贷/债务增长过快，其增长过慢导致的经济问题同样严重，甚至会更糟，因为信贷/债务增长过慢的代价就是会错失发展机会。 由于信贷同时创造了购买力和债务，因此增加信贷是好是坏，取决于能否把借款用于生产性目的，从而创造出足够多的收入来还本付息。 大量举债的风险主要在于决策者是否有意愿和能力将坏账损失分摊到多年。决策者能不能做到这一点，取决于：债务是否以决策者能够控制的货币计价。决策者能否对债权人和债务人施加足够的影响。
The Big Cycle of Money, Credit, Debt, and Economic Activity
What most people and their countries want most are wealth and power, and money and credit are the biggest influences on how wealth and power rise and decline. If you don’t understand how money and credit work, you can’t understand how the systems works, and if you don’t understand how the system works, you can’t understand what’s coming at you.The Timeless and Universal Fundamentals of Money and CreditAll entities, people, companies, nonprofit organizations, and governments, deal with the sam...
The Big Cycle of Money, Credit, Debt, and Economic Activity
What most people and their countries want most are wealth and power, and money and credit are the biggest influences on how wealth and power rise and decline. If you don’t understand how money and credit work, you can’t understand how the systems works, and if you don’t understand how the system works, you can’t understand what’s coming at you.The Timeless and Universal Fundamentals of Money and CreditAll entities, people, companies, nonprofit organizations, and governments, deal with the sam...
How TikTok Inundates Teens With Eating-Disorder Videos
App’s algorithm can send users down rabbit holes into extreme content. TikTok is flooding teen users with videos of rapid-weight-loss competitions and ways to purge food that health professionals say contribute to a wave of eating-disorder cases spreading across the country. A Wall Street Journal investigation involving the creation of a dozen automated accounts on TikTok registered as 13-year-old, found that the popular video-sharing app’s algorithm served them tens of thousands of weight-lo...
How TikTok Inundates Teens With Eating-Disorder Videos
App’s algorithm can send users down rabbit holes into extreme content. TikTok is flooding teen users with videos of rapid-weight-loss competitions and ways to purge food that health professionals say contribute to a wave of eating-disorder cases spreading across the country. A Wall Street Journal investigation involving the creation of a dozen automated accounts on TikTok registered as 13-year-old, found that the popular video-sharing app’s algorithm served them tens of thousands of weight-lo...
