The best time to prepare for a storm is when the sun is shining bright.

Things are always changing

Even though value has done well on an absolute basis since the bottom, it still has a long way to go to catch up with growth

On today’s show we discuss

-The concentrated ownership in Bitcoin
-How to explain Crypto shadow banking
-Why I might be paper hands, and much more

Housing prices are red hot. That doesn’t mean they’re going to crash.

It’s a lot easier to make the bear case right now

There’s a good reason why companies are “losing money”

On today’s show we discuss:

-Why rich people prefer collectibles over gold
-Why GDP might not work as well as it used to
-How to “pay” for the infrastructure spending, and much more