Markets

[Note: This content is for educational and entertainment purposes only. Consult a professional before making or changing investments.] Did the Coal-Mine Canary Just Byte the Dust?  NOTHING EXEMPLIFIES today’s progressive abstraction of reality and value  better than bitcoin–or say better than cryptocurrencies (bitcoin is the largest of many).   Over the last few hundred years, systems for a medium of exchange (and store of value, etc.) went from physical gold and silver coins to paper currency (notes) that did represent some quantity of a valued commodity (e.g. pound sterling or gold standard US dollar) to a completely confidence-based currency (“fiat” currency e.g. most world currencies today) to bitcoin (a unique algorithm among a finite supply of them). As I looked back on the economics class I

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Movies

Trial of the Chicago Seven A riveting film considering the events are part of history. Heavyweight actors abound in the cast of a film worthy of its many awards.  Mark Rylance, a favorite actor (Dunkirk, Bridge of Spies, Ready Player One), plays the attorney for the defense. Michael Keaton shows up in a special role to name only two. This film brought to light the confrontations up to and after the 1968 Democratic Convention in Chicago when a group of activists planned anti-war and counterculture protests at a nearby park.   Justice itself goes on trial here and it’s only before the credits roll that you learn what happened afterward. A number of people put years of  their own freedom on the line for the

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  IN MY MOTHER’S kitchen, and taped to the door of a cabinet where cups and plates are kept, is a laminated Catholic Diocese card. The card is divided into two distinct sections. The top part is titled The Corporal Works of Mercy. The “works” are ministrations to be made and observations to be kept in caring for –to name some of them–the poor, the sick, and the dead. The lower part describes The Spiritual Works of Mercy. This section addresses, among other items, forgiveness toward the wretched and prayers for the dead.  The Diocese card made it clear that Mercy took the form of both Thought and Deed. Earlier this week, after a spate of cool, damp weather had broken and given way to a

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Markets

[Authors Note: This material is for entertainment and educational purposes only. Consult an investment professional about your personal investment needs and preferences for risk] I HAVE BEEN AN AVID OBSERVER  for thirty years as markets have made their seemingly inexorable rise despite manias and crashes and soaring national debt. I read about historical markets and the concomitant calamities and mostly booming recoveries therefrom.  I wish I had a dollar for every conspiracy theory and every method of prediction or forecasting I have come across. I even had a financial radio show in 2005-6. All of my guests–many of them prestigious–predicted the crash to come, though two years early.  The current market condition–like much of what else has happened in the last five years–continues to have

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Movies

TOM HANKS doesn’t make bad movies, though he has been part of so many great ones that many, like this one, are merely “good” or “worthwhile.” News of the World takes place not long after the Civil War-where a  lot of things had been disrupted, of course, and not yet returned to their proper place [Over 150 years later this remains true]. There aren’t many jobs that allow you to earn a living to avoid going home, but Hank’s character, Captain Kidd, found one. Part  performer, part civil servant, and former soldier, Kidd travels about the Middle West to read to townspeople from a collection of domestic newspapers. He has to be part diplomat, too because in every audience he is sure to have sensitive

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