Social Security and Medicare’s unfunded liabilities total over $100 trillion! People believe, falsely, that these promises are funded in some way, that the money they’ve paid into the system over the years will be there for them. That’s all nonsense. The money was never invested. And you don’t own the rights to anything.
The LA Lakers NBA basketball team was recently sold for $10 billion. It sounds like a great deal, since the seller paid $68 million for the team in 1979. But that investment has underperformed the S&P 500 by about $3 billion. A similar investment into other great businesses would have made even more.
Over time, the establishment of stablecoins will lead to a complete revolution in banking. This is like Netflix coming for Blockbuster. All of the reasons physical banks needed to exist just disappeared.
Stablecoins are a threat to world’s payment networks like Visa, Mastercard, and PayPal, but they are a far bigger threat to banks. If you can use and hold stablecoins safely, you simply won’t need a bank anymore.
With tension high in the Middle East after Israel attacked Iranian military sites, we turn the focus today to what happens to the economy and markets when there is violence in the region. The suggestion on how this should affect your investing… surprising.
Nvidia is changing the world in ways that are very hard to believe. A combination of never-seen-before computing power and never-seen-before annual increases to performance has the impact of delivering decades worth of innovation.