Many more automakers beyond Nissan are trialing subscriptions, like Mercedes-Benz, BMW, Porsche, Audi, Volvo, Cadillac, and Jaguar. Even the big car rental companies, Hertz and Enterprise, are getting in on the action.
-- Andrew J. Hawkins, The Verge
Volvo subscription service is growing faster than expected
I have no ideas why Bitcoin is going up, nor does anyone else. You will hear people wax on about China, money supply, politics and yada yada yada but it’s just noise.
-- The Freedom Of Speech Bull Market … and Bitcoin
Maybe so. Bitcoin has been around (as a real thing) for less than a decade vs. the U.S. Dollar, which has been around (again, as a real thing) since World War II. One can wax poetic about gold, silver or a piece of early art, but the yardstick is currently the U.S. Dollar. The concept of Bitcoin is legitimate, but like anything new it has to pay its dues and survive the test of time. Perhaps not sixty years like the U.S. Dollar, but if it can demonstrate another three to five years of stability, it might gain wider acceptance as a storer of value. By comparison, the Euro in U.S. Dollar terms, was worth about $1.50 as recently as 2011 - less than a decade ago. Currently, a Euro is worth $1.09, roughly 30% lower.
What does all of this mean about Bitcoin? In my opinion it means that to not be in Bitcoin is to not be diversified against shifts in geopolitics. We value the U.S. Dollar at a premium in part because of our recency bias, but in reality nobody knows where it will be in ten years. Do I want to be in U.S. Dollars? Of course. But I also want to be in Bitcoin. Not because Bitcoin's future is uncertain (it is) but because the future is uncertain.
I believe that the 1/29 Federal Open Market Committee (FOMC) statement and Federal Reserve Chair Jerome Powell’s same-day press conference suggest that the Fed is likely to stay on hold through the end of this year. Furthermore, the Fed’s next move, whenever that comes, is likelier to be a rate cut than the start of more hikes. That’s because Fed officials remain concerned that inflation has stayed stubbornly below their 2.0% target.
-- Dr. Ed's Blog
This is definitely the prevailing wisdom, right now. I'm taking the other side, with an overweight position in TIP (the iShares TIPS Bond ETF) vs. intermediate Treasuries. The prevailing wisdom could certainly end up being right, but in my opinion the inflation risk is to the upside, not the downside.
- Anchor Steam
- Lagunitas IPA
- Pliny the Elder
- Sierra Nevada Pale Ale
- Trumer Pils
- Boont Amber Ale
- Racer 5 IPA
- Fort Point KSA
Kind of old guard brews in this list, but maybe that's to be expected for a Hall of Fame. Perhaps hazy needs a few more years to prove it's not a fad! There are lots of great beers in NorCal - check out the San Fran Chronicle's story.