Author: Pat Baldwin

“There is a change in mindset that’s taking place, a greater recognition that we can do better.” – President Barack Obama “A crisis is a terrible thing to waste.” – Economist Paul Romer In the midst of a boatload of bad news these few weeks, there was a huge sign of hope. The World Economic […]

Over the weekend, we witnessed the popular protest movement Black Lives Matter spread across the Atlantic, as hundreds of thousands of people across the globe have taken up the call. While I applaud the fact that people are waking up to racial injustice and certainly support this cause, one can’t help but wonder what impact […]

Today we solemnly remember a great massacre that took place in Tiananmen Square Beijing on this day 31 years ago. It’s not something we’d highlight every year from a global macro perspective, but given everything that’s going on in the world today, it seems only fitting to pay respects to a popular uprising that met […]

By far, one of the most written about subjects in the financial world at the moment is the great disconnect between what’s happening in the economy and what’s happening in the stock market. The reasons by now are clear to all. It’s not about any potential COVID-19 cure or speculation on a miraculous economic recovery […]

Go on, take the money and run. Hoo Hoo Hoo! So goes the classic song from Steve Miller Band. Not only does it have a groovy beat, but it also tells a story. By far, it’s the chorus though that gets most people. When you’re flying by the seat of your pants, sometimes it’s best […]

Bitcoin has “digital scarcity” because its total coin supply is limited to a maximum of 21 million coins. The concept of digital scarcity that has been pioneered by Bitcoin has expanded to include so-called crypto collectibles. Unlike Bitcoin, crypto collectible tokens are each unique in their own way and can represent value beyond the digital […]

Two Papa John’s Pizzas for 10,000 bitcoin was deemed reasonable at the time, at today’s exchange rate, that would be $91 million. So I hope the toppings were included. Seriously though, it’s tough to imagine a time when each bitcoin was worth less than half a cent. Unwavering Confidence Once again, the pattern repeats. The […]

Memorial Day in the U.S. is used to coinciding with the U.K. spring break holiday, but Eid al-Fitr hasn’t come out in May in several decades. There’s certainly something interesting about the way that all international calendars are colliding this year, almost as if someone or something is trying to promote unity among the nations […]

In the classic fable The Ant and the Grasshopper, you’ll remember the ant worked hard all summer to prepare for the winter, while the grasshopper sat around playing jazz violin. “You gonna store away any food?” asked the ant. The grasshopper waved him away. “I’m practicing my arpeggios, man,” he said, folding his long legs […]

Ever since the halvening event, Bitcoin has been running slowly and it’s starting to cost users. This is something we’ve discussed in prior articles at length, but I wanted to use it here to pivot the conversation to a more productive tone. Craig Steven Wright is a liar and a fraud. Or, so claims a […]