Signs of market froth are rising in both digital and traditional assets. As we show, 10-20% fees on transaction value makes no economic sense, but that is the reality on Ethereum today. This points to expectation of higher asset prices offsetting the punitive fee. Rivian, the recently IPOed electric vehicle maker, reached a $150bn market […]
Archives for November 2021
US Inflation Surge
US inflation surge is the big news this week in the media, although The Dispatch is tired of the subject. Last week, we reiterated our high inflation view in Dispatch #36, which was first laid out in Dispatch #23. We continue to see shelter inflation catch-up offset the coming slowdown in transitory items that are […]
US Inflation Upswing Remains
US inflation upswing remains in place even as the Federal Reserve says it’s transitory and announced a only a gradual reduction of QE. This means the Fed will only slow the purchase of Treasury Securities, with the balance sheet continuing to grow until ~June 2022. Despite the Fed dismissing inflation risks, the key indicators followed […]