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 […]
crypto adoption
52% of Institutional Investors Own Crypto
52% of institutional investors own crypto assets, according to Fidelity’s 2021 Digital Asset Study, a robust survey of 1,100 global institutions. 71% of Asian institutions in the sample have already allocated to crypto, 56% in Europe and only 33% in the US. The Dispatch is not surprised that US institutions’ adoption trails offshore peers because […]
Bitcoin improves portfolio returns
Dispatch #27 – 2021 August 20th, 2021 The focus story this week is the absolute and risk adjusted return enhancement from adding bitcoin to traditional 60:40 portfolios. We highlight the study by Econometric, a blockchain analysis firm, that illustrates the superior outcome over most historic time horizons if a portfolio added and kept a 5% […]
Tether reserve risks are serious & more stablecoin regulation is coming
Dispatch #24 – 2021 July 23rd, 2021 This week The Dispatch looks at the stablecoin market and the risks posed by a lack of reserve audit at Tether, the largest stablecoin. Additionally, there’s clear evidence of US authorities desire to impose additional oversight of stablecoins, which could well be a positive. It is ironic that […]
Rents Will Keep Core-Inflation High for Longer
Dispatch #23 – 2021 July 16th, 2021 This week’s Dispatch is going to focus on Inflation, to explain how rising rents will keep core-inflation high for longer. We’ll look at the composition of the CPI basket, what items are most heavily weighted and how price data is diverging from reality. Housing, the largest weight at […]