The current price action makes it increasingly clear that crypto breaks cyclical patterns of the past. In bitcoin’s short three-cycle history, each cycle saw the token price drop to the 200-week moving average (wma) at the depth of the bear market. However, the price did not fall below the prior cycle high. The current price […]
Defi
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 […]
Pension Fund Announces Crypto Investment
The Houston Firefighters’ Pension Fund announced crypto investment last week to become the first US institution to disclose an allocation to digital assets. While there has been speculation of institutional investor participation, the $25m investment in bitcoin and ether by the $5.5bn asset fund, is the first official announcement. Could this event lead to the […]
Energy Policy and Future Supply Crunch
This week’s focus is energy policy and how it contributes to energy supply crunch. Simply put, we are attempting the clean energy transition by vilifying traditional sources of energy. This is leading to underinvestment that is likely to cause sustained higher prices to consumers. Despite The Dispatch wanting a cleaner, lower carbon future, it has […]
Social Security Insolvency is Looming
Dispatch #29 – 2021 September 10th, 2021 Looming Social Security insolvency, highlighted in the 2021 Trustees Report, is the lead story this week. The retirement Trust Fund (called old-age insurance) is set to run out in 2033 and the Medicare Trust Fund will be empty even earlier in 2026. How’s that for just around the […]