Economic literacy is sorely lacking in our country. When you read these lines, especially on a political news and opinion site, you might be thinking I’m going to be ranting and raving about how much…
Heresy Financial: Bitcoin Update: Pump & Dump
In this video, we look at a brief update on what caused the recent spike and fall in the price of bitcoin. As is usual, it was not due to just one factor, but a…
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CDC Reverses Stance on Masks for Vaccinated Americans
On Tuesday, the Centers for Disease Control and Prevention reversed its guidelines for vaccinated Americans. Now, the CDC says that vaccinated Americans should wear face coverings indoors to help protect against the delta variant. This…
Heresy Financial: Market Reversal: Dead Cat Bounce or…
In this video, we look at three key pieces of data that give us a clue about what to expect from the stock market over the coming weeks and months. We look at the trends…
Heresy Financial: Bank Collateral Shortage Going from Bad…
In this video, we look at the connection between what has been going on in the repo market and the upcoming debt ceiling suspension ending. Banks are currently experiencing a severe shortage of collateral, and…
Heresy Financial: Government Shutdown Likelihood Just Skyrocketed
In this video, we look at the recent news coming from Capitol Hill. There is a political clash taking place and it looks like Republicans will refuse to vote on the debt ceiling issue before…
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Jobless Claims Unexpectedly Rise From Pandemic-era Lows
Finally some good news. The number of Americans filing for first-time jobless benefits last week unexpectedly rose from pandemic-era lows to their highest level since early June. The Labor Department said Thursday that 419,000 Americans filed for initial…
Heresy Financial: The Truth About Money Velocity And…
In this video, we look at money velocity from every angle. First, we look at the math and the assumptions built into how velocity affects prices. Then we take a look at the long-term correlation…
Blue Origin Crew, Jeff Bezos Celebrate Successful Flight…
Jeff Bezos, the Amazon and Blue Origin founder, successfully launched into space and landed back on Earth Tuesday, all before 10 a.m. EST. Accompanying Bezos on the manned flight were 18-year-old Oliver Daemen, who replaces the anonymous…
Heresy Financial: Price Controls are Coming (and SHORTAGES…
In this episode, we talk about the mechanics behind when and why price controls are usually put in place by central governments. Then, we look at the results of price controls and why those results…