Bitcoin Bonanza

By Econ70 | 12/04/2013

By combining reliability, anonymity, file-sharing technology and peer-to-peer consensus to confirm transactions, Bitcoin is an amazing technology that fulfills a market need. I fully expect other copycat institutions with deeper pockets and more credibility to eventually follow. While Bitcoin has a nefarious side, that’s no reason for it to be stopped. As for investing in…

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Happy Households

By Econ70 | 11/26/2013

In a sign that household deleveraging may be over, outstanding household debt grew by $127 billion in Q3 and now stands at $11.28 trillion. While down 11% from the peak of $12.7 trillion set in 2008, after essentially 20 straight quarters of deleveraging, this is great news. Mortgage debt rose by $56 billion, credit card…

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