Bitcoin vs. the Dollar
Bitcoin: Can a Computer Mining Game Become a World Wide Currency?
Podcast Summary
0:00-10:24 discussion of the Fed’s intention with respect to tapering QE against the backdrop of a budget deal and recent economic reports;experimental taper to test the market?;tapering still means expanding the Fed’s balance sheet; the impact of tapering QE
10:24-22:10 the impact of QE on real estate and the employment market;qualified residential mortgage rule; HARP 3.0;will the Fed give up on real estate and allow rates to rise? How the Fed might handle damage control post taper
22:10-29:10 discussion of the deficit, stimulus and QE as permanent features of the economy, how the Fed retains credibility; one symbolic taper and Janet Yellen;
29:10 -31:40 What will Ben Bernanke’s legacy be?
31:40-39:55 Harp 3.0; low interest rates
The Bitcoin Bubble
39:55-50:45 economic ignorance, Bitcoin- a computer mining game being considered “money”, how the Fed works;advantages of a 30 year mortgage;impact on inventory as home prices rise; can Bitcoin’s artificial scarcity be taken seriously?; Bitcoin vs. the Dollar; Bail ins and Bitcoin; do it yourself currencies to proliferate; Gold and Silver vs Bitcoin; speculative assets vs hard assets
50:45-53:00 Amazon’s revenues and stock price in a bubble economy
53:00- Credit tip of the week