Posts Tagged
‘cryptocurrency’

Cryptomania is fast becoming a dangerous, money-losing proposition for investors, according to a recent bulletin from the Consumer Financial Protection Bureau (CFPB). The CFPB announcement dovetails with a flurry of reports last week about the collapse of cryptocurrency exchange FTX, leaving possibly more than 1 million creditors at risk of losing tens of billions of [...]

The Mission portfolio team is not fond of cryptocurrency for many reasons. Basically, the cryptocurrency world is full of fraud—from the false allure and promise of Ponzi schemes, to poor security for crypto “wallets,” to “rug-pulls.” The latter (derived from the expression “pull the rug out from under you”) has become a popular scam in [...]

If we’re unconcerned about the price we pay, there are several reasons to buy stocks today. Thanks to copious stimulus from the Federal Reserve, common stock indexes have continued their march upward, and most securities analysts are forecasting further gains. Notwithstanding the Fed’s generosity, however, U.S. Treasury notes and bonds and investment-grade corporates  lost money [...]