Monthly Archives: May 2022

Bitcoin is off nearly 55% from its November peak, and 40% of holders are now underwater on their investments, according to new data from Glassnode. That percentage is even higher when you isolate for the short-term holders who got skin … Continue reading →

Even when we don’t owe a mortgage, personal use real estate is negative-carry–we spend money to maintain it rather than it paying us. As an investment property, real estate is supposed to generate enough cash flow to carry itself.  If … Continue reading →

Interest rates have risen sharply, and financial and housing markets are under pressure. With households holding a record amount of their net worth in highly-levered assets, this cycle’s contagion risks are higher than average.   It’s another good time to read … Continue reading →