Shiba Inu And Other Fungus Growing On Our Economy
In my latest podcast, I point to what a bad omen I think the Shiba Inu run-up is - and why I think crypto is going to end in cataclysm at some point.
On my latest podcast I take a cold, hard, sober (not actually sober) look at:
How Shiba Inu and the rest of the crypto market has been quietly intertwining itself with our financial system. I lay out why, and how, I believe this to be a potential Achilles Heel in the making for the global economy.
I also talk about updates to the Tesla gamma squeeze saga, and point out how peculiar I think it is that Tesla is the one stock that has driven Cathie Wood’s success. What would her track record be ex-Tesla? How have the rest of the picks from her “Innovation” ETF faring?
I update my uranium bull case slightly, noting some recent developments in Japan that seem positive for nuclear power.
Finally, George Gammon was also kicked off YouTube this week, before being reinstated. I go to bat for both George and Anthony Pompliano, who also had the same issue weeks ago. Most importantly, I talk about - censorship argument aside - why this is just bad business practice for Google.
You can read my recent update on Japan and nuclear power here:
Additionally, I posted two new interviews this week about finding stocks in the shipping industry, which you can start by reading Part 1 here:
Finally, I laid out several of my assertions about crypto on Twitter this week, noting that I saw it mostly as a blowoff valve for liquidity:
And that there will be real pain when the “asset class” encounters its first real crash:
I discuss these takes further on my podcast. Podcast listeners can subscribe to my blog and get 20% off normal pricing:
You can listen to the entire podcast here, for free:
I own URA, URNM, CCJ and have tons of uranium stocks and options. I am short ARKK and the QQQ. I am long ZIM. None of this is a solicitation to buy or sell securities. It is only a look into my personal opinions and portfolio. These positions can change immediately as soon as I publish this, with or without notice. You are on your own. Do not make decisions based on my blog. I exist on the fringe.
These are not the opinions of any of my employers, partners, or associates. I get shit wrong a lot. If I am here listing things I got right or things I think will happen in the future, note that there are likely twice as many things I got wrong over the same period of time. I’m not a financial advisor, I hold no licenses or registrations and am not qualified to give advice on anything, let alone finance or medicine. Talk to your doctor, talk to your financial advisor or your therapist. Leave me a alone and do your research elsewhere. If you can find somewhere to rate this Substack one star, please do so as to save future readers from the misery of my often wholly incorrect prognostications.