Archive for the ‘Investing’ Category.

Update on the Bubble

This morning on my short drive to work I heard a commercial that reminded me of the glory days of 2005.  First, it was a commercial for a home equity loan, a pitch that largely disappeared for a decade or so.  Second, though, the pitch said that you could take the money and put in in the stock market or -- I am not kidding on this, I think I got it word for word -- "buy the dip in the Bitcoin market".    There you have it:  Borrow against the theoretical unrealized price gain in your home and use it to market-time Bitcoin prices.  Take your paper gain in one bubble and apply it to a bigger bubble.  Nothing could go wrong there.