Gambling

Soft Sharia Emerges In Turkey

The good news about Turkish justice is that despite 15 years of not-so-creeping Islamization, court verdicts do not yet sentence wrongdoers to public lashing, stoning, amputations or public hangings in main city squares. The bad news about the Turkish justice system is that it is increasingly religiously ideological...

Frontrunning: June 14

  • Federal Reserve Expected to Deliver Rate Increase (WSJ)
  • Fire engulfs London tower block, at least six dead, more than 50 injured (Reuters)
  • Children lost, baby thrown to safety (Reuters)
  • Democrats Accuse Sessions of ‘Stonewalling’ (BBG)
  • World stocks march on as Fed rate hike looms, dollar steady (Reuters)

Debt Has No Consequences? Color Us Skeptical

"The entire status quo is based on the delusion that rapidly rising debt will never generate any negative consequences. Color me skeptical of that working out in the real world."

Projecting The Price Of Bitcoin

The Network Effect can become geometric/exponential very quickly...The wild card in cryptocurrencies is the role of Big Institutional Money.