Global stocks and U.S. bond markets on Monday shrugged off day three of the US government shutdown in Washington, although the dollar pulled back as the euro continued its strong start to the year, while U.S. stock index futures were basically unchanged.
"Governments created cryptocurrencies... Policy decisions from the most mundane regulations to the bank bailouts pushed the alliance of hard-money advocates and cryptography experts together to form Bitcoin..."
"We’re about to hit a tidal wave of consumer charge-off activity. We’re working on positioning ourselves to buy a lot of that. That whole defaulted subprime consumer finance ecosystem is going to be very interesting."
"if you look at all the obvious problems from the financial crisis, we really kind of solved none of them. And we went on a different way, and we basically, went the bailout route. And said we are going to create a whole lot of moral hazard, and we're going to sweep as much of this stuff as in the rough under the rug as we can,