Showing posts from July, 2017

The Upcoming Change: Bitcoin Cash

I support Bitcoin Cash. It is a worthwhile move towards merchant based activity which will support a fundamental price basis.
There will now be two separate versions of the blockchain (Bitcoin) with a shared history (assuming all goes well Aug. 01). This smaller version represents 20% of the actual market BTC value. Basically acting like a cash future. Bitcoin Cash brings sound money to the world. Merchants and users are empowered with low fees and reliable confirmations. The future shines brightly with unrestricted growth, global adoption, permissionless innovation, and decentralized development. 
Bitcoin Cash Info: Forbes Article on Bitcoin Fork During Aug. 1 -
Coinbase Blog: What Is A Bitcoin Fork ? -

San Fransico Building Height Zoning Rules

Animal spirits and real estate bubbles are some of my favorite economic subjects to study.
SF is the best bubble to look at. It is a controlled bubble, with a high supply of money.
The bubble in San Fran is a unique mix of limited supply, high demand, a higher concentration of income, and zoning laws which limit development. The below map indicates zoning restrictions on height. Yellow represents areas limited to 40 ft height restrictions.

Afraid of losing their iconic views, San Franciscans started passing referendums that established "sunset zoning," making it illegal for tall buildings to put any city park or public square in shadow for more than an hour after sunrise or an hour before sunset. - Business Insider

Map by Mike Shiraldi

June FOMC Minutes and Payrolls


United States Employment Situation
Prior: 138,000
Consensus: 170,000
Consensus Range: 140,000 to 200,000
Actual: 222,000
Bonds are in bear market (Dahlio echoes Bill Gross)
“The directions of policy are reversing,” with central banks slowing the flow from their proverbial punch-bowls of stimulus, Dalio, chairman of Bridgewater Associates, the world’s largest hedge fund, wrote in a July 6 note. “Our responsibility now is to keep dancing, but closer to the exit and with a sharp eye on the tea leaves.” - BBERG

ADP/Moody’s: 158,000 private-sector jobs created in June 2017
Expectations: 180,000 jobs

ADP/Moody's count is estimate and was off the previous month by over 50,000. Actual results come tomorrow (6/7/2017)

Fed Minutes of June 2017 Meeting
Reducing Fed’s $4.5 Trillion balance sheet

Several officials want to start by end of August and others want to wait until year end

No timetable released

Parameters: $10 billion monthly in quarterly increments until its $50 billion monthly; wi…