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Podcast: Inflection Point
Episode: Ray Dalio Changes his Mind on Bitcoin, Stock Buybacks Skyrocket, Everything is Money Illusion
Description: In this week's episode, Mark and I start off with Ray Dalio's comments about Bitcoin, Gold and Ethereum. Spoiler alert - minds are being changed! Next we get into the increasing politicization of crypto, and the battle lines being drawn between the Dems and the GOP.Next we get into breadth in the Nasdaq as a potential sign of worry (thanks Bear O'Shea for the flag!), record stock buybacks amidst insider selling, and finally the growing percentage of net income explained by the stock market.We end this week's episode on a philosophical question...