Yet Another Asset Class

2022, Oct 13    

Today (Thurs, Oct 13, 2022) we get another CPI (core price index) report.

I heard an interesting blurb on a podcast yesterday suggesting that until the general public has completely lost interest in the CPI reports, the FOMC, and anything else coming from Mr. JP … the recession will continue.

But the point of this article and my associated thought relates entirely to the supposed safe hedge Bitcoin was supposed to represent. What once began as a clear and safe alternative to other US stocks, bonds, commodities, real estate, and everything else has ended up behaving exactly like “everything else”

Is crypto the safe alternative or yet another US asset class? What’s your thought