A Difficult, but Also Exciting Year…

Dear Readers,

Another year is coming to a close, and the team at Acting Man wishes you and your loved ones a Merry Christmas / Happy Holidays and all the best for the new year.

You have probably noticed that your main scribe was a lot less prolific this year than he normally tends to be; unfortunately, we were held back by health-related issues. We remain among the quick though and will try to increase our posting frequency again. After all, it is not as though nothing interesting were happening.

 

We felt a bit like Santa feels in this picture this year, but we are recovering. Santa recovered too, just look at the stock market at the end of the year for evidence.

 

Particularly in the shorter term we plan to catch up a bit by finally bringing some of the updates we long planned to do, but didn’t get around to. One of the topics we plan to discuss will be the bitcoin/ alt-coin space, which was the one thing that made 2017 quite exciting.

The rapid bubble-like advance this year has triggered a lot of debate, with supporters and detractors of crypto-currencies alike appearing to become more strident and zealous in making their case. Let us just note here that the move was less of a reflection of the merits of bitcoin, but rather a reflection of the merits of the fiat money against which it trades.

Both the technological advance represented by the blockchain and the possibilities it opens up and the monetary potential of crypto-currencies merit serious debate though. Cavalier dismissal is not the appropriate stance in our opinion. More on this soon.

 

Bitcoin daily in 2017 – the wild ride – click to enlarge.

 

Since 2017 was also the first full year of the Trump administration we decided we will write a retrospective. Suffice it to say that some of the things we witnessed this year left us quite astonished, to put it mildly. The president may come often across as uncouth, but his actual political agenda at most appears mildly reformist so far (i.e., contrary to how he was and continues to be painted in the media, he is definitely not Hitler).

 

Trump and his famous all-embracing shrug. Yes, he comes across as a buffoon at times… but as it turned out, he’s actually not Hitler (some people seem to be disappointed, oddly enough). His long list of enemies continues to argue in his favor.

 

Lastly, who would have thought back in 2007 – 2009 that the world would be immersed in the third major stock market bubble since the 1990s after such a short time? In fact it is arguably the biggest asset bubble of modern times, and  2017 certainly felt like an exclamation mark in that respect.

Anyway, enjoy your holidays and hopefully you will see more from us in the coming year. In the meantime, we also wanted to remind you that a donation to this site is a tried and true method of warding off visits by Krampus and will generally positively contribute to your spiritual well-being. And yes, we do take bitcoin too…:)

 

Chart by: CryptoWatch

 

 

 

Emigrate While You Can... Learn More

 


 

 
 

Dear Readers!

You may have noticed that our so-called “semiannual” funding drive, which started sometime in the summer if memory serves, has seamlessly segued into the winter. In fact, the year is almost over! We assure you this is not merely evidence of our chutzpa; rather, it is indicative of the fact that ad income still needs to be supplemented in order to support upkeep of the site. Naturally, the traditional benefits that can be spontaneously triggered by donations to this site remain operative regardless of the season - ranging from a boost to general well-being/happiness (inter alia featuring improved sleep & appetite), children including you in their songs, up to the likely allotment of privileges in the afterlife, etc., etc., but the Christmas season is probably an especially propitious time to cross our palms with silver. A special thank you to all readers who have already chipped in, your generosity is greatly appreciated. Regardless of that, we are honored by everybody's readership and hope we have managed to add a little value to your life.

   

Bitcoin address: 12vB2LeWQNjWh59tyfWw23ySqJ9kTfJifA

   
 

6 Responses to “Season’s Greetings”

  • Solon:

    Your site is consistently one of the top reads on the Internet, Pater, thank you. But despite having a top end crew to pick up the slack, you were dearly missed (I’d triple read the graphics captions to make up for it, lol). I was hoping the reasons weren’t health-related, but they are what they are. I hope the new year brings you better health and renewed spirit. And all the best of the season to you and yours!

  • Hans:

    A belated Christmas to all. Frank you, Mr Tenebrarum for providing
    this free website.

    For the new year, a happy bitcoin to all believers!

  • Treepower:

    Vale, Pater.

    Habeamus omnes mentem sanam in corpore sano.

  • No6:

    Season’s greetings Pater
    I think the next few months/ years will prove to be interesting times providing you with much stimulating material to write about.
    I for one will be reading it and setting my sail accordingly.

  • jks:

    Thanks for the site, Pater. Best wishes and get well.

    • M.N. Gordon:

      Hear, hear! Thank you, Pater. Wishing you good health and good cheer in the years ahead. Looking forward to more of your shrewd analysis, original and perceptive insights, and sharp wit and wisdom in 2018.

Your comment:

You must be logged in to post a comment.

Most read in the last 20 days:

  • Circling the Drain
      Drain, drain, drain...   "Master!", cried the punters, "we urgently need rain! We can no longer bear this unprecedented pain!" "I'm sorry my dear children, you beg for rain in vain. It is I who is in charge now and mine's the put-less reign. The bubble dragon shall be slain, by me, the bubble bane. That rustling sound? That's me... as I drain and drain and drain." [ed note: cue evil laughter with lots of giant cave reverb]   - a public...
  • Washington’s Latest Match Made In Hell
      Almost Predictable One of the more enticing things about financial markets is not that they’re predictable.  Or that they’re not predictable.  It’s that they’re almost predictable... or at least they seem they should be.   For a long time people believed – and from what we read and hear, many still do – that economic cycles move in easily predictable, regular time periods. All you had to do was create a chart of the up and down waves of your favorite cycle model...
  • The Bear Market Hook
      Has a Bear Market in Stocks Begun? The stock market correction into late December was of approximately the same size as the mid 2015/early 2016 twin downturns, so this is not an idle question. Moreover, many bears seem quite confident lately from an anecdotal perspective, which may invite a continuation of the recent upward correction. That said, there is not much confirmation of said confidence in data that can be quantified.   Our proposed bearish wave count for the...
  • The Real or Imagined Third Fed Mandate - Precious Metals Supply and Demand
      Fundamental Developments – Silver Looking Frisky The price of gold went up four bucks, and the price of silver rose 32 cents. Silver has been going up in gold terms since the middle of last week, when the gold-silver ratio peaked at just under 87. It closed this week at just under 82 (a lower ratio means silver is more valuable).   Silver: more valuable since last week, both in absolute and relative terms. Just avoid dropping it on your toes – it's still just as heavy as...
  • The Downside of Mindless Investing
      Unexpected Inflection Points High inflection points in life, like high inflection points in the stock market, are both humbling and instructive.  One moment you think you’ve got the world by the tail.  The next moment the rug’s yanked right out from under you.   The yanked rug... [PT]   Where the stock market is concerned, several critical factors are revealed following a high inflection point.  These factors are not always obvious at first.  But they become...
  • The Strongest Season for Silver Has Only Just Begun
      Commodities as an Alternative Our readers are presumably following commodity prices. Commodities often provide an alternative to investing in stocks – and they have clearly discernible seasonal characteristics. Thus heating oil tends to be cheaper in the summer than during the heating season in winter, and wheat is typically more expensive before the harvest then thereafter.   Silver: 1,000 ounce good delivery bars [PT]   Precious metals are also subject to...
  • Change is in the Air - Precious Metals Supply and Demand
      Fundamental Developments: Physical Gold Scarcity Increases Last week, the price of gold rose $25, and that of silver $0.60. Is it our turn? Is now when gold begins to go up? To outperform stocks? Something has changed in the supply and demand picture. Let’s look at that picture. But, first, here is the chart of the prices of gold and silver.   Gold and silver priced in USD – the final week of the year was good to the precious metals. As an aside: January is the...
  • The Chairman's Curse - Precious Metals Supply and Demand
      Something Odd is Happening The price of gold went up two bucks, while that of silver fell ten pennies. Something’s odd about how the metals have traded. Back when the market thought that the Fed was tightening, the prices of gold and silver were rising. Silver is now about a buck higher than its Oct-Nov trading range.   A timeline of brief bubble trouble followed by bubble restoration via Hedgeye. It starts in early December (upper left corner) when Santa refuses to provide...

Support Acting Man

Item Guides

Austrian Theory and Investment

j9TJzzN

The Review Insider

Archive

Dog Blow

350x200

THE GOLD CARTEL: Government Intervention on Gold, the Mega Bubble in Paper and What This Means for Your Future

Realtime Charts

 

Gold in USD:

[Most Recent Quotes from www.kitco.com]

 


 

Gold in EUR:

[Most Recent Quotes from www.kitco.com]

 


 

Silver in USD:

[Most Recent Quotes from www.kitco.com]

 


 

Platinum in USD:

[Most Recent Quotes from www.kitco.com]

 


 

USD - Index:

[Most Recent USD from www.kitco.com]

 

Mish Talk

 
Buy Silver Now!
 
Buy Gold Now!
 

Diary of a Rogue Economist