Bitcoin is rapidly gaining popularity. Despite the recent problems with the Mt.Gox bitcoin exchange, I think the Bitcoin protocol itself will prevail, and more and more people and businesses will start to use it. I’ve started to experiment with using Bitcoin myself, and found that it works really well. For instance, the Android Bitcoin Wallet makes… Continue reading »
Tension between Israel & the US and Iran has been growing the past few months. The economic sanctions are really starting to hurt Iran, but they are also hurting the West with higher oil prices. Blocking Iran’s oil exports is a big sacrifice in today’s tight oil market.
The US and Great Britain are back at it, releasing their strategic oil reserves “in an effort to prevent high fuel prices derailing economic growth in an election year”. Last year, they did the same thing while Libya’s oil production was offline. The effect on oil prices lasted for a whopping two weeks back then…. Continue reading »
It’s gearing up for the next round of financial crisis. While our so-called leaders have enjoyed their annual back-patting exercise at Davos, I have become exceedingly alarmed by what’s currently going on in the commodities markets. Food, energy and metals have all sky-rocketed during the last five or so months. While the financial markets have… Continue reading »
Virtually all mutual funds (aksjefond in Norwegian), charge their customer some percentage of their total account balance at the end of each year. This annual fee is most likely in the 2 – 3% range. This may not sound much, but over the years, it does add up: 0.98^40 = 0.45 0.97^40 = 0.30 What… Continue reading »