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 »
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 »
As the debt-crisis reached its preliminary climax in the fall of 2008, we were promised the collapse of society if the banks were not rescued with public funds. Maybe that’s true, but now is the time to think about building a better banking and money infrastructure. My personal experience with banks was increased somewhat over… Continue reading »
And here is the Google Gadgets version of the Commodities Widget. It supports exactly the same chains of commodities as the mac version: Energy: Crude oil, natural gas, heating oil and gasoline Softs: Sugar, coffee, cocoa and cotton Grains: Corn, soybeans and wheat Metals: Gold, silver and copper Currencies: US dollar index, Euro, British Pound,… Continue reading »