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Pantera Capital CEO: Bitcoin Has Only Been This "Cheap" 20% Of The Last 11 Years

Pantera Capital CEO: Bitcoin Has Only Been This "Cheap" 20% Of The Last 11 Years
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Inflation is soaring in the US and UK—here's what it means for the art market


US inflation figures rose to 4.2% in April, an eleven-year high
© Chronis Yan
I do not think it is an exaggeration to say history is largely a history of inflation, the Nobel prize winning economist Friedrich von Hayek wrote in 1978.
Is price-based history about to rhyme or to be insignificant?
In April, US inflation figures confounded analysts by rising to 4.2%, an eleven year high, while the UK s inflation rate more than doubled. Fear of price rises have been growing with the after effects of the virus lockdowns due to supply constraints and pent up demand.
Reflecting this, commodity prices and bond yields have been rising from their low points in April and July 2020 respectively. Both are now above their immediate pre-pandemic levels, in the first instance significantly so. Prices of commodities such as lumber, copper, iron ore, corn and semiconductors have gone through the roof, now with much higher costs for hotels, cars and ticke ....

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NJ's latest foray into (modest) borrowing | NJ Spotlight News


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Gov. Phil Murphy’s administration is finalizing the sale of $400 million in state general-obligation bonds, debt that will finance school, library and environmental projects already approved by voters.
Under terms of the bond sale reviewed by administration officials on Thursday, the debt is being issued this month with a 20-year maturity and a true interest cost of just over 2%.
“We are encouraged by the strong demand investors continue to show for New Jersey paper as evidenced by the low true interest cost we received and the number of parties that bid, which is a sign of the faith investors have in the state’s credit,” said Treasurer Elizabeth Maher Muoio. ....

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