FTX, Umn, WTF?

Merriam Webster’s word of the day is “farce.” You know we like our “word of the day”. It’s a challenge sometimes to get the word into our missive. Today? Not so hard. [The Wiggin Sessions] November 18, 2022 [WEBSITE]( | [UNSUBSCRIBE]( FTX, Umn, WTF? “Fraud is the daughter of greed.” - Jonathan Gas [Addison Wiggin] Addison Wiggin Dear Reader, Merriam Webster’s word of the day is “farce.” You know we like our “WOD.” It’s a challenge sometimes to get the word into our missive. Today? Not so hard. Our Reader Mail is off-the-charts, well, mean. But from what we can tell it’s because of the meltdown at FTX. The affidavit filed before the court in Delaware on November 11, 2022 released yesterday shows a quick and dirty breakdown of an erstwhile $35 billion dollar company. Readers, you know who you are, are pissed. Crypto has its merits. We want to believe that’s true. But as with any new technology fraud and discord are bound to happen. Blockchain is going to be as useful as email, in my view. But our discovery process needs some 3.0 going on. The FTX story is not going away any time soon. In the meantime, let’s talk about art. Not the NFT form. Enjoy – Addison --------------------------------------------------------------- 14 November 2022 [The Perfect Commodity]( [Click here to learn more]( [This week on TWS:]( perfect commodity” with Allen Sukholitsky]( Chief Investment Officer at Masterworks, the leading art investment platform for self-directed investors. With all the talk about crypto crashing and another week of stock market pain ahead, we thought it would be smart to look into alternative methods of hedging against volatility and uncertainty. [Continue reading…]( --------------------------------------------------------------- 15 November 2022 [The Art and Finance of Fine Art]( [Click here to learn more]( While crypto and NFT’s are auguring into digital dust, we thought it would be a good idea to talk to Allen, who’d traded his senior global market strategist position at Goldman Sachs for the chief investment role at Masterworks. “I’ll tell you about my thought process,” Allen answered with aplomb. “While I was a Goldman, I was basically in a macroeconomic research and asset allocation capacity. I would research all the major asset classes. I would give views on what I thought was a more attractive or less attractive investment opportunity, how to think about them in terms of a portfolio, so on and so forth. That’s what I did.” [Continue reading…]( --------------------------------------------------------------- 16 November 2022 [Get Rich Slow ly]( [Click here to learn more]( Milton sponsored Mark to a couple of meetings with the Mont Pelerin Society. The Mont Pellerin society is so named because when the economist Frederich von Hayek assembled the first one to promote free markets at the close of World War II, they held it in Mont Pelerin, Switzerland. To join the club, so to speak, you have to be sponsored twice. Mark was sponsored by Milton Friedman twice in the 1980s and has been a member since. The good doctor Skousen said during our Wiggin Session he’d be willing to sponsor me for the next two. The next meeting is in Bretton Woods, New Hampshire. (Ahem). The one after that is in New Delhi, India. [Continue reading…]( --------------------------------------------------------------- 17 November 2022 [A Category 1 Economic Hurricane]( [Click here to learn more]( According to economists, the job market will likely deteriorate in the coming months. The U.S. may shed “over 1 million jobs by mid-2024.” This statistic is unbelievable… and, more scarily, probable. Feroli and Silver continue: There are already signs that firms’ appetite to hire is easing, and we expect that to continue next year to the point where we see outright declines in the monthly job figures in the second quarter of 2023. Markets are now rewarding companies that prioritize cutting costs, and labor costs. What’s that mean? Layoffs. [Continue reading…]( --------------------------------------------------------------- Enjoy your weekend, [Addison Wiggin] Addison Wiggin Founder, The Wiggin Sessions Sponsored by Legacy Research [Elon Musk Reveals New Tesla Future (and it’s not EVs)]( [Click here to learn more]( Tesla is an electric car company, right? Not for long… Details of [Elon Musk’s future plans for Tesla recently got out.]( And get this… Tesla is headed in an entirely new direction. Musk says it’s “probably [worth] several times that of what the car business is per year”… and it could soon be 50% of Tesla’s business. That’s because [this new trend is worth $130 trillion]( according to Forbes. But Musk isn’t the only billionaire gunning for all this money. Five billionaires are backing a tiny $4 company that could beat Tesla to the punch. It’s an epic billionaire battle with a $130 trillion grand prize. Former Goldman Sachs executive Nomi Prins recently explained what’s going on [in this video](. It includes a 30-second demonstration that reveals why these 5 billionaires are betting against Musk, and backing this tiny $4 company instead. [Click here to watch the 30-second demo](. Ed note: Got something to say? Send your feedback to The Wiggin Sessions [here.](mailto:WigginSessions@5minforecast.com) LISTEN ON [The Wiggin Sessions]( The Wiggin Sessions is committed to protecting and respecting your privacy. We do not rent or share your email address. By submitting your email address, you consent to Consilience, LLC. delivering daily email issues and advertisements. To end your The Wiggin Sessions e-mail subscription and associated external offers sent from The Wiggin Sessions, feel free to [click here.]( Please read our [Privacy Statement.]( For any further comments or concerns please email us at support@5minforecast.com. 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