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Smoke and Mirrors

We at the Ribotsky Institute have long stated that cryptocurrencies are just the newest in a long line of scams perpetrated on society through financial engineering.   Since cryptocurrency does not really exist and is somewhere in cyberspace, it is a great tool to perpetuate fraudulent behavior. We certainly are not surprised that FTX was forcedContinue reading “Smoke and Mirrors”

Correction or Bear Market?

It was not so long ago that the stock market indices were trading at record highs.  More and more people were turning to equities and money was coming back into the market after the hiatus due to the COVID-19 Pandemic.  Market experts are perplexed by the increasing momentum of the market on the downside asContinue reading “Correction or Bear Market?”

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“The first lesson of economics is scarcity; there is

never enough of anything to fully satisfy all those who

want it. The first lesson of politics is to disregard the

first lesson of economics.”

Thomas Sowell