Inflation, Financial Markets, and Bitcoin

Victor Levinson Comments, Digital Assets

INFLATION AND THE FINANCIAL MARKETS As the financial media continues to stress the role of inflation in the financial markets, we will discuss this topic of inflation here in the US. The Ibbotson 2020 SBBI (Stocks, Bonds, Bills, Inflation) Yearbook describes inflation as “the rate of change of consumer goods prices,” with the figures coming from the US Department of …

Bitcoin and Blockchain Technology

Sam Ngooi Comments, Digital Assets

Last month we focused on whether Bitcoin should be considered an investment, and we agreed with those who concluded it should not be considered a traditional one. This month, we continue the conversation by making the important distinction between Bitcoin and other cryptocurrencies on the one hand, and the underlying technology for these currencies, known as blockchain. Note: The following …

Bitcoin & Interest Rates

Sam Ngooi Comments, Digital Assets

Since Bitcoin has become a very popular topic of discussion in and out of the financial world, we thought it was time for Park Piedmont to add our viewpoint. As you might imagine from a firm that advocates long-term investing with asset allocations implemented using low cost index funds, even the mention of Bitcoin would be highly questionable. Nevertheless, we …