Last week, seven western central banks and the Bank for International Settlements issued a fascinating joint report on central bank digital currencies, pointing to a step towards the issuance of Central Bank Digital Currencies (CBDC).

The California Gold Rush brought over 300,000 people to The Golden State in the mid-19th century, promising treasures to travelers from other parts of the United States, Latin America, Europe, Australia, and China eager to strike it rich.  Unfortunately, the average forty-niner earned little more than they started with.

Blue and red seldom agree on anything these days, so when both camps find common ground on the same issue, it’s enough to make anyone’s ears perk up. Such was the case during last week’s Congressional Antitrust Subcommittee hearing, where four of tech’s biggest CEOs spent hours being grilled by Congress.

In December 2017, Evergreen ran three consecutive newsletters on that period’s investment zeitgeist: an uncontrollable, insatiable, and undeniable appetite for risk. This enthusiasm for risk manifested itself in an other-worldly rise in some of the planet’s most speculative assets.

For years, the concept of ‘the cloud’ was as cloudy as a winter morning in Seattle, Washington.  It seemed that only the techiest of tech people understood what the term meant and even fewer had a grasp on how the technology would revolutionize businesses, industries, and economies.