Financial Advisors Have to Take Notice of Cryprocurrency Investments $BTCUSD, $ETHUSD Perhaps the most interest among everyday investors in several years are cryptocurrencies like Bitcoin or Ethereum. But, the majority of financial planners are less excited. Wirehouses including: UBS (NYSE:UBS), Merrill Lynch Bank of America (NYSE:BAC) and Morgan Stanley (NYSE:MS) have forbidden their advisors from buying and selling […]
China’s Ban on Cryptocurrency ‘Killed’ Bitcoin Trading $BTCUSD China’s central bank has hailed it’s cryptocurrency crackdown a complete success. Declared by the People’s Bank of China (PBoC) and reported by state media, data apparently shows that the Chinese currency is now involved in less than 1% of all Bitcoin trades worldwide. The Big A: How did this happen? […]
Bitcoin Domination or Hyperbitcoinization? $BTCUSD Hyperbitcoinization is a state in which Bitcoin is expected to become the world’s dominant form of money. The fact that the digital currency is socially wired should work to its advantage when it comes to exponential adoption. Cryptocurrencies enthusiasts expect Bitcoin to displace legacy paper (fiat) currencies and become the […]
Overall Americans are a Pretty Happy Lot It was on July 4th, 1776 that the signers of the Declaration of Independence agreed that we colonial settlers (not immigrants) had the unalienable right to life, liberty and the pursuit of happiness. So King George, buzz off. The Big Q: How are we doing 242 years later? […]
Wall Street Pulls Support from Tesla (NASDAQ:TSLA) $TSLA Key Indicators Turning Very Bearish Tesla’s (NASDAQ:TSLA) CEO Elon Musk is on Twitter scolding news organizations for quoting analysts with a Bearish view of his struggling EV maker. Of the 31 Analysts covering the stock, 10 say to sell, or 32%, meaning the Bears are coming out […]
Dutch ‘Speed Trader’ Jumps in Cryptocurrencies $BTCUSD, $ETHUSD The EU’s largest trader of ETFs has moved into cryptocurrencies, ignoring regulator’s cautioning consumers and institutions not to buy or sell digital currencies. The Amsterdam-based speed trader Flow Traders NV is making markets in the 1st exchange-traded notes based on Bitcoin and Ether. XBT Provider, an issuer of […]
Polychain and the Future of Digital Assets $BTCUSD, $ETHUSD, $CME, $CBOE Today it is mostly crypto enthusiasts and technologists trading their assets. Tomorrow it will mostly institutions trading crypto assets. The professional traders have taken over from the ‘hobbyists’ Earlier this year, Polychain became the 1st crypto fund with more than $1-B in assets under […]
‘Hope’ Is Not A Keen Business Strategy As anyone who writes a book can attest, it’s both gratifying and nerve-racking to see how the ideas resonate with your readers. Since my colleagues and I wrote Strategy Beyond the Hockey Stick, we have been circling the globe discussing the research with the media, at conferences and, most […]
Why Bitcoin Should Work $GS, $BTCUSD In a recent interview at the Economic Club of New York, Goldman Sachs CEO, Loyd Blankfein, said he adopted a cautiously positive tone towards bitcoin, terming it a “consensus currency” similar to fiat currencies. He had criticized bitcoin last November and called it a “vehicle to perpetrate fraud.” CEO […]
Saudi Added to MSCI Emerging Markets Index, Huge Cash Inflows Seen MSCI said 32 major Saudi stocks will gain emerging market status Index provider MSCI confirmed that Saudi Arabia will be added to its emerging markets index from June 2019, in a move widely expected to help the Kingdom’s bourse attract greater investment. MSCI said […]
Cryptocurrencies: Japan ‘Clamps’ Down, Bitcoin ‘Falls’ Down $BTCUSD Bitcoin falls 8% after Japan watchdog orders exchanges to strengthen practices against money laundering The world’s largest digital currency hit a 4-month low of $6,092.38 and broke below $6,400 for the 1st time in a week. The order led bitFlyer, the largest crypto exchange in Japan to suspend […]
Looking at the DJIA Vs Gold and Silver Long Term $DIA, $GLD, $SLV, $MTAFF It is time to reduce exposure to Wall Street and shift the proceeds into Gold, Silver, the precious metals mining companies and the royalty streamers. Let us have a look at the 21st Century Bear markets. The high-tech dot.com bubble ultimately deflated […]
Investors are Pouring Money into Stock Funds $DIA, $SPY, $QQQ, $VXX Investors poured money into US ETFs (stock exchange-traded funds) during the latest week, restoring a Key pillar of support for markets, data from the Investment Company Institute showed. US-based equity ETFs collected $11.2-B during the week through 16 May, according to the ICI trade group, the […]
Bitcoin and Blockchain are Here to Stay $BTCUSD, $ETHUSD Thoughts on Bitcoin and Consensus 2018 The hottest ticket last week was in New York City. But unlike any Top-Tier event, you were invited … if you could afford it. At approximately $2,000, Consensus 2018 was the most expensive edition in the Bitcoin conference’s history. Despite […]
‘Lame Duck’ Robert Mueller Only Duty Left is to Write a Report So, wrap it up, stop wasting American taxpayers money and go find a job… Wednesday, US President Trump personal attorney Rudy Giuliani said that Russia special counsel Robert Mueller told President Donald Trump’s legal team that he would will not/cannot indict a sitting […]
Pre-Civil War Fiat Money was Issued Regionally by Private Banks $BTCUSD In the pre-Civil War era, 90% of US money was regionally issued banknotes from private banks. These currencies traded at different rates at different times and places. There were discount books in each town to keep track of how much each currency should be […]
Head of Iran’s Central Bank Hit With Terror Sanctions The head of Iran’s central bank declared a terrorist The United States designated the head of Iran’s central bank as a terrorist and barred anyone around the world from doing business with him, escalating financial pressure on Iran. Valiollah Seif, the Governor of the Iranian central […]
The Trump Effect: Iran’s Economy on Verge of Collapse, Regime Change Coming The Iranians are in great economic difficulties as a result of the renewed sanctions. The US took a step toward cutting Iran off from the global economy Thursday, levying sanctions on a financing network and accusing the country’s central bank of helping funnel […]
Cryptocurrency Regulation: New Laws, Big Changes Coming $BTCUSD There are Asian countries feeling the effects of inadequate cryptocurrency regulation, and others, like India, China and SKorea, have taken an uncertain or hostile stance to cryptocurrency. That frame is not likely to last too much longer Japan is building a clear framework for how virtual currency exchanges, and ICOs (initial coin […]
As the EU Splinters, ECB’s Draghi Pleads for Currency Reform $EURUSD European Central Bank President Mario Draghi Friday called for greater central government interference in capital markets, stating his desire for a fiscal instrument that would alleviate crisis-driven stress on weaker countries. The Head of the European Central Bank (ECB) is urging political leaders to […]
Iran’s Currency Network Sanctioned US Sanctions Iran Currency Network After Nuclear Deal Withdrawal Thursday, the US Treasury imposed sanctions against 6 individuals and 3 companies it said had funneled millions of dollars to the Iranian Revolutionary Guard’s elite Qods Force, just days after President Donald Trump withdrew from the Y 2015 Iran nuclear deal. The […]
The Year of the Security Token $BTCUSD Blockchain is 1 of the fastest growing ideas in recent history, and its revolutionary decentralized model is being appropriated by industries far and wide. Its popularity began with Bitcoin, the cryptocurrency, which is now almost 10 years old. Bitcoin was the seminal cryptocurrency back when it was just […]
Bitcoin: The Why, The Why Nots! $BTCUSD, $CBOE, $CME Bitcoin has been in the news for the past year, and a clear understanding about how the cryptocurrency actually works and its volatility has kept many professional investors and traders from considering it worthy. There surely is plenty of money to be made, but investors must […]
Tesla’s (NASDAQ:TSLA) Elon Musk, “an interesting man” $TSLA, $RACE, $GM, $F, $VLKAY Saturday, a Seattle fund manager noted that Elon Musk is “possibly the most interesting man in the world,” in a post on his firm’s website He did not refer to Wednesday’s conference call Mr. Musk held on the controversial financial travails of the […]
Bitcoin’s Key Resistance Stands at $10,000/each $BTCUSD After a strong 4 wk Bull Run which has seen the total value of all crypto coins spike 72% to $460-B. Bitcoin accounts for 36.1% of all coins is headed toward Key resistance at $10,000 and it’s 200-Day MA at $10,015, a closely watched technical gauge of momentum […]
In a Volatile Market Pay Attention, Keep Cool, Do Not Overreact $DIA, $SPY, $QQQ, $VXX Stocks rebound sharply off session lows, benchmark S&P 500 broke back above 200-day MA Heavily-weighted financial sector under-performs as yields decline across the curve Investors cautious ahead of Friday’s release of the April NFPs report Some tips for new investors that […]
This Market Could Be Saying ‘Buy in May’ $DIA, $SPY, $QQQ, $VXX An “upside-down” market may bode well for U.S. stocks, according to JPMorgan (NYSE:JPM). Established patterns look to be off in here, as bonds and equities move in tandem, stock prices climb along with volatility, shares fall despite strong earnings, and money flowed out […]
Coins/Tokens: Security Vs Utility $BTC, $ETH Cryptocurrencies and Coins/Tokens has not been for the feint of heart. What with the volatility, changes on the market, plus some fraudulent projects makes for a lot of things to worry about. And now some coins/tokens are considered as securities and became subject to US federal regulations. In July […]
Savvy Managed Money Is Paying Attention to Stocks Aimed a Millennials $DIA, $SPY, $QQQ, $VXX Monday, hedge fund managers, aka Managed Money, at the high-profile 2018 Sohn Investment Conference in New York pitched stock ideas ranging from online food ordering to home-builders that should benefit from the growing influence of the millennial generation. Millennials, a […]
Billionaire Founder/CEO of Twitter and Square, “Bitcoin will replace the Dollar” $BTCUSD, $TWTR, $SQ Twitter (NYSE:TWTR) CEO Jack Dorsey predicted that Bitcoin (BTCUSD) will eclipse all the world’s currencies in about 10 years . But the newly nominated new head of the New York Federal Reserve disagrees. In a speech Friday, the current San Francisco Fed President […]
Bitcoin, Using it as Money to Buy Stuff $BTCUSD, $SQ, $MSFT, $EXPE, $DISH, $ETSY Bitcoin is an investment asset, and it is also ‘Money’. And businesses that accepts Bitcoin payments are becoming closer to the mainstream you than you may think. Most people that I talk to look at cryptocurrencies an investment, a tradable asset, a […]
American Taxpayers ‘Will Never File Under This Code Again’ Tax Day is in the US, and most folks are not happy about it. The Big Q: Why? The Big A: Paying over money to your Uncle Sam following the tax code that for most seems designed to be punitive, unintelligible and always being concerned about […]
Ferrari’s (NYSE:RACE) F1 Budget Tops $570-M $RACE Ferrari (NYSE:RACE) is F1 auto racing’s most famous team and as such has the biggest racing budget. But, in the Maranello outfit’s latest financial statements contain the revelation that its research and development costs are actually reversing. In the past Ferrari’s finances were private. This started to change in […]
James Comey’s Credibility is “Shot” Thursday, former Arkansas Govenor Mike Huckabee said that fired former FBI Director James Comey’s new book will do “very little” to hurt President Donald Trump. Mr. Comey, who was fired by President Trump last May, is set to release a new book, titled “A Higher Loyalty,” which he says will illuminate […]
Trading: Master Your Emotions or They Will Master You These day in financial markets dominated by huge data, sophisticated analytical programs and quantitative strategies, concerns about the psychological aspect of trading may seem very strange. But, in reality a clear understanding of trading psychology very important. As it is when people forget to question motivations […]
Japan Proposes Legalization of ICO Fundraising $BTCUSD, $ETHUSD Japan has unveiled proposed guidelines for the legalization of raising money in the cryptocurrency space. A government-backed research group has put forward rules that would see ICOs (initial coin offerings) given regulatory definition and approval. An ICO is a means of raising capital by issuing and selling new […]
The Democratic Party is the Party of Jihad It will be the death of American democracy if the Democrats are successful in overthrowing the government of President Trump The Democratic Party has gone on the offensive and adopted the strategies of Jihad to overthrow the government of President Donald Trump, they have dubbed it “Resistance” […]
The $1.3-T Omnibus Bill is NOT a Federal Budget After 2 day’s of research on ‘The Art of the Deal’ The Big Q: Why is the Omnibus Spending Bill going no where? The Big A: It is NOT an official US Federal Budget. So, here we have it, US President Donald J. Trump outsmarted the […]
NSA Tracking International Bitcoin Activity $BTCUSD The NSA’s Bitcoin-Spying ‘Oakstar’ Project Focused on Counter-Terrorism Conspiracy theorists have long suspected the US government of trying to hobble the growth of a decentralized cryptocurrency market. Now there is a report that suggest that is true. One news outlet is claiming that it has obtained classified documents from whistleblower Edward Snowden, indicating that […]
IMF’s Christine Lagarde Urges Bitcoin Regulation $BCTUSD Regulation of Bitcoin and other cryptocurrencies must be considered now, Germany’s Bundesbank vice president Claudia Buch told Reuters Sunday, though she does not believe they pose a threat to financial stability. Ms. Buch said that speculation on volatile virtual coins and tokens does not pose a systemic threat […]
Bitcoin and Cryptocurrencies Across the Board $BTCUSD Bitcoin and other Cryptocurrencies are new, alluring and somewhat complex investment assets. People see Bitcoin as currency, an investment and a store of value. Government’s do not agree on what Bitcoin is. The US Internal Revenue sees and treats it as property, The US Securities and Exchange Commission considers […]
Ferrari (NYSE:RACE) is What You Have When You Have the Money $RACE Race track events are regular happenings for performance car manufacturers, and many of them offer racing car services for clients, and others host hospitality days and racing for their clients and club members at big circuits, upping the level of service and brand […]
F1: Ferrari (NYSE:RACE) Disagrees with Liberty Media’s New Direction $RACE FIA’s President Jean Todt prepared to call Ferrari’s (NYSE:RACE) bluff to leave F1 after Y 2020 At the Geneva Motor Show, Ferrari CEO Sergio Marchionne 2X’d down on his threat to leave Formula 1 by saying the Maranello-based team could race in America instead. “Why not?” he is […]
Bitcoin Exchange Ties-up with Barclay’s for UK Transactions $BTCUSD,$BCS Wednesday, 1 of the biggest Bitcoin exchanges has struck a deal which will allow it to open a bank account with Britain’s Barclays (NYSE:BCS), making it easier for UK customers of the exchange to buy and sell cryptocurrencies, the UK boss of the exchange said in […]
On The Crypto Age $BTCUSD At 1st when you heard of cryptocurrency and did an ICO (initial coin offering) then it was not a security and did not need to be registered with the US Securities and Exchange Commission (SEC). That did not last long Regulators and securities lawyers started looking at the ICOs getting […]
Retail Investors Pouring Money Into Managed Wealth Solutions $DIA, $SPY, $QQQ, $VXX Blackstone Group (NYSE:BX), the world’s largest private equity firm, plans to 2X assets under management over the next 5 years, and it wants individual investors to get the action. About 15 to 20% of Blackstone Group LP’s annual fundraising currently comes from retail […]
Ferrari May Lead ‘Break Away’ Series to Rival F1 $RACE Ferrari (NYSE:RACE) may just be ready to lead a breakaway series to rival F1, the motorsport’s former boss Bernie Ecclestone, 87 anni, says. Mr. Ecclestone, operating in his role as F1’s chairman emeritus, says Ferrari chief Sergio Marchionne has already staged talks about forming a […]
What We Do in Life is Within Our Control: Success Vs Failure Most people wait and wish for Luck, to be successful you have to make your own Luck in real time. That is if you want to become the kind of person equipped with the skills and abilities to do brilliant things. People who […]
Bitcoin Investors Know Not to ‘Fight the Tape’ $BTCUSD, $CME, $CBOE Just at the start of Y 2018 Bitcoin began trending towards $20,000. Thursday, it marked $10,000 on a bounce after correcting to $7,500. At that mark it was down 65% from its highs. Currently, Bitcoin is trading at: 9,862.84, -170.91, or -1.70%, as of 7:00a GMT, the […]
Arcane Financial Products That Track VIX Questioned $CBOE, $VXX, $CS, $NMR Wall Street’s most widely followed ‘fear gauge’ of future stock market volatility is being manipulated, causing billions of dollars in losses a year to unwary investors, a law firm representing an “anonymous whistleblower” alleged in a letter to US financial regulators and released Monday. […]
Retail Investors Undeterred by Volatile US Stock Market $DIA, $SPY, $QQQ, $VXX Financial advisers across the US say that the volatility in the US stock market has not yet curtailed the appetite by small participants to put money in the stock market. Approximately 52% of Americans own stocks either directly or through a mutual fund, […]
F1: Ferrari (NYSE:RACE) to Confront Liberty Media on Key Issues $RACE, $LMCA Liberty Media (NASDAQ:LMCA) is pushing to discuss a fairer distribution of F1’s prize money, thus leading to an battle with Ferrari (NYSE:RACE). Last year, in their 1st season as Formula 1’s new owners, Liberty made it clear that Ferrari’s $100-M annual bonus payout […]
President Trump’s SEC to Ban Frivolous Shareholder Litigation In its determination to reverse a 20 year decline in US stock listings, the SEC may soon offer companies an extreme incentive to go public, and that is the ability to bar “aggrieved” shareholders from suing. The Securities and Exchange Commission (SEC) in its long history has […]
Become a ‘Master’ Get Happy and Make Money Let’s get started: If you do not have an an active passion, do not worry, Become really good at something, Generously use your skills to help the right people, then You will succeed. In his book, So Good They Can’t Ignore You, Cal Newport dispels the myth dubbed […]
More Bitcoin ‘Forking’ Coming $BTCUSD The Big Q: What is a Bitcoin ‘fork? The Big A: Fork is a type of spinoff in which developers clone Bitcoin’s software, release it with a new name, a new coin and possibly a few new features. Often, the idea is to capitalize on the public’s familiarity with Bitcoin […]
President Trumps Infrastructure Plan Shaping Up Jobs, Jobs, Jobs The Trump Administration is finalizing its long-awaited infrastructure plan, which pushes most of the financing of projects to private investment and state and local taxpayers. President Trump, who spoke of improving US infrastructure during his Y 2016 campaign, may preview the plan in his 30 January […]
Bitcoin’s ‘Hot’ and Coming to Real Estate Market $BTCUSD Bitcoin fever has hit the US real estate market, especially in Florida, offering foreign investors a way to avoid currency controls at home and US economic sanctions. As of the end of Y 2017, the digital currency was listed as a way to pay for some […]
Why GBIT for 2018? $BTC, $ETH The cryptocurrency world is very similar to the stock market and a black hole in space. It’s getting to the point to where you have to start paying attention to the cryptocurrency market because wealth is being obtained daily with some of the trades being made and more and […]
Bitcoins are Here to Stay, They are Not Tulip Bulbs $BTCUSD, $CME, $CBOE Bitcoin is here to stay, and when supply is limited and demand increases, the price goes up. And when speculators drive the prices up, we can expect a major correction, after the correction, the real value of Bitcoin will be seen. Y […]
President Trump Torpedoed Steve Bannon As I said earlier today in this column, Steve Bannon cannot win in a dust-up with President Trump. Steve Bannon’s Key financial backer, conservative donor Rebekah Mercer, cut ties with him Thursday shortly after she spoke by phone with President Donald Trump. The rebuke from a former close ally of […]
Manafort Vs DOJ Suit to Shut Down Illegal Investigation If and when Paul Manafort wins this case, which it appears according to the law he will, the entire investigation will be deemed illegal, which it is, and therefore legally will have to be shut down, which it should be. Wednesday’s report on the filing of a suit […]
Leaders of US Sanctuary Cities Should Be Charged With Crimes The acting director of US Immigration and Customs Enforcement (ICE) says politicians who run sanctuary cities should be charged with crimes. Thomas Homan said in a TV interview Tuesday that the Department of Justice (DOJ) needs to file charges against municipalities that do not cooperate […]
DOJ, Mueller and Rosenstein Under ‘Siege’ Wednesday, Paul Manafort, the former Trump Campaign Chairman, filed a lawsuit against the Department of Justice (DOJO, special counsel Robert Mueller, and Deputy Attorney General Rod Rosenstein on Wednesday. The lawsuit alleges that Mr. Mueller’s Russia investigation has extended its scope. He also charges the DOJ broke the law […]
Fine Arts Investing in 2018 and Beyond $BAC, $SCHW Global managed money, US hedge funds and some of the world’s biggest banks have embraced the predictive properties of machine learning to spot patterns and guide their investment decisions. Could this branch of AI (artificial intelligence) be used to divine the vagaries of the fines arts […]
Bitcoin as Money, Is it or Is it Not? $BTCUSD A medium of exchange means people will give you things in exchange for it. And yes there are some places where people will give you real goods and services for Bitcoin, but not many. If Bitcoin is to compete with global currencies it needs a […]
Strip Obama’s Nobel Peace Prize Away Here is the whole story in 140 characters if you want to Tweet it: Barack Obama allowed the terror group Hezbollah to sell $200 million in cocaine annually in American cities to facilitate Iran nuclear deal. Multiple DEA agents speaking anonymously to Politico have confirmed that Team Obama spent eight years […]
The Big Q: What is a Bitcoin good for? $BTCUSD$V, $MA, $PYPL, $USD, $EUR, $JPY There are 2 answers to that Question: Bitcoin is money, or Bitcoin is a payment system. Then you ask, What is Money. Well, money is metaphysical mystery to be found in modern economics. The best way to think about it […]
Democrats Threaten the Security of America $BA, $BAC, $CMCSA, $T, $WFC Every American should be keenly aware that the success of The Trump Tax Cuts will not be decided by Democrat-leaning polls or highly flawed econometric models that threaten the security of the Republic. The Democrats are now left with the worn out class-warfare mantra about […]
Cryptocurrencies Shaping Future of Business $BTCUSD, $CBOE, $CME When it comes to cryptocurrencies, their role is not rising, it has risen. Bitcoin 1st launched in Y 2009, and it was followed 4 years later by its primary competition, Ethereum. These 2 competitors are joined by dozens of other cryptocurrencies to create a comprehensive ecosystem that […]
Bear Market Volatility, 200 Day Count in this Bull Market $DIA, $VXX, $GLD Anything I say this week may appear foolish this Friday. Unless something big happens, this is my last article for 2017. I plan to submit my next for the weekend of January 13-14. I do not expect my readers will be missing […]
December’s Marijuana Money Outlook $GLDFF, $MPXEF, $MRMD, $GWPH November was a great month for cannabis stocks. The MJIC North American Marijuana Index rose by 41% last month, led mostly by Canadian stocks again. Although the US had its best month all year gaining 27% as companies rally ahead of California’s legalization on 1 January. The Canadian Index […]
Caution Lights Flash as Bitcoin Posts New Record High $BTCUSD, $CBOE, $CME, $DB Friday, Bitcoin marked another all-time high of almost $18,000 on the Bitstamp exchange, up 9% on the day, as caution warnings grew over the risks of investing in the highly volatile and speculative financial instrument. Bitcoin is currently trading at: 17,716.0547, +382.699, or +2.21%, As […]
Red Hot Bitcoin 24/7 Market Exposes Soft ‘Underbelly’ $BTCUSD ,$CBOE, $CME Bitcoin price: 16,674.0449, -495.961, or -2.89%, as of 5:55a GMT, Market Open. Tuesday, Bitcoin raced to another record high, as 1 of the biggest providers of digital currency wallets, Coinbase, crashed under the weight of traffic, leaving many of its more than 10-M customers unable […]
Analyst says, “Tesla Headed for ‘Brick Wall’” $TSLA, $F, $VLKAY, $GM Tesla’s (NASDAQ:TSLA) biggest asset is its stock price. Tesla “is headed for a brick wall,” analyst/investor Jim Chanos said Wednesday. “Every Bull market has its poster children,” the President and Founder of hedge fund Kynikos Associates Ltd said at an event in Detroit. “Tesla is one […]
Bitcoin Futures Trading Enters ‘Mainstream’ Finance $BTCUSD, $CME, $CBOE Currently Bitcoin is trading at: 15,879.9951, +1,810.98, or +12.87% Trading in Bitcoin futures opens Sunday evening in Chicago, as the 1st major US exchange offers a product pegged to the wildly fluctuating cryptocurrency. The currency has risen more than 1,000% this year, and about 80% in the past […]
Avoid These 3 Major Bitcoin Scams $BTCUSD Bitcoin is currently trading at: 15,653.4551, -747.459 , or -4.56% Bitcoin is the most popular cryptocurrency available today, recently it has seen a lot of activity. Anything that surges warrants being in the bright lights. In Y 2009 a single Bitcoin cost about $1, and in Y 2013 it was […]
DJIA Post Another Record, Investors See Tax Cuts Ahead $DIA, $SPY, $QQQ, $VXX The DJIA marked aother record high Monday, with banks and retailers surging and tech falling as investors realigned their portfolios in hopes of benefiting from expected corporate tax cuts. The S&P 500 ended with a small loss after hitting an intra-day all-time […]
Global Cryptocurrency Crackdown Driving Search for Safe Havens $BTCUSD FLASH: Bitcoin’s price tapping at $10,000 each, currently trading at $9,914.4346, +182.86 or +1.88%. Confronted with national regulators’ scrutiny of digital currency fund-raising, known as ICOs (initial coin offerings), many entrepreneurs are moving businesses to locations neutral or more welcoming to cryptocurrencies and known for low […]
Hong Kong Real Estate Defying Gravity $JLL, $HSBC, $JPM Hong Kong’s steaming housing market shows no signs of cooling down anytime soon. Prices in the City have climbed 11% YTD defying skeptics waiting for the bubble to burst and government attempts to rein in the world’s most expensive housing market through a raft of taxes and […]
Tax Cuts Do Boost Large and Small Business Investment $DIA, $SPY, $QQQ, $VXX Fact: Lower corporate tax rates will lead to more investment projects and thus more aggregate economic activity. When companies, big and small, have more “free cash” at hand, they tend to invest more, and this effect is distinct from any effect of […]
1 Year Into Trump Presidency, Investment Funds Show Strong Growth $DIA, $SPY, $QQQ, $VXX Assets managed by US-based funds have grown substantially, led by equity funds, since Donald Trump won the US Presidency 1 year ago. Though financial markets have been broadly skeptical about the ability of The Trump Presidency to pass significant political reforms […]
Ferrari (NYSE:RACE) Minting Money for Stakeholders $RACE Ever since its IPO spin off from giant automaker Fiat-Chrysler (NYSE:FCAU) in October 2015, Ferrari (NYSE:RACE) has printed money for its stakeholders. The company set sales records in Y 2016 and continues to exceed expectations. According to the data Ferrari’s Q-3 earnings for Y 2017 are up 13% to $310-M. […]
Investors Deliver New Money into ‘Risk On’ Assets $DIA, $SPY, $QQQ, $VXX Investor appetite for risk on assets is set to make this by far the strongest year for inflows into stocks and corporate debt. Record highs for global stock markets has seen demand for riskier assets surge this year. Inflows are up $534-B YTD, […]
Establishment Republicans Are in ‘Full Collapse’ Out of Ideas No Guts No Money Steve Bannon made the comments 1 day after Senator Jeff Flake (R-AZ), an outspoken critic of President Trump and a fixture of the rhino Republican establishment, declared he would not seek re-election. Mr. Bannon, who has been recruiting a slate of conservative […]
Singapore Will Not Regulate Cryptocurrency $BTCUSD Singapore does not plan to regulate cryptocurrencies such as Bitcoin, but will remain alert to money laundering and other potential risks stemming from their use, the head of the country’s central bank said. “As of now I see no basis for wanting to regulate cryptocurrencies,” Monetary Authority of Singapore […]
President Trump: “I hope ‘Crooked’ Hillary Runs in 2020” Monday, US President Donald Trump sent a Tweet referencing Hillary Clinton, the Democratic Presidential candidate he defeated in the Y 2016 Election. Follow Donald J. Trump ✔@realDonaldTrump I was recently asked if Crooked Hillary Clinton is going to run in 2020? My answer was, “I hope so!” […]
President Trump Cracks Down on NKorea and Trading Partners NKorea’s government has been economically isolated but its embassies have been illegally raising money through profit-making ventures for decades to support themselves and send surpluses back home. The story comes as tensions between the US and NKorea continue to rise as Pyongyang builds up its missile […]
Lawsuit Filed to Expose Mueller’s Russia Probe Expenses Conservative watchdog group Judicial Watch is suing the Department of Justice (DOJ) to find out how much money is being spent on special counsel Robert Mueller’s Russia probe. The group wants to know Mueller’s budget for the investigation, any data on reviews of expenditures and documents pertaining […]
The Bull Market in Thoroughbred Horses is Running The Bull Market in leadership stocks and Ferrari sports and racing cars from Enzo’s Golden Era (Ys 1947 – 1972) has now made its way into the world of Thoroughbred horses In the Keeneland auction ring in Lexington, Kentucky, demand was so strong last month for the bluest-blooded young […]
Hackers Stalk Investors on Cryptocurrency Exchanges $BTCUSD Dan Wasyluk discovered the hard way that trading cryptocurrencies such as Bitcoin happens in an online Wild West where Sheriffs are largely absent. Wasyluk and his colleagues raised bitcoins for a new tech venture and lodged them in escrow at a company running a cryptocurrency exchange called Moolah. […]
Obama Funded Opposition to Trump with Taxpayers’ Money $BAC, $C, $JPM One of the most outrageous abuses of the Obama Presidency was a scheme by which fines for corporate misbehavior by the biggest Wall Street banks were channeled into the hands of radical leftist groups that are now vehemently opposing the policies of President Trump. […]
Bitcoin is an Experiment About “The Payday” Not its Potential as Money $BTCUSD, $IBM Cryptocurrencies are not a store-of-value or a safe-haven for anyone’s money or assets. In the beginning, Bitcoin was something of a revolution to me. The digital currency represented everything from my rebellious youth. It was a decentralized, denationalized, and digital currency […]
Cryptocurrency Crackdown: Swiss Shut Down ‘Fake’ e-Coin Switzerland’s financial watchdog closed down the provider of a fake cryptocurrency and is investigating around 12 other possible fraud cases, in the latest clamp-down on the risks involving virtual money. The move by the FINMA watchdog comes on the heels of Chinese authorities’ ordering Beijing-based cryptocurrency exchanges to […]
Playing the VIX, a Fast Way to Loose Money $VXX, $SPY Warning: Betting against stock-market volatility is a recipe for investment disaster. Trading the benchmark S&P 500 (NYSEArca:SPY) Index and evaluating stocks on an individual basis, and not trying to outsmart the CBOE Volatility Index aka VIX, (NYSEARCA:VXX) a measure of expected stock volatility, aka […]
Napa Valley’s Tier 1 Ferrari (NYSE:RACE) Aficionados Gather $RACE It is not surprising on any given weekend to see a variety of exotic cars parked along the Main Streets in Calistoga, St. Helena, or Yountville in northern California’s Napa Valley. What is surprising is to see 40 Ferrari Supercars in 1 resort parking lot. The […]
Bitcoin Dives, China Declares Initial Coin Offerings Illegal $BTCUSD Bitcoin dives after the PBOC, China’s central bank, said ICO (initial coin offerings) are illegal and asked that all related fundraising activity to be halted immediately, issuing the strongest regulatory challenge so far to the burgeoning market for digital token sales. Monday,the PBOC on its website […]
Picking the Best Bean to Bar Chocolate for the Money Of course you have noticed the shelves of chocolate at your the grocer and specialty food shop. Now, craft chocolate, aka, Bean-to-Bar (B-B) chocolate, has found its own niche in the real good food market, and there are more options for chocolate lovers than ever […]
Gold Vs Crude Oil $GLD, $USO Some analysts say that Gold is looking expensive in here, but the rally may be just getting underway. In the last month traders have pushed Gold futures to near a 9-month high. And if the history of Gold’s relationship with Crude Oil is a guide, that surge may last […]
Top Vintage & Classic Cars on Auction at Pebble Beach $BID, $RACE If you are a true Vintage and Classic Car buff, this may be your year. Official estimates for the Pebble Beach automobile auctions this week have set sales totals at $290-M, that down 14% since Y 2016. It’s the 3rd consecutive decliner since […]
Bitcoin, The Big Picture $BTCUSD finished at $4410.98 Wednesday. The price of Bitcoin rose Wednesday, following a brief dip below the $4,000 mark, in an apparent run at another record high. On 1 August Bitcoin Cash ,Peer-to-Peer Electronic Cash successfully launched. The Big Picture A simple cryptocurrency transaction looks like this, as follows: John wants to send […]