Wed, 14 February 2018
Andrew Z believes that the economy, especially the job market, is looking highly favorable. As a result, wage inflation is happening and therefore the Fed is more likely to raise rates than to leave them unchanged. Spending is going up and so are real wages for the first time in decades. Therefore, the market was overtaken by fears of higher rates and less spending. However, these fears might have been overblown. In any event, it's not over yet. Volatility is the byword. |
Wed, 14 February 2018
This wasn’t supposed to happen. As this article is written, Bitcoin is trading around $8300. It’s up from breaking the $6000 barrier, but this could well be a dead cat bounce. That’s down from nearly $20,000 in mid December. After all, everyone knows that Bitcoin only goes up. Just like the stock market and housing prices. What gives? What’s happened in cryptocurrencies was completely predictable. In fact, I wrote an article about this very scenario back on December 25, 2017. Of course no one listened, because when you’re under the influence of dopamine (a powerful neurotransmitter) you’re unable to listen to reason and act accordingly. Effortlessly making money in a bubble is quite gratifying and euphoria inducing. No one wants to come down from the high, you want it to keep going forever. But nothing lasts forever, especially financial driven manias. Just ask the tulip farmers in Holland. What's up with Memo-gate, Q Anon and the coming storm surge in Washington DC. One thing is for certain, things will never be the same in our nation's capitol. |
Wed, 14 February 2018
There were many weather related stories in 2016 and tragedies they controlled our newsfeed. What were the most severe of the year? |