Global Intelligence
Bitcoin has crashed to $576 and recovered a bit, all in a matter of days, down from it’s high by more than 50%. It was inevitable that a few short days after Wall Street lovingly embraced Bitcoin as their own, with analysts fromBank of America, Citigroup and others, not to mention the clueless momentum-chasing, peanut gallery vocally […]
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Bitcoin being sold off as Baidu halts payments due to ‘value fluctuation’ – another ding in the credibility of the new digital crypto currency. Bitcoin is being sold aggressively on heavy volume as this headline hits: *BAIDU SUSPENDS BITCOIN PAYMENT ACCEPTANCE ON VALUE FLUCTUATION And the official, google-translated announcement from the BIDU website [4]: [5] This is […]
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The big market debate is when the Fed, if at all, will taper. Taper means they will not necessarily end the QE program but decrease it. But another school of thought thinks the Fed may even increase the QE program. But here’s the strange thing, the Fed said we would be at 7% when the […]
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Europe’s prospects continue to look bleak. With some youth unemployment rates around 50%, it’s hard to imagine how a new generation of European workers will participate in any recovery. Europe’s overall unemployment figures are still well higher than in the US, even considering that US numbers are not a true reflection of real unemployment in […]
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Professor Laurence Kotlikoff- Fed Printing 29 Cents of Every Dollar Uncle Sam Spends The Intergenerational Financial Obligations Reform Act | THE INFORM ACT
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The PBOC said explicitly that it’s now forbidden for financial institutions to develop any business related to Bitcoin. But they left it open that the public is free to participate in such transactions, so long as they bear the risk. FT adds: The Chinese regulators noted three main risks. First, they said Bitcoin was an […]
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We know that inflation is not accurately described based on the data alone. Inflation is one of the big secrets that they need to keep low, like the unemployment numbers. Other numbers are not so important, like the Dow. It’s good if the markets up, but if it’s down, it’s not end of the world. […]
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When the “Bond King” who manages the world’s largest bond fund at Pimco loses sleep, we should ask why. Bill Gross is famous (or infamous) for writing self-certified philosophical pontifications of the markets. In his latest, he agrees with his partner Mohamed, but that the “T” the markets might experience might resemble more a “winged […]
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In a roller coaster ride of a high of $1242 and current price near $868, Bitcoin is volatile like the markets during the credit crisis. From Zero hedge: From it’s gold-matching highs at $1242 on Thursday night, the price of Bitcoin has collapsed 31% to $868 on heavy volume. Of course, this is only a one-week low […]
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