Tag Archives: Bitcoin
There's nothing of substance underlying the current market melt-up
by Adam Taggart
Friday, November 22, 2019, 5:00 PM
Well, stocks are back at all-time highs. Ignited by the Fed’s “Not-QE” program and endless Trump administration teases of an “imminent” China deal, the S&P 500 has been propelled above its upward Bollinger band — a hyperextension only seen one other time since 2007.
Every week since Not-QE was announced has seen the S&P close green (this week finally ending the streak, barely). We’re officially in a melt-up, where both good news and bad news are accepted as valid reasons to push stocks even higher.
But what’s notable about this melt-up is that it’s missing a compelling narrative. Every past asset price mania required a feel-good mantra that convinced the masses “This time is different!”.
But today? What’s the radically better future being promised? Where’s the party train headed to?
Given the current capital flight into the US, it could happen
by Adam Taggart
Tuesday, July 16, 2019, 8:15 AM
The most hated stock market rally still has room left to become truly despised, according to Martin Armstrong.
With so much of the rest of the world beginning to succumb to the arriving global recession, capital is fleeing towards the relative safety and positive returns offered by America’s financial markets. As a result, Armstrong sees the US stock market continuing to power higher from here, with the Dow Jones Industrial Average potentially tagging 35,000 by 2021.
In this week's Off The Cuff podcast, Chris and Wolf Richter discuss:
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Daily DigestImage by Travis Isaacs, Flickr Creative Commons
Monday, January 29, 2018, 5:22 PM
- Connecticut’s S.O.S.
- The idea that everything from spoons to stones are conscious is gaining academic credibility
- Jeremy Corbyn announces Labour will buy every homeless person in the country a house
- How Will AI Change Work? Here Are 5 Schools of Thought
- Stockton Gets Ready to Experiment With Universal Basic Income
- Most unhappy people are unhappy for the exact same reason
- Let The Sun Power Your Portfolio
- Camel beauty pageant bans a dozen animals over Botox injections
- The flu can kill tens of millions of people. In 1918, that’s exactly what it did.
Daily DigestImage by pasa47, Flickr Creative Commons
Daily Digest 1/11 – “Plague” Of Million-Dollar Homes Haunting Real Estate, The Year Of Living Dangerously
Thursday, January 11, 2018, 3:48 PM
- Retirement crisis: 37% of Gen X say they won't be able to afford to retire
- Losing Faith in the State, Some Mexican Towns Quietly Break Away
- The Fed, worrying about the next recession, considers changes
- Party While You Can – Central Bank Ready To Pop The 'Everything' Bubble
- 2018: The Year of Living Dangerously
- Many happy returns: new data reveal long-term investment trends
- A plague of million-dollar homes haunts real estate
- What's The Difference Between Children's Books In China And The U.S.?
- California's Brown Raises Prospect of Pension Cuts in Downturn
- Exercise Alters Our Microbiome. Is That One Reason It’s So Good for Us?
Daily DigestImage by tolomea, Flickr Creative Commons
Tuesday, January 2, 2018, 5:56 PM
- The Science Of Loneliness
- The dark side of your $5 Footlong: Business owners say it could bite them
- These Will Be the Big Stories of 2018
- Stop reading what Facebook tells you to read
- Too much screening has misled us about real cancer risk factors, experts say
- Why American doctors keep doing expensive procedures that don’t work
- It's Time For Innovators To Take Responsibility For Their Creations
- Americans Will Eat a Record Amount of Meat in 2018
Daily DigestImage by Billy Wilson Photography, Flickr Creative Commons
Monday, January 1, 2018, 4:10 PM
- The Next Financial Crisis Will Be Worse Than the Last One
- H.G. Wells vs. George Orwell: Their Debate Whether Science Is Humanity's Best Hope Continues Today
- Peak México
- A Nobel Prize-winning economist thinks we’re asking all the wrong questions about inequality
- An Economic Call to Arms: The Path to Prosperity for Commoners, Capitalists & Crypto-Anarchists Alike
- Hidden in Plain Sight
- Science Says Fitness Trackers Don't Work. Wear One Anyway
- The Dark Bounty Of Texas Oil
- Guest post: Bioenergy ‘flaw’ under EU renewable target could raise emissions
- Alberta issues alert, natural gas outages in north during extreme cold snap
- Summerside smart grid uses 46 per cent wind power
Financial assets will become toxic to hold
by Adam Taggart
Monday, December 11, 2017, 7:07 PM
This week Doug Noland joins the podcast to discuss what he refers to as the "granddaddy of all bubbles".
He certainly shares our views that prices in nearly every financial asset class have become remarkably distorted due to central bank intervention, first with Greenspan's actions to backstop the markets in the late-1980's, and more recently (and more egregiously) with the combined central banking cartel's massive and sustained liquidity injections in the years following the Great Financial Crisis.
All of which has blown the biggest inter-connected set of asset price bubbles the world has ever seen. Noland foresees tremendous losses as inevitable, as the central banks lose control of the monstrosity they have created:
This week it hit $19,000. What's next?
by Adam Taggart
Saturday, December 9, 2017, 12:50 AM
Bitcoin's price has gone 'beyond exponential' this week.
Just yesterday, while I was working on this article, it shot up 22% — from $14,000 to $17,000 (hitting an intraday high of $19,000). And that's after a mind-blowing upwards rocket ride over the past several months. I think it's safe to say that the vicious melt-up in price over such a short timeframe has surpassed the expectations of even the starriest-eyed Bitcoin fanboys.
The whole world, especially the 99.99% of us that own zero cryptocurrency, is asking: What happens next? And, What should I do?
Is this insane trajectory going to continue for a lot longer? Do I need to get in now to avoid missing this once-in-lifetime fortune-making opportunity?
Or is this a classic bubble blow-off top? Is this the deadliest time to enter, right before the price implodes?