A small town in eastern Kentucky has an unusual claim to fame: with a population of just 1,424, it has six dollar stores, most of them built in the past few years. Olive Hill, a quiet hamlet situated on Tygarts …
Crypto giant Genesis is ‘days away’ from bankruptcy after suffering steep losses in wake of FTX collapse: Firm owes creditors $3 BILLION – Crypto broker Genesis is said to be in the final stage of its Chapter 11 paperwork. – …
By Lance Roberts “Speculative” is a word that aptly sums up the year 2021. The question that remains, however, is whether we have seen the peak in that speculative behavior, or will 2022 continue the trend? From the mainstream media’s view, …
Companies which buy naming rights to a professional sports stadium appear to be at the “top of their game.” Ironically, history suggests that this is not always the case. Learn what this may mean for “crypto-mania.”
by xmrptbx You can see it all over reddit, twitter, youtube and any other social media. There are people that have been trading for a few months that don’t even know how to read an income statement or what is …
by Lance Roberts A recent Bloomberg article made the case that since 2009 “sell signals” are useless during “mania” markets. To wit: “If you bailed because of Bollinger Bands, ran away from relative strength or took direction from the directional market indicator in 2021, you …
From Birch Gold Group Is the market going insane? Is an enormous “everything bubble” – inflated with cash flowing into overvalued investments – headed for a historic explosion? Is the market in a “mania” phase right now? With every passing day, …
After a red-hot 2018, cannabis stocks are on fire again to start the year. Canadian cannabis company Canopy Growth (CGC), for example, is up nearly 60% through February, as shares of its competitor Aurora Cannabis (ACB) have posted gains of …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Of the seven biggest, six have plunged by 78% to 92%. Cryptocurrencies and tokens are multiplying like rabbits: There are now 1,926 listed on CoinMarketCap.com, 500 more than early 2018. And even as the number of …
via Business Insider: Attempting to read the tea leaves and anticipate near-term market movement is nearly irresistible. Bold proclamations of just-around-the-corner seismic price movements reliably get a lot of attention, regardless of whether or not those making said predictions have …
by Simon Black http://traffic.libsyn.com/sovman/094__How_to_wait_out_the_financial_mania_in_safety.mp3 In today’s podcast, I share more thoughts on Puerto Rico including my experiences opening a business there. While the island has its problems, I’m still bullish on the long-term future given Puerto Rico’s incredible tax incentives (especially …
by stockboardasset “Given rich valuations and deteriorating internals, downside risks are increasing. But finger-waving about the risks of Fed tightening or QT, after the jackweeds at the Fed encouraged THIS, imagines one can avoid the inevitable consequences of a bubble that …
via Danielle Park, CFA Over the last year, cryptocurrencies became an icon for the speculative fervor that has increasingly driven the 2009-18 financial cycle. Leading the sector, bitcoin rose from $1200 last March, to $19,187 by December and back to $8140 …
by WARREN MOSLER It’s been decelerating all year with a year end move up that’s likely to be reversed as personal income growth continues to be very low: Highlights Consumer borrowing increased in December, up $18.4 billion vs an upwardly revised …
by FS The following is a summary of our recent podcast interview with Gary Dorsch on Stocks, Commodities, which can be accessed on our site here or on iTunes here. We’ve witnessed remarkable stock market performance in the last year and a half, with the …
Bitcoin and the other cryptocurrencies has drawn possible speculators away from the precious metals and towards crypto, but Marc says that crypto is a bubble the mania will come to an end. This will have major implications on money shifting …
by James Hall The never ending overdose of Bitcoin coverage in the press and on social media would have one believe that the manna of financial subsistence is leading us all out of the wilderness. Whether this crypto circulation of a …
Four Years of Cryptocurrency ICO Sales, Visualized in One Graphic This graphic shows the full history of token sales (aka initial coin offerings), from the early days of 2014 to their meteoric rise in 2017. https://elementus.io/blog/token-sales-visualization/ We’re headed towards another …
by David Haggith With 60% of stocks now being traded by bots that fake each other out in order to create buying opportunities, stock exchanges have lost their connection to the reason markets are created in the first place. The exchanges …