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Bitcoin maximalists never give up. Bitcoin’s price has crashed from over $19,000 a year ago to under $4,000 today, and there are no signs that the price is going to rise again any time soon. But maximalists don’t care. They are in this for the long haul. Their belief? Eventually, Bitcoin will replace all government-issued money. So all they have to do is HODL on to large amounts of the future world currency, and they will become the next generation of fantastically rich elites. Or so they think. ...
What good will your 2019 resolutions be if you don’t know what’s coming at you next year no matter what? People in my line of work are fascinated by predictions...but as Yogi Berra once said: “Prediction is very hard, particularly when it’s about the future.” more...
The biggest problem for the global economy in 2019 will be massive business failures. Perhaps bank failures, too. On the demand side, the end of free money will make it difficult for consumers to take on more debt. On the supply side, it could push low-profit business off the cliff. Simply put, the end of free money is setting the global economy into a vicious cycle of slower growth. ...
Here are some of the more interesting trends to monitor in the market as 2019 progresses. 1. Relatively High Valuation Of The U.S. Market This trend has persisted for longer than many expected, but remains notable in a historical context. At the time of writing, the S&P 500 trades at a PE of 18x, with other metrics telling a similar story. That's high by historical standards. On the other hand, developed markets outside of the U.S. trade at around 12x earnings, closer to average. ...
The Facebook monthly price chart breaks the uptrend line from 2013 and other issues. The company and its CEO, Mark Zuckerberg, are under fire lately after a New York Times investigation reported that Facebook shared tons of users' personal data with many other companies including Microsoft, Netflix and Amazon. The downtrend for the stock has been relentlessly intact since the late July gap down from $215 to $150. Attempted ...
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