Bitcoin Is the ‘Very Definition’ of a Bubble, Credit Suisse CEO Says

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  • History teaches such speculation rarely leads to ‘happy end’
  • Says people buy bitcoin only to make money, no inherent value

Bitcoin: What’s Coming in the Year Ahead

The speculation around bitcoin is the “very definition of a bubble,” Credit Suisse Group AG Chief Executive Officer Tidjane Thiam said as the currency exceeded $7,000 for the first time.

America Is Going Broke… and Nobody Cares

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Last week, the plot did not so much thicken as congeal.

There’s no changing it now — the cameras are rolling… the costumes are on… and everyone knows his lines.

President Trump went further in becoming the first president independent of either major political party in American history.

After having sided with the Democrats on the debt ceiling, he went back to the swamp to resolve the “Dreamer” issue — the 800,000 children who arrived in the U.S. as undocumented migrants and were allowed to temporarily stay legally in the country.

Then, over the weekend, it was reported that the administration wanted to get back on the Paris climate change agreement bandwagon.

The White House denies it, but it’s now clear that Mr. Trump aims to be a whole lot less disruptive than he promised to be.

And now, with the floodgates open, the U.S. national debt has surged over $20 trillion.




This Is The Dollar’s Worst Year Since The Plaza Accord

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Entering 2017, the USD had been up four years running on a broad trade-weighted basis with 8.6% gains in 2014, 10.7% appreciation in 2015 and a more modest 3.0% move in 2016.

That last year was a less dramatic move, but from May 2nd lows to the 15+ year peak on January 7th, the buck was up almost 9.3% or 14.5% at an annual pace.

Unfortunately for greenback bulls, things have gone wildly off-script since.


It’s Official: Debt Tops $20 Trillion for First Time; Jumps $317,645,000,000 in 1 Day

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( – The federal debt officially surpassed $20 trillion for the first time on Friday, as the debt subject to the legal limit set by Congress jumped $317,645,000,000 in one day–following President Donald Trump’s signing of a spending-and-debt-limit deal that will fund the government through Dec. 8.



Gold Prices Continue To Demonstrate Resilience, Dollar Recovery Erases Gains

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A post-NFP dollar recovery and robust ISM manufacturing reading eroded gold support, although there was still an important element of resilience.

Gold prices continued to make headway in US trading on Thursday as the US currency lost ground.


Home » Market Analysis » Get Totally Out of Stocks – Deflation Coming – Charles Nenner Get Totally Out of Stocks – Deflation Coming – Charles Nenner

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Charles Nenner, renowned financial and geopolitical analyst, has been saying for a few years that “there would be no market crash until the end of 2017,” and “if people were not positioned correctly, they could lose everything.” It’s nearing the end of 2017, and Nenner says, “I think we are there already. . . . We, personally, are totally out of stocks at this point.”


So, where is Nenner telling people to stash their cash? Nenner says, “Put your money in the bond market.  A new bull market in bonds is developing. . . . The people in the Fed are now in their 60’s or 70’s, and what they remember is inflation, inflation and inflation.  I think they are on the wrong side.  It’s very hard for them to turn around and say deflation, deflation and deflation as it is for most market people because they haven’t lived through deflation.  In the last 500 years of investing, deflation is the norm. . . . I think deflation is the problem, and I see hawkish comments from the Fed, and I don’t think they are going to raise interest rates. . . .We are going to have a deflationary crisis coming up.  . . . Interest rates will go lower because we are going into a recession and even a depression.”


Ilargi Meijer: Jackson Hole’s Deluded Groupthink Confirms “A Gigantic Financial Crisis Is Coming”

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Apart from a pesky inflation problem that none of them can get a grip on, they publicly maintain that they’re doing great, and they’re saving the planet (doing God’s work is already taken).

But the inflation problem lies in the fact that they don’t know what inflation is, and they’re just as knowledgeable when it comes to all other issues. They get sent tons of numbers and stats, and then compare these to their economic models. They don’t understand economics, and they’re not interested in trying to understand it. All they want is for the numbers to fit the models, and if they don’t, get different numbers.

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Recession is Coming! Recession is Coming!

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Everything goes in cycles. If we look back over our history, we find that about every 8-10 years we go into another recession. The last big recession was in 2008. But, I believe, that the one coming may prove to be even costlier than the one before.

Everyone has heard the phrase “Kicking the can down the road”. It has become synonymous with our elected officials. For the last 10 years they have been putting band aids on gaping wounds and then patting themselves on the back for keeping things from getting worse than they already were. But, we’ve reached the end of that road and there are no more band aids left in the box. So, instead of coming up with real solutions to the problems that “they created”, they’ve resorted to passing the blame. And, suddenly, it’s all President Trumps fault. Of course, forget that he was NEVER IN POLITICS!

“Oh, if only Hillary had been elected.”

From the Debt Ceiling to legislation of almost any kind, we have watched, in total disbelieve, as our government has become inadequate in being able to come together for the sake of this country and the people who elected them to represent us. But, what I find even more appalling, is the fact that these so-called representatives never feel the pain that they inflict on the rest of this country.

Have you ever heard one of them say “I don’t know how I’m going to be able to pay my bills this month” or ” My kids are going without food or clothing” How about “I may lose my house because I can’t pay my mortgage!”

We elected you to be our intermediaries. To go to Washington to represent our best interest (whether it’s our district or our state). Not to get rich off of our sweat and hard work.

I’m not going to say that your job is easy. I’m sure it isn’t. But, your “Divisiveness” and “Deplorable” rhetoric are tearing this country apart.

There are people in Washington who have no business representing anybody. They are nothing but attention seekers, and I’m not sure they even care what kind of attention they get. After all, they won’t have to feel the pain. But, we will. We always have. And when this next recession hits, a lot of us won’t have the luxury of being able to wait for a recovery. Assuming there is one.