Bitcoin is
nothing like gold despite the fact that
you have all this terminology that
was deliberately used to make
it sound like gold. You mine
Bitcoin, right? No, there's no mines, there's no pitchforks
there's nobody out there, there's no mine right? But you create
them but they said it's mining and
there's miners to make it sound like gold. They make the Bitcoin
look like gold, it's color it
looks like a coin made of gold. That's done for a reason. To create
the false impression that you're buying
something like gold.
Mar 13, 2018
Bitcoin: We've Seen The Peak In The Bubble Already
The bigger story is gonna be the
money that's lost. There's gonna
be so many people that are gonna lose a
tremendous amount of money in these
crypto currencies. There's a pretty good chance that we've
seen the peak in the bubble already.
Mar 9, 2018
Bitcoin: I Don't Think It's Going To Work
I don't think it's going to work and
people say well you just don't
understand it. I think I do understand it, I think the reason that so many people
are involved in it is because they don't
understand it. Now, a lot of those people
have made quite a bit of money by not
understanding it because they
bought it a long time ago and greater
fools paid even higher prices and people
can confuse that success with
understanding.
Mar 7, 2018
Manufacturing Jobs Will Be Lost As A Result Of These Tariffs
Trump is right, the trade deficit is a problem
but where Trump is wrong is thinking
that these tariffs are going to solve
the problem. They won't. They will make
the problem worse.
This is the irony of
these tariffs. They will result in larger
trade deficits not smaller trade
deficits and that's even without any
foreign retaliation meaning if China, if
Europe, if our trading partners do
nothing in response to these tariffs the
result will be larger not smaller
deficits. And manufacturing jobs, the very
jobs that Trump is hoping to save, manufacturing jobs will be lost as a
result of these tariffs.
Mar 2, 2018
The Beginning Of A Much Bigger Downturn
In February's big decline the Dow Jones Industrials Index (DJIA) dropped better
than a thousand points on the month and
we'll see if this is the beginning of a
much bigger downturn. In fact it could
easily be the beginning of a bear market.
Related trading instruments:
- SPDR S&P 500 Index ETF (SPY)
- SPDR Dow Jones Industrial Average ETF (DIA)
- Nasdaq 100 Index ETF (QQQ)
- iShares Russell 2000 Index ETF (IWM)
Mar 1, 2018
How Much Longer Powell Can Pretend All Is Well?
A soaring budget and trade deficits, rising interest rates, higher inflation, a falling U.S. Dollar, protectionist tariffs, a looming trade war, and a slowing economy all portend lower corporate earnings and a bear market in stocks. Let's see how much longer Powell can pretend all is well.
Related trading instruments:
- SPDR Dow Jones Industrial Average ETF (DIA)
- Nasdaq 100 Index ETF (QQQ)
- SPDR S&P 500 Index ETF (SPY)
- United States Steel Corporation (X)
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