Update: Well that escalated quickly...
The stock is now up over 500% today and has been halted numerous times...
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Having closed last Thursday on its IPO-day at $5.38, news of the acquisition of Ziddu - a blockchain solutions provider (whatever that means in the real world) - LongFin has since exploded to $44.80 in today's pre-market... up 730% in 2 days.
The financial system is preparing for an inflationary shock.
The single best means of measuring inflation vs deflationary forces in the US financial system is the TIP to Long-Treasury (TLT) ratio. When this ratio rallies the system is predicting inflation. When it falls, the system is fearing deflation.
Running back to 2010, we’ve been in a long-term deflationary downtrend on this ratio.
This deflationary pull has dragged down the entire commodity complex over the same time period.
By the SRSrocco Report,
It's not just the ultra rich, as well as a dazed and confused Bob Corker who is set to reap a $1+ million windfall from the passage of a tax bill which he opposed until just days ago, who will benefit from the passage of tax reform: according to Goldman Sachs among the biggest beneficiaries from the GOP tax cuts are, drumroll, the big banks.
We have published many articles, arguing that bitcoin is unsound. Yet for all those arguments, there is a bright side to bitcoin. It is exciting to see that there is an audience of millions of people—mainstream people, not wild-eyed End-The-Fed gold bug preppers who keep their gold hoards with their stockpiles of ammo—who are looking for an alternative to the Fed’s failing fiat currency. Or if not looking actively, at least receptive to it.