Bitcoin Futures Open Above $20,000... Then Dump
Both CME and CBOE Bitcoin Futures contracts opened above $20,000 this evening (with Bitcoin spot hovering around $19,000).
However, as soon as trading started, Bitcoin futures got hammered lower...
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FX Weekly Preview: Dollar Squeeze A Growing Concern, But Longer Term Bears Likely To Temper It
Submitted by Shant Movsesian and Rajan Dhall MSTA
from fxdailyterminal.com
The Latest Crazy Idea From Economic Experts: Abolish Cash (But Don't Tell The People)
Via GEFIRA,
In a recent paper - The Macroeconomics of De-Cashing, Alexei Kireyev of the International Monetary Fund advises abolishing cash without having the citizens aware of the process.
First, large banknotes are to be withdrawn from circulation, next limits on cash transactions are to be imposed, then computerization of the world’s financial system and control of international cash transactions are to be enforced and, finally, private companies are to be encouraged to avoid cash transactions.
The Output Gap Is Screaming For The End Of The Business Cycle
Via TimeMoney.com,
Output Gap Explained
The output gap is the difference between actual and potential economic output and is used by economists to understand the health of the economy.
Venezuela’s Grim Reaper: Hyperinflation Started on December 17, 2016 and Continues Today, With Annual Inflation Hitting 4304%
Authored by Steve H. Hanke of the Johns Hopkins University. Follow him on Twitter @Steve_Hanke.
The Grim Reaper has taken his scythe to the Venezuelan bolivar. The death of the bolivar is depicted in the following chart. A bolivar is worth less, and with its collapse, Venezuela is witnessing today the world’s worst inflation.