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As Bitcoin Nears $10,000 "Central Banks Kept Up At Night"

As Bitcoin Nears $10,000 "Central Banks Kept Up At Night"

The price of the largest cryptocurrency soared 16% over the weekend, bursting through $8,000 and $9,000 at a record pace and nearing the Maginot Line so many predicted at $10,000.

image courtesy of CoinTelegraph

$0000 - $1000: 1789 days$1000- $2000: 1271 days$2000- $3000: 23 days$3000- $4000: 62 days$4000- $5000: 61 days$5000- $6000: 8 days$6000- $7000: 13 days$7000- $8000: 14 days$8000- $9000: 9 days

Bitcoin highs over the weekend at $9,721...

Morgan Stanley Turns Apocalyptic On Credit: "A Cycle Turn Is Closer Than Many Believe"

Morgan Stanley Turns Apocalyptic On Credit: "A Cycle Turn Is Closer Than Many Believe"

While many have repeatedly warned over the past year that the record gains in credit are simply too good to stay - especially in Europe where yields and spreads have collapsed largely thanks to the ECB's relentless purchases of corporate debt, with the central bank announcing on Monday it held a record €127.7bn in bonds under its CSPP program - few are as bearish on credit as Morgan Stanley, which today issued ots 2018 US Credit Outlook which is, in a word, "dire."

EU SMBs Can Benefit from Smart Financial Regulation

In the aftermath of the 2008 financial crisis, countries all over the world suffered dire consequences. The irresponsibility of the globe’s biggest banking institutions, institutional investors, regulators, and consumers plunged economies in the United States, Europe, and Asia into a panic. The blame lies with those who exercised poor judgment in their creation and sale of shoddy derivative assets, but also with regulators for perpetuating a broken system of opacity.

 

Why Deutsche Thinks 2017 "Was The Most Boring Year Ever"

Why Deutsche Thinks 2017 "Was The Most Boring Year Ever"

As part of the macro forecast in his just released 2018 Credit Outlook (more on that in a subsequent post), DB's Jim Reid first looks back at the almost concluded 2017 and muses that "whichever way you cut it, it’s likely that 2017 will go down as one of, if not the least, volatile year ever for the vast majority of asset classes. The recent sell-off in early/mid November has been a bit of a wake-up call but overall this remains a blip." In fact, it makes him wonder if 2017 was "the most boring year ever?"

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