Authored by Aaron Brown via Bloomberg.com,
The problems cryptocurrencies help solve will not disappear if their prices collapse the way tulip futures did in the 17th century.
JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon made news last week by criticizing bitcoin.
Asking a bank CEO what he thinks of bitcoin is like asking the head of the post office what he thinks of e-mail.
Over the weekend, we reported that vendors to iconic toy retailer Toys "R" Us had halted shipments over payment concerns and/or getting their receivables crammed down alongside other unsecured claims ahead of what appeared to be an imminent bankruptcy. Well, they were right, and according to Bloomberg a Chapter 11 filing by Toys "R" Us is to be expected as soon as tonight.
"A day above ground is a day to buy stocks..."
Trannies were weakest on the day as dip-buyers rescued stocks from red after a mid-afternoon slump...ugly close
Authored by Dr. Constantin Gurdgiev via MarketWatch.com,
The stagnation of real incomes from 1999 through today is structural, not cyclical...
Off the top, the figures published by the U.S. Census Bureau on Tuesday are encouraging:
Well that escalated quickly...
Some chatter than Lawrence Lessig's comments on regulating 'code' spoked some of the mega tech stocks, FANG tumbled...
And that dragged everything down...
VIX spiked back above 10...
And in case you were looking for a catalyst, there is none (same as with the panic-bid at the open).