Business

Content originally published at iBankCoin.com

A key member of Facebook's ministry of truth, Snopes, has hit a major snag which has forced them to go beg for money. Apparently too cheap or stupid to run a contract for their primary source of income past a competent attorney, the 'arbiters of truth' appear to be in major financial trouble after claiming a San Diego outside vendor is holding ad revenues hostage. In response, Snopes set up a gofundme page which has raised over $500,000.

The largest cryptocurrencies are under presure again today - Bitcoin, Ethereum down around 10% - as it seems some anxiety remains ahead of the August 1st scaling decision deadline, chatter about Russian Bitcoin viruses, and a new report from BofA has raised more questions than answers about the future of virtual currencies.

On average major crytos are down around 10%...

With Bitcoin back near $2500...

And Ethereum testing $200 support...

Just over three years after Greece "triumphantly returned" to capital markets in April 2014, when it issued €3 billion in 5 year bonds at a yield of 4.95%, and a cash coupon of 4.75% - an offering which was 8x oversubcribed - and which crashed and nearly defaulted one year later when only the 3rd Greek bailout prevented the country from going bankrupt, only to get taken out at 102, moments ago Greece once again returned to the bond market, if far less triumphantly, by selling another €3 billion in 5 year paper which however was "only" 2x oversubscribed, with indications from Bloomberg that

Authored by Lance Roberts via RealInvestmentAdvice.com,

Okay, I have to discuss something this week that has been bugging me. I have had several emails as of late suggesting one of the biggest investing fallacies stated during late stage bull market advances.

“I don’t care about the price, I bought it for the yield.”

First of all, let’s clear up something.

Second only to March's highs, The Conference Board's Consumer Confidence printed at its highest level since the year 2000 (ironic given where Nasdaq is trading). Despite a tumble in 'hard' data, and a plunge in Bloomberg's economic expectations, it appears record high stocks are working to pump Americans up.