It appears the Japanese bought the f**king dip in Bitcoin last week, as tonight's session has seen s sudden surge in the price of the virtual currency, taking out prior record highs and topping $2800.
http://www.bloomberg.com/api/embed/iframe
Additionally, Bloomberg reports, the speculative frenzy in bitcoin is spilling over into several small cryto-currency-related stocks on the Tokyo Stock Exchange.
The rate of rising home prices in Canada’s largest city slowed slightly in May as a new tax on foreign buyers – one of 16 new measures meant to cool the country’s white-hot housing market – failed to cool the Toronto housing market despite a dramatic rise in new listings, Reuters reported, citing data from the Toronto Real Estate Board.
Authored by Carey Wedler via TheAntiMedia.org,
Back in 2011, after making a killing off of his infamous mortgage short, John Paulson found himself running one of the largest hedge funds on wall street with $38 billion in total capital under management, including roughly $19 billion in outside capital. But, after gaining instant fame with his massive subprime bet, Paulson can't seem to buy a clue in recent years which has left many investors wondering whether he may have been nothing more than a "one-trick pony".
Certainly returns in his Paulson Advantage fund would indicate some difficultly replicating historical success:
Authored by Kevin Muir via The Macro Tourist blog,
We all get it wrong, including Bass, Yusko, Icahn, Dalio, and [insert whatever guru you want in here].
So when you take solace in the fact the stock market is running higher without you, I would be weary of consoling yourself that you are in smart company.