Bitcoin has just collapsed over $1000, back below $11,000...On heavy volume...
Ethereum is also down hard...
No immediate catalyst for the move, but we do note that it started as Venezuela's Maduro unveiled "The Petro" - their official cryptocurrency.
Or is this why?
The dreaded Barron's Cover Curse?
Elon Musk’s reliance on shock-and-awe tactics and unjustifiably lofty performance projections is creating serious problems for the so-called visionary as a growing number of experts have come forward to explain that many of his claims would defy the laws of physics.
Authored by Zainab Calcuttawala via OilPrice.com,
A new law passed by the Danish government could authorize regulators to block the passage of the Russian Nord Stream 2 gas pipeline on security or foreign policy grounds, according to a new report by Reuters.
Under previous laws, the two reasons above would not have constituted valid grounds to reject the construction of a pipeline.
Nord Stream 2 will bypass land routes through Ukraine, Poland, and Belarus to supply gas to Germany and surrounding nations.
Authored by Martin Armstrong via ArmstrongEconomics.com,
The Great San Francisco Earthquake struck on April 18th, 1906 (1906.295).
Based upon our model that monitors earthquakes due to their impact on the economy (1906 quake led to the Panic of 1907 and the formation to create the Federal Reserve in 1913), the risk for a major earthquake turns up in 2018.
Why? Actually from two aspects.
The 2017 Atlantic hurricane season, which officially began on June 1 and ends today, featured the highest number of major hurricanes since the 2005 season and was only the second time that two Category 5 hurricanes made landfall. However, it was by far the costliest hurricane season on record, with a preliminary total of $368.7 billion in damages, more than twice the cost in 2005. Nearly all of the damage resulted from the season’s three major hurricanes, Harvey, Irma and Maria.