Following today's crypto-rout which saw bitcoin plunge as low as $10,000, down over 30% on the day, and nearly 50% from its Sunday high of just below $20,000, the HODLers and no longer HODLing and instead are rushing to get out. So, in taking a page from the futures markets, the largest US crypto-exchange, Coinbase, said on Friday that buying and selling was temporarily disabled due to high traffic.
A very interesting chart has crossed our feed this morning via Teddy Vallee, a consumer analyst, who we pay attention to on occasion...
The first half of the chart shows the bottom 50% of Western European’s national income, which has stayed relatively the same for the past 30-years.
Meanwhile, in the United States, the bottom 50% of Americans have been royally screwed of the course of 30-years.
Authored by Lance Roberts via RealInvestmentAdvice.com,
With the passage of the Tax Cut And Jobs Act on Wednesday, I wanted to address a few of the questions and misinformation currently circulating about the impact of tax cuts on the U.S. economy.
Over the last couple of months, I have been repeatedly asked why I am not “enthusiastic” about the “greatest tax reform” since the Reagan era.
As if public pension managers around the country weren't having enough difficulty digging themselves out of their massive $3-$5 trillion funding gap, the chorus of liberal governors suggesting they should recklessly abandon their fiduciary obligations to future retirees and choose investments not on their financial merits but rather based on the political preferences of clueless politicians is growing stronger by the day. As Pensions & Investments points out today, New York Governor Andrew Cuomo is the latest such politician to jump on the bandwagon after suggesting that the New York S
Via Disobedient Media
On December 4th, 2017, Disobedient Media published testimony and research outlining a massive, well connected human trafficking and child pornography network located in various locations along the U.S. East Coast. The list of individuals connected to this wider network allegedly included disgraced former football coach, Jerry Sandusky.