Inflection Point (Part 3): The Ultimate Cryptocurrency Surprise It’s pretty tough to recall a historical example of an “asset class” that has generated as much controversy as Cryptocurrencies. On the one hand, established Wall Street veterans, such as J. P. Morgan Chase Bank CEO Jamie Dimon, have called Bitcoin a “fraud” (https://www.cnbc.com/2017/10/13/jamie-dimon-says-people-who-buy-bitcoin-are-stupid.html). Others, such as […]
Inflection Point (Part 2): Financial Assets Give Way to Hard Assets Recently, we outlined the case for why equity prices may be at an historical Inflection Point (https://markonomics101.com/2018/07/12/inflection-point-part-1-the-long-term-equity-valuation-cycle/). Both Price Earnings multiples (PEs) and Earnings themselves have very little apparent upside while being highly susceptible to a reversion to their long-run means. Such a […]
THE NEW FEDERAL RESERVE CHAIRMAN, INTEREST RATES AND POLICY: THE PERFECT EXCUSE The Federal Reserve’s Interest rate decision, and new policy announced yesterday, as reported by the Wall St. Journal […]
Amid dire circumstances, Precious Metals, Gold and Silver, are set up perfectly for an explosive move higher. The coming explosion in the price of Gold and Silver has several fundamental factors supporting it, including: 1) the weak dollar policy of the Trump administration, 2) increased demand from Central Banks worldwide, 3) increased demand from buyers […]
Bitcoin or Bustcoin? Digital Gold versus Physical Gold Source: www.coindesk.com Introduction The first crypto-currency, known as Bitcoin (BTC), was introduced in 2009 and initially sold for roughly 6 cents. That same coin today now fetches approximately $19,000 sporting a monstrous 300,000-fold increase in its short 8 years. In 2017 alone, Bitcoin has traded from a […]
