The Federal Reserve Bank’s Dallas branch has warned of a “brewing US housing bubble,” saying that prices have surged beyond levels justified by market fundamentals, creating risk of a market collapse. “There is growing concern that US house prices are again becoming unhinged from fundamentals,” Fed economists said in a …
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Top cryptocurrency Bitcoin could tumble below $30,000 this year as the air comes out of the crypto bubble, according to US investment firm Invesco’s list of “improbable but possible” outcomes for 2022. “The mass marketing of Bitcoin reminds us of the activity of stockbrokers in the run-up to the 1929 …
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Tesla is all about its CEO, Elon Musk. Musk is an epic showman and a slick salesman who can sell anything to anyone. Tesla, with its questionable profitability, still has a market capitalization that exceeds $1 trillion. In fact, Holon Global Investment’s Whitney Tilson predicts Tesla’s market capitalization is headed …
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Purchases of NFTs are fueling an online art boom unique in human history, with individual virtual pieces selling for more than $60 million at major international auctions. The abbreviation refers to Non-Fungible Tokens, and their use allows any digital creation to be marked as unique and original – lending immediate …
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“What did Christine Lagarde mean when she said that bitcoin is offering an escape valve?” asks Max Keiser. “So, what if Elon Musk is escaping these negative interest rates, the zero percent interest rates by buying bitcoin.” He explains that “capital will always go to where it gets the best …
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“A financial asset is in a bubble when its price has no relationship to its underlying present value or a reasonable expectation of its future value, and investor conviction in price appreciation is high and fear of loss is low,” he wrote on Twitter. “At $50k #Bitcoin is the biggest …
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“DC’s policy bubble is fueling Wall St’s asset price bubble,” wrote a group of analysts at Bank of America led by Michael Hartnett, as quoted by Bloomberg. The analysts were referring to the US Federal Reserve’s (the Fed’s) monetary actions, as well as fiscal stimulus policies designed to mitigate the …
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Got in debt borrowers remained the only way out The “bubble” of consumer credit is exhausted, not having lived through the pandemic coronavirus. The amount of arrears soared: the loans growth was 129%, and the volume of mortgage loans that are not serviced 30-60 days, increased by 125%. This was …
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Got in debt borrowers remained the only way out The “bubble” of consumer credit is exhausted, not having lived through the pandemic coronavirus. The amount of arrears soared: the loans growth was 129%, and the volume of mortgage loans that are not serviced 30-60 days, increased by 125%. This was …
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Looks like this is all entering the homestretch. In the United States began uncontrolled acceleration of cash multipliers. For the last 6 weeks, the money supply (the M2 aggregate) increased by 10% (almost 100% per annum!) Under normal conditions a typical average annual growth rate of M2 5.5-6.5% for the …
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