Tag: bubble

Blockchain’s Only Application After 10 Years Has Been A Bitcoin Pyramid Scam

Bitcoin is the “biggest bubble in human history” and is coming down “crashing”, Nouriel Roubini, the chairman of Roubini Macro Associates has warned. Bitcoin plummeted to a two month low of $7,695.10 on Friday, according to CoinDesk.com. The cryptocurrency fell 4.72 percent to $8,625.50 at 14:57 in London. Speaking to Bloomberg, Roubini said: “I say it…

Bitcoin Price Dives Below $11,000 As Profiteering Deepens: Synchronized Cryptocurrency Market Crashes By $165 Billion

Bitcoin’s value plunged on Tuesday, falling to $11,300—the lowest value the virtual currency has seen in 2018. Bitcoin’s value is down more than 20 percent over the last 24 hours, and down 42 percent from December’s all-time high of around $19,500. Top 11 Countries Which Have Banned Bitcoin Nobel Laureate Economist Joseph Stiglitz Says Bitcoin Doesn’t…

Billionaire Hedge Fund Pioneer Ray Dalio: Bitcoin Is A Bubble, Not A Currency…Not A Store Of Value

Yet another financial expert is sounding the alarm on what he believes to be a widespread misconception about the nature of Bitcoin. The popular cryptocurrency, Bridgewater Associates founder Ray Dalio stated during a recent interview on CNBC, isn’t stable, nor is it actually worth the amount of money at which it is currently valued. Like…

Corporate Stock Buybacks Using Borrowed Fiat USD: Parasitize The Economy Distorting Charts Into Bubbles

The monster of economic waste – over $7 trillion of dictated stock buybacks since 2003 by the self-enriching CEOs of large corporations – started with a little noticed change in 1982 by the Securities and Exchange Commission (SEC) under President Ronald Reagan. That was when SEC Chairman John Shad, a former Wall Street CEO, redefined…

Jim Rickards: When Markets Are Most Complacent Sudden Drops Are Most Likely

Even after Wednesday’s [5/17] stock market rout, more analysts are referring to current stock index levels as a “bubble.” I’m one of them, although I make the point that bubbles can last a long time and don’t pop just because valuations are stretched. It’s helpful to remember that Alan Greenspan called the stock market a…