December 7, 2017: ‘A Date Which Will Live In Bitcoin Infamy’
This is “beyond abnormal, it’s unprecedented.”
A Brief Reprieve (God Blesh Ush, Everyone)
Nothing too outlandish happened except of course for…
‘It’s Chaos’: John McCain Blasts Trump, Congress In Scathing New Article
“Around the world and here at home, 2017 has seen the erosion of that order and the institutions that protect it — and we cannot act soon enough to reverse this trajectory.”
Is This The Scariest Chart Of All?
Sentiment is a funny thing.Â
Here’s How You Will Know If Another Black Monday Is Coming…
The writing would be on the wall at least a month prior.
‘It’s Insane’: Advisers Now Say Trump Did Not Understand Israel Embassy Decision
“He doesn’t realize what all he could trigger by doing this.”
Albert Edwards Asks: ‘Could This Be What Blindsides Investors?’
Investors don’t care.
‘Levels Are Irrelevant’: Bitcoin Market Cap Hits Quarter Trillion
Ain’t no mountain high enough.
For The First Time In Modern History, A Better Future Is Not The Base Case
“For any ideology the gradient between the present and the future has always had to be positive.”
Bitcoin Hits Escape Velocity: Insanity Goes Vertical In Late Wednesday Surge
This horse has left the barn.
Trouble In Paradise.
There’s trouble in market paradise.
Whistleblower Comes Forward: Michael Flynn Said Russia Sanctions Would Be ‘Ripped Up’
Mr. Flynn texted the former business associate to say that the project was “good to go.â€
Alan Greenspan Compares Bitcoin To America’s Worthless Colonial Currency
“People gamble in casinos when the odds are against them. It has never stopped anybody.”
This Chart Shows Retail Investors Going All-In Like Never Before
You piled into stocks in November, didn’t you?Â
‘Investors No Longer Fear Shocks, But Love Them’
Land speed record dip buying.
A $20 Trillion Oops Moment
“We forgot to correct for the hyper-inflation.”
Let’s All Talk About Steve Bannon’s Egregious Roy Moore Rally, Ok?
It was karaoke night at a Fairhope, Alabama dive bar on Tuesday, which presumably explains why a bleary-eyed, disheveled homeless man was allowed to get up on stage and ramble about establishment conspiracy theories.
Oh, The Humanity! Asian Shares Dive As Tech Wreck Wreaks Havoc On Hong Kong
Well on Wednesday, things got worse – and materially so.Â
When Tailwinds Become Headwinds
“The major opposing forces in 2018 will be contracting global liquidity vs synchronized global growth. Our view is that the former will be the bigger force, and will drive asset returns in 2018.”
Veteran Trader: ‘Bitcoin Futures Will Trade Like Garbage’
“Now before you dismiss me as some ancient out-of-touch finance guy who doesn’t get it, remember that I was mining bitcoins and arbing between exchanges before most of Wall Street had ever heard the word blockchain.”
The ‘Most Moronic Tweet’ In History: 5 Experts Debunk The ‘Trump Is Above The Law’ Lie
“The days of crazy King George III ended with the Battle of Yorktown in 1781. We now have a nation of laws, not men.”
Who’s Going To Defuse The $1.3 Trillion Student Loan Bubble?
Whatever the case, we shouldn’t lose sight of these two trillion-dollar bubbles because, well, because they are trillion-dollar bubbles and generally speaking, trillion-dollar bubbles do not just go gentle into that good night.Â
Mueller Subpoenas Deutsche For Trump’s Bank Records: Hubris, Karma And A Lifetime Of Disrepute
Pride, Mr. President, goeth before destruction, and an haughty spirit before a fall.
Tech Rout Hits Hong Kong (Again) As Tencent Extends Worrying Slide
Keep an eye on this – in an increasingly interconnected and interdependent global market, these tech selloffs are demonstrating a propensity to spread quickly. And there’s some poetic justice in that, right? After all, tech is all about connecting the world.
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