bitcoin Crypto federal reserve Michael Novogratz Mike Pence Politics 

Trump’s Economy Makes Michael Novogratz ‘More Bullish’ on Bitcoin

By CCN: Go right ahead lefties with your monetary policies. You’re rallying crypto bulls. And you right leaners who are calling for lower interest rates are as good as gold for crypto, too. That’s the message from former hedge fund manager Michael Novogratz. The bitcoin bull weighed in on monetary policies being bandied about that are essentially making the case for crypto. Novogratz is the CEO of cryptocurrency merchant bank Galaxy Digital. In a tweet this weekend, he pointed to calls for interest rate cuts being made by Vice President…

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david rosenberg Dow Jones federal reserve U.S. Market News 

Dow Creeps Higher – Here’s Why ‘Super Wednesday’ Could Turn Sour

Get Exclusive Analysis and Investing Ideas of Future Assets on Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. Get Exclusive Analysis and Investing Ideas of Future Assets on Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. The Dow crept higher leading into the morning trading session, as the US stock market eyed a recovery from its April 9 pullback. However, this so-called “Super Wednesday” threatens to…

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bitcoin Bitcoin Analysis Crypto federal reserve ron paul travis kling 

Bitcoin Is a Hedge Against ‘Irresponsible’ Federal Reserve: Asset Manager

Get Exclusive Analysis and Investing Ideas of Future Assets on Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. Get Exclusive Analysis and Investing Ideas of Future Assets on Join the community today and get up to $400 in discount by using the code: “CCN+Hacked”. Sign up here. As the bitcoin price recovers following a catastrophic bear market, crypto bulls are optimistic that good times lie ahead. Moreover, they predict that the public’s embrace of bitcoin will strengthen…

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bitcoin Bitcoin Analysis Crypto Donald Trump federal reserve Stephen Moore U.S. Market News 

Why Trump’s Controversial Fed Pick is Massively Bullish for Bitcoin

Donald Trump might frequently complain about the Federal Reserve and Jerome Powell, but until now no one cared. His latest move to recommend Stephen Moore for a seat on the Fed’s board is potentially explosive, with ripple effects that could hit the global monetary system hard. Puppet central banks and inflation go hand in hand, so over the long-term, this could be extremely bullish for Bitcoin. Trump’s Assault on Fed’s Independence Could be Great for Bitcoin The Federal Reserve has always been sacred. Presidents will appoint yes-men in every walk…

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Donald Trump Dow Jones federal reserve Op-ed U.S. Market News 

Despite Trump Jabs, Fed Rate Hikes May Be the Dow’s Saving Grace

Complaining about the Federal Reserve’s approach to monetary policy has been one of President Donald Trump’s favorite activities. However, as talk of recession picks up after a temporary inversion of the yield curve, Jerome Powell’s hawkish approach will be a tremendous asset to the U.S. globally. Meaningful stimulus can help put a floor under the Dow Jones as most of the developed world is stuck on interest rates around zero. No One Should Be Excited by a Fed “Pause” Trump was always the market-friendly candidate, but his decision to increase…

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Donald Trump federal reserve Op-ed U.S. Market News 

Wall Street Trading Bots Fail as Fed Flip-Flops and Trump Tweets

The party may be over for automated trend-following trading strategies on Wall Street. As a recent report by Bloomberg highlights, the once legendarily profitable investment systems run on computers by hedge fund managers have lost their edge. Although still dominating a large share of capital compared to human traders, the machines are not as invulnerable as they once were. Wild volatility in the Dow Jones and other major US stock market indices makes that abundantly clear. Smooth economic cycles are one thing, but unnatural monetary policy from the Federal Reserve…

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Alexandria Ocasio-Cortez federal reserve Green New Deal Jerome Powell Op-ed U.S. Market News 

Even Fed Chair Powell is Freaked out by Ocasio-Cortez’s Green New Deal

Even the U.S. Federal Reserve thinks Alexandria Ocasio-Cortez needs to cool it with all the money-printing schemes. CNBC reports: “An increasingly popular theory espoused by progressives that the government can continue to borrow to fund social programs such as Medicare for everyone, free college tuition and a conversion to renewable energy in the next decade is unworkable, Federal Reserve Chairman Jerome Powell said Tuesday.” Alexandria Ocasio-Cortez is One of the Most Overrated Politicians of the Decade Why is the mainstream media discussing this like using the Federal Reserve to monetize…

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bitcoin Bitcoin Opinion Bitcoin Price News federal reserve 

Federal Reserve Blames Altcoins for Dragging Down the Bitcoin Price

The Federal Reserve Bank of St. Louis has released an article today about Bitcoin. In it, the bank notes that the price of Bitcoin has three potential futures: indefinite, infinite appreciation; zero; or somewhere in between. They believe it will be somewhere in between. The authors, David Andolfatto and Andrew Spewak, conclude that one of the factors dragging down the price of Bitcoin is an ever-expanding supply of alternatives. Bitcoin is an inherently speculative and volatile asset. A fixed supply doesn’t mean an ever-increasing value. Demand determines value, after all….

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Bitcoin Economics federal reserve FSB Global Economic Outlook Jerome Powell Lael Brainard 

Bitcoin Does Not Threaten Global Economy According FSB

Bitcoin and other cryptocurrencies do not pose a threat to the world economy, but should be monitored as the market “continues to evolve rapidly.” That’s the assessment of the Financial Stability Board (FSB), an international body that monitors the global economy. The observations were brought to light in a December 28 report by the Reserve Bank of India (RBI), which is India’s central bank. The RBI report noted: The FSB has undertaken a review of the financial stability risks posed by the rapid growth of crypto-assets. Its initial assessment is that crypto-assets do…

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david rosenberg federal reserve Jerome Powell Stock News 

US Economy Is ‘Complete Facade,’ Says Economist Who Claims Recession Is Near

The US economy will plunge into a recession in 2019, thanks to overreach by the Federal Reserve — which raised interest rates for the fourth time in 2018. That’s the sobering assessment of Canadian economist David Rosenberg, a strategist with Gluskin Sheff, a Toronto investment firm. “The market is behaving as it did during the worst collapse for the market since 1929 and/or the worst recession since the Great Depression,” Rosenberg wrote at Business Insider. “The Fed is over-reached.” To paraphrase Warren Buffet: ‘If this isn’t a bear market, then what is…

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