CRYPTOS

Has JP Morgan Become Bitcoin’s Best Friend?

by Tom Luongo, Tom Luongo: There was a lot of fanfare made recently over an investment note from JPMorgan Chase which seemed to elevate bitcoin over real estate and other traditional asset classes as the “alternative asset of choice.” A May 25 investor note made the argument that bitcoin was around 28% undervalued and that the bank was targeting […]

The Crypto Apocalypse Is Here

by Michael Snyder, End Of The American Dream: Over the last seven months, we have witnessed a cryptocurrency collapse that is so epic that it is truly difficult to put it into words.  Last November, the total market capitalization for all cryptocurrencies crossed the three trillion dollar mark.  This week, the total market capitalization for all […]

Crypto CONTAGION spreads as Ponzi-like elements of the crypto ecosystem start unwinding uncontrollably

by Mike Adams, Natural News: Crypto carnage is spreading quickly, with the LUNA token demonstrating a near collapse a few weeks ago, and now the Celsius crypto lending platform declaring what is essentially a “bail-in” freeze of all customer assets. If you had crypto deposited with Celsius, you no longer technically own it since you no longer control it. […]

Powered by (Formerly) Huge Gains from Real Estate, Stocks, Cryptos, as “Real” Incomes Lag? “Real” Consumer Spending Rises, Spending on Services Jumps

by Wolf Richter, Wolf Street: You can see why some retailer stocks are not liking the shift from goods back to services. Americans outspent inflation by a good margin in April. “Real” spending on goods – what consumers buy at retailers, adjusted for inflation – rose for the month but was down from the stimulus-miracle […]

Charlie Munger Accidentally Makes a Case for Bitcoin In His Attack on Cryptos

by Mish Shedlock, Mish Talk: Berkshire Hathaway’s Charlie Munger Calls Bitcoin Stupid and Evil. Audience Participation Here’s a great clip of a young high-school age girl asking Warren Buffet for one investment idea at the Berkshire Hathaway annual shareholder meeting. I partially covered this video in my previous post. In this post I want to […]