Bitcoin was created after the 2008 financial crisis and hodlers always assumed that it would be the safe-haven of choice during the next. Looks like they assumed wrong. If Bitcoin is not a currency, not a store of value, and not a safe haven, then what is it and why own it?
Mar 9, 2020
The Fed Will Cut Rates To Zero
The collapse in oil prices will provide cover for the Federal Reserve to cut interest rates to zero and ramp up QE, as it can claim it's necessary to fight declining inflation expectations. But when the U.S. dollar cracks, and oil and consumer prices surge, the Federal Reserve will be unable to reverse the policy.
Mar 5, 2020
The Dow Jones Transports Is In Bear Market Territory
The Dow Jones Transports are leading the decline, now down 20 percent into official bear market territory. The next stop is the December 2018 low, which is 5 percent below current levels. If we take that out the January 2016 low is a realistic target. That would be a 44 percent decline from the high!
Related stocks: Delta Air Lines (DAL), United Parcel Service (UPS), Union Pacific Corporation (UNP), American Airlines
Related stocks: Delta Air Lines (DAL), United Parcel Service (UPS), Union Pacific Corporation (UNP), American Airlines
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