Events
The 2nd Order Effect of a CryptoCurrency Collapse
Tuesday 6 February 2018
Recently there was a purging, a market correction, a balancing of portfolios, call it what you like, but #Cryptocurrency like #Bitcoin & Ethereum got smashed, losing huge % of perceived value in a little more than a day. And now, two weeks or so later, the mainstream stock market is following suit. The 'Why' is to me, pretty obvious -
The why is due to plenty of people, including clients of many stock broking firms, having borrowed against their physical stock holdings, to invest in #CryptoCurrency. When #Bitcoin got sold off about two weeks ago, it dragged a whole heap of other CryptoCurrency down with it. And now there's many people who borrowed real money against real stocks facing huge #MarginCalls because their #Cryptocurrency hasn't bounced back far enough to put them in the black.
And Banks are asking for their money back. The end result is that those stock market gamblers (#HazelHenderson refers to the #StockMarket as a Giant Gambling Casino) now have empty pockets. The only choice they have is to sell off their holdings in real companies to repay loans.
And because all of those margin calls have come in to everyone at the exact same time, BUBBLE BURST is the result.
It's not rocket science. It is human avarice
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Events
Monday 31 December 2018
Every year I aim to identify what I think a major focus of the upcoming year will be and in that light I'm declaring 2019 the International Year of the Cooperative. I'm prompted by a multitude of signals that my daily research has uncovered, many of which will be familiar to you -
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Monday 24 December 2018
Here we are with the last posting of the year looking at the potential for wide ranging strategy for a country like the United States. Arguably the United States is undergoing its own version of #Brexit though without the vote of the people. Instead the dictatorial nature of what I see as an incompetent strategic leader is unilaterally withdrawing the USA from its long standing and beneficial partnerships with the rest of the world.
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Tuesday 4 December 2018
I'm reluctant to make predictions but am getting a few calls so: My tip is on a March 2019 election - the 9th or 16th
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