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
Keep informed - Sign up
Events
Friday 19 October 2018
The question is, 'how does the thinking inside this document stack up?' Turns out, pretty good. What we spotted and what problems we said we'd have to watch out for, are just about spot on
Read more...
Monday 15 October 2018
it’s OK not to know your career path when you leave university – sometimes that won’t emerge until much later down the track,” Barber says. “We should remind kids that the pathway they select to start off with is unlikely to be their final pathway,
Read more...
Sunday 9 September 2018
Have just returned from Manila where we were graciously hosted by the Development Academy of the Philippines, the central organisation developing opportunities and planning ideas for other Government agencies. Along with the DAP team we had representatives from Mongolia, Fiji, Indonesia and China all keen to add to their existing approaches to helping their countries take a more effective forward view
Read more...
