To many detractors of Bitcoin and other unbacked cryptocurrencies, stablecoins have become the digital currency of choice. Supposedly backed by fiat currency or currency-like assets, stablecoins have been offered as an alternative both to cryptocurrencies like Bitcoin and to conventional fiat currencies like the US dollar. But with the Federal Reserve pushing interest rates back […]
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Recent news reports have indicated that US intelligence agencies knew of the coronavirus in late November. The concerns about the virus were detailed in a report issued in November by the National Center for Medical Intelligence. Officials apparently warned that a new contagious disease was sweeping through Wuhan and disrupting daily life in the city. […]
Continue Reading2020 was already set to be an interesting year for investors, what with the increased likelihood of a slowing economy and an oncoming recession. The spread of coronavirus and the reaction to it have taken many by surprise, however, and have resulted in trillions of dollars worth of losses to investors. To ease some of […]
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2020 was already set to be an interesting year for investors, what with the increased likelihood of a slowing economy and an oncoming recession. The spread of coronavirus and the reaction to it have taken many by surprise, however, and have resulted in trillions of dollars worth of losses to investors. To ease some of […]
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Like the prices of many safe haven assets, cryptocurrency prices have decreased as a result of all the recent market turmoil. With stock markets well off their recent levels, investors and financial institutions across the board have been in a race for cash, looking to sell off assets to boost cash holdings and pay bills, […]
Continue ReadingAs the US economy continues its self-inflicted contraction, job numbers continue to paint a picture of a severely damaged economy. Just about everywhere you turn, the numbers are going from bad to worse. And as long as millions of Americans remain under lockdown, those numbers won’t get better anytime soon. Last week saw two horrendous […]
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As the US economy continues its self-inflicted contraction, job numbers continue to paint a picture of a severely damaged economy. Just about everywhere you turn, the numbers are going from bad to worse. And as long as millions of Americans remain under lockdown, those numbers won’t get better anytime soon. Last week saw two horrendous […]
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The US right now has the world’s highest number of confirmed coronavirus cases, and one of the highest death totals. That’s understandable, given how large the country is. Its per capita case and death rates are still below those of countries like Italy. But what is really surprising are the numbers coming out of China, […]
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I know what you’re thinking. Did he fire six shots or only five? Well to tell you the truth, in all this excitement, I kind of lost track myself. But being that this is a .44 Magnum, the most powerful handgun in the world, and would blow your head clean off, you’ve got to ask […]
Continue ReadingWith no real end in sight to the coronavirus crisis, and millions of Americans out of work for an indefinite period of time, the US economy is set to enter perhaps its worst financial crisis since the Great Depression. The effects of the current economic shutdown will be felt for years, if not decades, to […]
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