Corporate Buybacks and Bitcoin Closing In On $10,000
For more than a year now we have been mentioning that corporations have been slowing their share buybacks. This is typically end of cycle behavior for corporations. As John Rubino points outs, dumb money is continuing to flow in and help drive markets but that is never sustainable. We also look at Bitcoin and what is helping drive the price higher. As John said it is a safe-haven play.
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oops, “off” should have been “of”.
The first decentralized peer-to-peer payment system, bitcoin, has broken through the $10,000 mark on South Korea’s Bithumb, one of world’s biggest exchanges for cryptocurrencies. The price of bitcoin this year has jumped more than 10-fold.
The digital currency is still unrecognized or regarded as an asset by most central banks. It started the year at below $1,000.
Uranium Energy Corp Increases Burke Hollow Resource by 38% with Results from Recent Drilling Campaign
Canada NewsWire
CORPUS CHRISTI, TX, Nov. 27, 2017
Highlights:
Inferred resource increases from 5.12 million pounds U3O8 to 7.09 million pounds U3O8*
Bitcoin’s Inconvenient Truths: The Silence Is Deafening
http://investmentresearchdynamics.com/bitcoins-inconvenient-truths-the-silence-is-deafening/
And of course Markedtofuture, NASA landed on the Moon.
Did you say inconvenient truth?
“It’s Going A Lot, Lot Higher”: Novogratz Sees Bitcoin “Easily” Reaching $40,000 Next Year, Ethereum Tripling
“Bitcoin could be at $40,000 at the end of 2018. It easily could,” Mike Novogratz told CNBC. As for “Ethereum, which I think just touched $500 or is getting close, could be triple where it is as well.”
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But, in terms off balance sheet economics, corporate buy-backs are only bad if interest rates go back above dividend rates.
One could make the assumption that that is inevitable,but…..
Governments cannot afford higher interest rates. So will interest rates go higher?
I would suggest there is a high probability that governments will continue print at the expense of their currencies.
There are uncharted waters.