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Showing posts with the label financial markets

Financial Crisis 2018

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You wake up today and check the news to find out that the stock market has crashed 40% overnight. We haven’t had a financial crisis since 2008. But guess what? Nothing has changed since then. Banks take on the same or more risk than they did back then. There are more derivatives outstanding than ever. The global economy is even more complex.

I just checked recently and the 90 day S&P average returns are approximately -12%. Is this the start of something ugly? Many experts think the gains in the stock market have already been taken.

This information makes me go full contrarian and buy crypto as a non-toxic asset. It literally acts as a hedge against the fall in traditional asset classes. My personal favorite right now is Bitcoin Cash (BCH) which has outperformed all major crypto coins and tokens recently.

What is it going to take for people to jump into crypto? I talk to a lot of Americans and many are unwilling to make the switch to crypto because they haven’t experienced enou…