Narenda Modi Archives - Market Mad House

daniel August 1, 2017 Berkshire Hathaway, Capital in the Twenty First Century, Gems from Warren Buffett:, How Large-Denomination Bills Aid Crime and Tax Evasion and Constrain Monetary Policy, Letters to Shareholders, Narenda Modi, Some Great Books to Help Investors Understand the Modern Economy, The Age of Cryptocurrency:, The Curse of Cash, The Definitive Book on Value Investing, The Demographic Cliff:, The Everything Store, The Intelligent Investor, Warren Buffett's 3 Favorite Books

Some Great Books to Help Investors Understand the Modern Economy

If you want to understand the origins of the retail apocalypse; and the rise of Amazon (NASDAQ: AMZN), read this book. Does a good job of explaining who Jeff Bezos is and exposing his thought processes.

Market Insanity

daniel December 24, 2016December 24, 2016 A major online retailer will start accepting Ethereum or bitcoin payment, At least one major government will try to ban cryptocurrency, bitcoin will be more valuable than gold, demonetization, Ethereum, gold and bitcoin, Narenda Modi, OPEC will not have any influence on oil prices, Quorum, Russia might run out of money completely, The price of bitcoin might exceed the price of an ounce of gold for the first time, The price of gold will drop below $1000

Nine Off the Wall Economic and Financial Predictions for 2017

The price of bitcoin might exceed the price of an ounce of gold for the first time. This prediction is not as crazy as you might think. On December 24, 2016, an ounce of gold was trading at $1,136.90 and a bitcoin was trading for $891.75. That means the price difference between Bitcoin and gold is just $352.14. Now consider the fact that Bitcoin doubled in value over the course of 2016, it was trading at $442.50 on December 20, 2015 and $891.75 on Christmas Eve 2016. Gold prices also increased from $1083.50 on December 21, 2016, to $1,137.30 on December 24, 2016. If gold and bitcoin repeat their performance next year, bitcoin will be more valuable than gold.

The Death Spiral

daniel November 21, 2016 $2.648 billion in cash and short-term investments, Barrick Gold (NYSE: ABX), Barrick Gold’s chances of growth are zilch, Barrick Gold’s Revenue Collapse, Barrick’s revenues have declined every quarter for almost four years, Barrick’s revenues have fallen by nearly $6 billion, Is Barrick Gold a Good Investment?, Is Barrick Gold Doomed?, Is Barrick Gold Making Money?, Narenda Modi

Is Barrick Gold Doomed?

A major reason why Modi killed his nation’s two largest banknotes was to stop the flow of cash out of the economy and into gold. That might be sound economic policy; but is potential disaster for Barrick and his competitors because India is the world’s largest market for gold.

Market Insanity

daniel November 20, 2016 Are Central Bank Issued Cryptocurrencies a Good Idea?, bank issued digital currencies, Bank of New York Mellon (NYSE: BK), blockchain-based mediums of exchange, Central Bank Issued Cryptocurrencies, Central Bank Issued Cryptocurrency, Central Bank Issued Digital Currency, Citicoin, Citigroup (NYSE: C), CME Bitcoin Real Time Index, CME Bitcoin Reference Rate, CME Group Inc., COIN, cryptocurrencies, Cryptocurrency, Cryptocurrency Market Developing, Deutsche Bank (NYSE: DB), Digital Currencies, Fan Yifei, FinTech Accelerator, Goldman Sachs (NYSE: GS), Monetary Agency of Singapore, Narenda Modi, next-generation currency, PBOC, People’s Bank of China, replacement of paper money with digital currencies, SETLCoin, The World’s First Central Bank Issued Cryptocurrency is Here, UBS (NYSE: UBS), US Federal Reserve, Utility Settlement Coin, Zhou Xlaochuan

Should Central Banks Adopt Digital Currencies?

The PBOC is in a rush to develop a digital currency because of China’s experience with bitcoin. China is the world’s largest market for bitcoin because the cryptocurrency allows the country’s residents to easily bypass its’ rigid currency controls.

The central bankers apparently hope that issuing their own cryptocurrency will give them some control over the situation. Some control is better than no control which is what they have right now.