Lightsped's Liew : Bitcoin to go to $500,000 by 2030.......
wow.... even Rick Santelli is commenting that if we get tax reform and a healthcare deal... the market is going to act like a Gemini rocket moving into it's next acceleration launch phase and stocks can go up 5 to 10%..
and as all of us seasoned observers on SI vividly remember from 1998 and 1999.... it was the kind of marketwere simply "So it was written and so it shall be done" ..But we also remeber March of 2000 very well also....
Corporate tax reform would indeed be a positive.......
MSCI has given the green light to adding Mainline China stocks to the EEM ETF... that bumps up the weighting of Hong Kong alone at 27% up to 40%... so the EEM is now 40% exposure to China... which
is extremely bullish if the Chinese market goes up....
The stocks don't trade in the EEM index until June of 2018.....
cnbc today magically has a new 4th currency they have included with the big 3..... and the new currency
for a least a while this afternoon... is the Chinese Yuan..
on cnbc pumping up his start -up shares of SNAP.
He is really gaming the Cryptocurrencies.... specifically Bitcoin... suggesting it could go to $500,000 by
2030...
cnbc points out that Bitcoin already up 184% today .... meanwhile back here on planet earth....
crude realities...
and Don... that Bloomberg article on Goldman is excellent
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By
Max Abelson
June 19, 2017, 4:00 AM EDT
Three months after leaving Goldman Sachs Group Inc., Archie Parnell got an invitation to pet a rat named Rascal.
The bank’s former global head of tax policy wasn’t thrilled. It was a hot South Carolina afternoon in May, and Parnell was touring Piedmont Technical College in Newberry, once a cotton-mill town, while zigzagging across the state’s fifth congressional district. He’s the Democratic candidate in Tuesday’s special election, trying to wrest control of the House seat that opened when Donald Trump picked Mick Mulvaney as his budget director. A dry and serious man who often stands with his hands clasped behind his back, Parnell gave the white rodent a quick tap.
He was just as cautious about touching the topic of minimum wages. When Tanya Niles, the veterinary technology instructor holding Rascal, mentioned she’d like graduates to earn $15 an hour, it was a perfect chance for Parnell, who says he’s running to protect people from Trump, to tell her he would join the fight for a $15 minimum wage. He didn’t.
“I’m not going to go to a particular number, it has to be livable,” Parnell said. “I know it sounds like sort of a weak way of saying it.” That same week, former Goldman Sachs management committee member Phil Murphy, the front-runner in November’s New Jersey race for governor, marched in the annual African-American parade in Montclair. He strutted, bowed, pledged his love, kissed cheeks and thanked onlookers for their support without actually waiting for any evidence of it.
Seven months after Trump’s triumph left their party in tatters, Democrats are desperate to chip away at his influence. There are only half a dozen big elections left this year, a handful of chances to loosen the Republican grip on power. Two of the Democratic nominees, Parnell and Murphy, worked for the same Wall Street firm whose alumni now stock the Trump administration.
So many people from Goldman Sachs have won so many seats of power in the U.S. that they cover the political landscape. Gary Cohn, who went from bank president to Trump’s top economic adviser, and his old colleague Steven Mnuchin, now Treasury secretary, are former Democratic donors working for Trump alongside Republican Dina Powell, a senior counselor. Utah’s Evan McMullin, who ran for president as an independent conservative, lambastes the administration. Moderate Democrat Jim Himes is a Connecticut Congressman with views that overlap Parnell’s. Murphy, whose former colleague Jon Corzine was once New Jersey’s governor, is running as a progressive.
JP |
