A Bitcoin Bashing Nobel Economist Expects a Global Recession; Will Crypto Prove Him Wrong?

Noted bitcoin basher and Nobel Prize-winning economist Paul Krugman has warned that the global economy could be headed for a recession this year, according to CNBC. Per Krugman, the recession could occur towards the end of this year or in 2020: I think that there is a quite good chance that we will have a recession late this year (or) next year. According to the economist who won the 2008 Nobel Prize in Economic Sciences for his work on among other subjects trade theory, the next economic downturn could be prompted by a variety of causes. Many Factors in Play

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Saudi Arabia Hedges Majority of 4.9% Stake in Tesla as Wall Street Expects Musk to Forecast a Q1 2019 Loss

Saudi Arabia has reportedly slashed its exposure to Tesla. Part of the SEC’s complaint against Tesla and Elon Musk last year was related to Musk’s claims that Saudi Arabia was backing him in taking the company private. The SEC fined Tesla and Musk separately for $ 20 million each in the debacle. According to the Financial Times, the Saudi Public Investment Fund made a move on January 17th to hedge its investments against expected damage to TSLA stock. They retain their 4.9% holdings in TSLA, but they will not actually lose any money if things go south for TSLA. The arrangement

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Delta Airlines Expects to Lose $25 Million in Revenues Due to US Government Shutdown

The third-largest airline in the United States by domestic market share, Delta Air Lines, has disclosed that the ongoing partial government shutdown will cost it millions of dollars in lost revenue. In an interview on CNBC, Delta’s chief executive Ed Bastian said that the government shutdown will see the airline lose revenue amounting to $ 25 … Continued

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