UBS CEO Sergio Ermotti Basically Admits Equities Are A Ponzi Scheme

Speaking at a CNBC panel at the World Economic Forum in Davos, Sergio Ermotti, the chief executive officer of Swiss bank UBS said the massive December sell-off was the result of political fears as well as the reality setting in that the Fed is tightening up the money spigots. December losses on the S&P 500, Dow Jones, and NASDAQ made 2018 the worst year for equities since the devastating financial crisis of 2008, the worst December of trading on the U.S. stock market since 2008 as well, and even the worst December since the Great Depression. U.S. Stocks Were Massively

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Anyone else tired of their parents sending you articles on “The Bitcoin Ponzi Scheme”

Just wanted to see out there if anyone else is tired of their loved ones sending them negative articles about Bitcoin. There is always nothing substantial about them and they are always just pure conjecture. Usually from some old guy who never dives into the tech of Bitcoin and just calls it a pyramid scheme.

Just got a text with this article below. I'm really sick of getting these links sent to me. On the bright side Bitcoin obituaries is getting more links.

https://nypost.com/2018/11/26/the-bitcoin-pyramid-scheme-continues-to-collapse/

submitted by /u/scottydoeskno328
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