‘Peak Trump’ Author Predicts 40 Percent Drop in Stocks, Says Rally Is Irrational

Former U.S. budget director from the Ronald Reagan era David Stockman is predicting a stock market collapse. Stockman, who is also the author of a book called “Peak Trump,” is not impressed by the S&P 500’s three-day winning streak or the fact that the index is about close at a multi-month high after last week’s declines. While most of Wall Street is cheering today’s rally, Stockman is waiting for the other economic shoe to drop, taking the S&P 500, which is currently hovering at $ 2,819, down to the $ 1,600 level or lower in the process. The doom and gloom pontificator

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This Chinese Crypto Mining Guru Predicts the Bitcoin Price Will Surge 20,000%

A Chinese crypto mining pool founder predicted that the next bull run would unleash the market’s full potential, enabling the Bitcoin price to ascend to unfathomable heights before the euphoria cools down. Bitcoin Market Cap To $ 12 Trillion? News 8BTC’s Lylian Teng reports: “Zhu Fa, co-founder of crypto mining pool Poolin, recently made a bullish statement on bitcoin’s price, predicting that bitcoin would surge to new highs at 5 million Chinese yuan (roughly US$ 740,000).” “From record high above $ 17,000 to year lows near $ 3,000, Bitcoin’s year-long turbulence has not discouraged crypto bulls. The operator of the world’s fourth-largest mining pool

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