Expectations Are Low, Stock Market Strategist Says It’s Time to Buy

Hindsight is 20/20, but one stock market watcher is willing to predict that stocks are not overbought. Canaccord Genuity Chief Market Strategist Tony Dwyer suggests that economic expectations are set too low, which gives the impression that conditions are worse than they are. For instance, if you look at signals such as the pace of manufacturing growth around the world, most recently in Germany, things look pretty dismal. So bad, in fact, that another recession could be on the horizon. Not so fast, says Dwyer. In this environment, monetary policy is ripe for easing, not tightening, which is the recipe

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Short the Dow for 2019’s Coming Recession, Says Top Hedge Fund

The Dow Jones is set for an epic collapse, plunging the US into a recession as early as this year, according to Crescat Capital. The hedge fund, which consistently outperforms the market, is loading up on short positions on global stocks and shifting assets into gold in anticipation of a stock market meltdown. It comes less than a day after Nobel Prize winner Robert Shiller said a recession is likely in the next 18 months. The bears are circling, and the stock market is on thin ice. As CCN recently reported, US stocks are highly over-priced and due for a

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‘Bitcoin Will Replace Gold’ as a Store of Value by 2040, Says Block.one CEO

Gold, bitcoin, Ty Beanie Babies – what do these commodities all have in common? They are all a store of value in some way. Some Ty toys are worth more than half a million dollars in the proper sets. Bitcoin is worth thousands of dollars per coin and has been worth nearly $ 20,000 per coin. Gold has both industrial and speculative uses. Gold or BTC, which is the better store of value? The question with gold and bitcoin is, which will be the largest store of value in the coming decades. Brendan Blumer from Block.one is among the many with

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House GOP Leader McCarthy Says US Govt Must Go All-In on Blockchain

Republican House Minority Leader Kevin McCarthy (R-CA) is sounding a lot like a tech entrepreneur these days. In a plea before a select committee on March 12 introducing ideas for Congress to prioritize in the 21st century, the GOP leader made his case for integrating blockchain technology into the government’s day-to-day operations. Kevin McCarthy: U.S. Government Should Dive Head-First into Blockchain McCarthy fell short of proposing that they use a public crypto network such as Ethereum, for instance, suggesting instead that the U.S. government build its own blockchain. He is, however, willing to admit that Congress “might need help from

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