Dual Universe Of The Petro Yuan And Petro Dollar Has Arrived, It's All A...

ALL MARKETS (BONDS-INTEREST, COMMODITY, BULLION, CURRENCY, STOCKS) ARE HEADING TOWARDS A CRYPTO CURRENCY BALLAST.
WHAT IF LABOR FOLLOWS SUIT?





Bitcoin Explodes Above $14,000 - Korean PM Fears "Serious Pathological Phenomena" ==================================== THE END OF THE MAFIA PAPER WORLD POWER. PAPER CURRENCIES BEING SHREDDED LIKE PAPER. ==================================== Tyler Durden's picture by Tyler Durden Dec 6, 2017 5:54 PM Well that escalated quickly... Just a few hours ago, Bitcoin surged above $13,000 and now, on notable volume, it has reached the stunning $14,000 level... up 20% today... The real surge began at 1715ET... For those keeping track, this is how long it has taken the cryptocurrency to cross the key psychological levels: $0000 - $1000: 1789 days $1000- $2000: 1271 days $2000- $3000: 23 days $3000- $4000: 62 days $4000- $5000: 61 days $5000- $6000: 8 days $6000- $7000: 13 days $7000- $8000: 14 days $8000- $9000: 9 days $9000-$10000: 2 days $10000-$11000: 1 day $11000-$12000: 6 days $12,000-$13,000: 17 hours $13,000-$14,000: 4 hours As Bitcoin has soared, it appears traders have sold other cyrptocurrencies to chase it as Ether has dropped in sync.. One of the regions in the world with the most active Bitcoin community is South Korea where so many Koreans have embraced bitcoin that the prime minister recently warned that cryptocurrencies might corrupt the nation’s youth. As Bloomberg reports, while neighboring Japan hosts more transactions by some measures, Korea punches far above its weight: In the 24-hour period through Wednesday evening in Seoul, about 21 percent of the world’s bitcoin trades on fee-charging venues involved the Korean won, according to Coinmarketcap.com. The country accounts for about 1.9 percent of the world economy. As Korean policy makers grow increasingly worried that the mania has gone too far, the nation could become a focus for bitcoin traders around the world. Korea’s top financial watchdog, which briefly roiled cryptocurrency markets with its ban on initial coin offerings in September, said this week that it has “grave concerns” about overheated speculation and has formed a task force with other government bodies to increase supervision. Trending Articles Lewis Dartnell: How To Rebuild The World From Scratch If society collapsed overnight, how would we re-create it? Powered By While it’s unclear what measures will emerge from Korea’s cryptocurrency task force, the government seems intent on acting. The tax authority is considering a levy on cryptocurrency trading gains, Yonhap News reported on Tuesday, while Prime Minister Lee Nak-yon warned last month that cryptocurrencies could become gateways to pyramid schemes and other illicit activity if left unchecked. “If we let things continue, I feel some serious pathological phenomena could occur,” Lee said. Bitcoin’s stateless status appeals to some Koreans who’ve grown wary of keeping their savings in a country that shares a border with Kim Jong Un’s increasingly belligerent regime in North Korea, according to Kwak Keumjoo, professor of psychology at Seoul National University. “People want to take comfort in something outside and beyond the country,” Kwak said. Finally, we note that growth continues as Coinbase CEO today noted they currently have 220 customer service reps and will add 400 next year: "it's very difficult to keep up with the user influx." As CoinTelegraph reports, since China, Russia, and a few others cracked down hard on Bitcoin, it has been relatively quiet on the regulations front as Bitcoin has continued to soar unbridled. However, the head scratching on how to regulate continues. The next fear, for Former Fortress Hedge Fund Manager Michael Novogratz, is that Bitcoin’s continued rise and prominence in the mainstream media could reawaken the regulation beast. However, Novogratz still feels that Bitcoin is difficult to regulate and it will be hard for governments to make an impact immediately. Novogratz, who has been outspoken on Bitcoin for some time now, claiming it could be a bubble, but one to profit from has his concerns now. "I've got concerns that if price movements go higher, we're going to get more regulation," Novogratz said. “But I think it's hard to shut down. ... I don't think that's a probability." "One of the big risks out there right now is that prices are moving so fast that regulators are going to get nervous," he added. "I could legitimately see Bitcoin go $13,000, $14,000, $20,000, $25,000 and see somebody balk." Novogratz adds: "We're in a speculative frenzy. Period. Stop. How long can it go? Who knows," Novogratz said. "What's interesting about this is it's global." Another reason that Bitcoin has hit such heights must also be attributed to it finding its identity. Many were scratching their heads as to what Bitcoin is - a currency or an asset - but recent changes have set it straight. "Bitcoin is winning out as digital gold," Novogratz explained. "I don't think it's going to be a currency... Nothing that volatile is going to be a currency."

What Are Retail Investors Buying Right Now?

by Tyler Durden

Dec 6, 2017 10:46 AM

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Submitted by Nicholas Colas of DataTrek Research

Today we want to expand on our recent thoughts on “What are retail investors buying right now?” We showed last week, courtesy of Fidelity Investments data, that mom-and-pops are still adding to positions even on breakouts in US equities. Further, the names at the top of the retail investor league table tend to be single stock Tech names rather than ETFs. Yesterday, for example, Fido’s retail customers were net buyers of NVDA, AMZN, and BABA and those names were the most heavily traded.

One way to assess general interest in any topic is to see what “Autofills” as you start typing into a search engine box. For example, enter “Buy a” into Google, and in NYC the autofills are: "Star", “bitcoin", “car”, “domain”, “dog”.

We assume the first is a holiday gift idea and the second a reflection of the ongoing crypto craze. And “Bitcoin bites dog” does seems to capture the spirit of the age… Autofill works, after all, by using Big Data analysis to guess what you might type next based on how other users in your area completed the same initial text.

To see which specific equities search engine users express the most interesting in purchasing, we typed “Buy stock in” and then noted what Google, Yahoo and Bing came back with in terms of autofills.

For Google “Buy Stock In” the autofills were: Amazon, bitcoin, Apple, Tesla, Weed

For Yahoo!: Marijuana, Amazon, Facebook, Disney, Tesla

For Bing: Amazon, Nike, Wal-Mart, Google, Netflix

Not surprisingly, technology companies dominate popular investment interest; do not, however, slough this off as less-informed retail investors just buying what they know. The point here is that the general population thinks these are the most attractive investment ideas – stocks they want to, or wish they could, own.

This is one (of several) reasons we question the sustainability of any rotation out of the large cap Tech sector in the context of a continued bull market for US stocks generally. Simply put, for many individual investors technology IS the US equity market. And if those stocks do not continue to rise, their enthusiasm for allocating incremental capital to equities may well diminish. Will they trust a US stock market where financials or industrials are the leadership names?

It is hard to imagine “Buy stock in Citibank/JP Morgan/Wells Fargo” ever making it to the top of the autofill charts