Opinion: Snap out of it already! Cryptocurrencies like bitcoin are not hedges against inflation

Opinion: Snap out of it already!  Cryptocurrencies like bitcoin are not hedges against inflation

Pity the fools who still believe that bitcoin and other cryptocurrencies will prove to be trusty hedges against inflation. Sadly, those people are still out there, clinging to vain hope, despite all evidence to the contrary. Various digital currencies have been spiraling downward as inflation rates in many countries hit highs not seen in decades. … Read more

Why the Dow finally bounced — and what it will take to prove it’s for real

Why the Dow finally bounced — and what it will take to prove it’s for real

A little pre-summer cheer finally filtered its way into the stock market the week before Memorial Day, but it will likely take more than the Dow Jones Industrial Average’s first winning week since late March to convince rattled investors that the pain is in the past. What happened? Real, or inflation-adjusted, interest rates fell over … Read more

Is A Recession Coming In The US? Here’s What Experts Say.

Is A Recession Coming In The US?  Here’s What Experts Say.

Americans are increasingly concerned about the possibility of a recession. Earlier this month, the Federal Reserve began raising interest rates to slow inflation pressures. During the first quarter of 2022, while consumers and businesses kept spending, US gross domestic product fell by 1.5%, the first drop since the second quarter of 2020, according to The … Read more

Worry about stagflation, a flashback to the ’70s, begins to grow

Worry about stagflation, a flashback to the ’70s, begins to grow

WASHINGTON (AP) — Stagflation. It was the dreaded “S word” of the 1970s. For Americans of a certain age, it conjures memories of painfully long lines at gas stations, shuttered factories and President Gerald Ford’s much-ridiculed “Whip Inflation Now” buttons. Stagflation is the bitterest of economic pills: High inflation mixes with a weak job market … Read more

Americans keep spending despite record inflation squeeze

Americans keep spending despite record inflation squeeze

Despite high inflation, rising gas prices, deepening concern about the economy and rising recession risks, Americans keep spending money. Stocks have fallen sharply over the past week as Wall Street frets over a likely dip in consumer spending. Polls of consumer sentiment have fallen steadily — along with President Biden’s approval rating on the economy … Read more

Analysts name technology stocks to buy after the sell-off

Analysts name technology stocks to buy after the sell-off

Three analysts share their outlook for tech, with one saying it’s ready for a hard rally, and another naming some “very interesting” stocks in the sector. Chris Watling, chief executive of Longview Economics, said the stock market as whole is “ready to rally.” “We just need a whiff of good news from somewhere to sort … Read more

Consumers defy inflation to support economy. For how long?

Consumers defy inflation to support economy.  For how long?

WASHINGTON (AP) — With prices across the economy — from food, gas and rent to cars, airfares and hotel rooms — soaring at their fastest pace in decades, you might think Americans would tap the brakes on spending. Not so far. Consumers as a whole are showing surprising resilience, not only sustaining their spending but … Read more

Reality bites traders, memers and crypt-iots

Reality bites traders, memers and crypt-iots

Melvin Capital is maybe the first — but certainly won’t be the last — hedge fund hammered out of business as markets wean themselves off the heroin of cheap money that has propelled stocks and just about everything else for the past two-plus years. Hedge-fund investors, even those who run train wrecks like Melvin, do … Read more

Stock market claws back from edge of first bear market since 2020

Stock market claws back from edge of first bear market since 2020

NEW YORK (AP) — Wall Street rumbled to the edge of a bear market Friday after another drop for stocks briefly felt the S&P 500 more than 20% below its peak set early this year. The S&P 500 index, which sits at the heart of most workers’ 401(k) accounts, was down as much as 2.3% … Read more

If You Expected Bitcoin to Beat Gold As An Inflation Hedge, You Understand Neither Gold nor Inflation

If You Expected Bitcoin to Beat Gold As An Inflation Hedge, You Understand Neither Gold nor Inflation

The market speculation that is Bitcoin has risen to prominence for a variety of reasons, but it’s not unreasonable to say that the dollar, euro, yen, pound, yuan (or name your county’s currency) has served as the cryptocurrency’s greatest publicists. Owing to rising skepticism about government-issued “fiat” money, Bitcoin has had much more than its … Read more