The sell-off on Black Friday had all business media claiming it was a result of the new COVD19 variant "Omicron" found in Africa; this is absolutely not the case for the crypto and stock sell-off. In reality, the "retail investor" is what is keeping this market a float (not to mention the amount of currency … Continue reading Ghost’s Financial Market Report – Black Friday Sell Off
In this episode we discuss pending factors weighing on the stock and crypto markets. Joe Biden and his desperate attempt at passing and infrastructure bill. Disgraced former New York governor Andrew Cuomo charged with sex crimes. The Kyle Rittenhouse self defense case and the pending riots on the court's outcome. The very close Virginia Governor's … Continue reading True Capitalist Radio Episode #564 – “Disorder Everywhere”
The markets are currently reacting to the pending default of a Chinese real estate juggernaut called Evergrande. This company owes global creditors $300 billion is outstanding debt, and is supposed to make a $83.5 million interest payment on Sept. 23 on its March 2-22 bonds and a $42.5 million payment on Sept. 29 on its … Continue reading Ghost’s Financial Market Report – Evergrande, China & The Debt Ceiling
The prognosticator of prognosticators strikes again! Last week's Federal Reserve announcement of pushing back interest rate hikes from 2024 to 2023 has instantly put assets in freefall into the negative. The FED's actions brought instant gains into the U.S. dollar to a 2 month high. Prices of commodities also took at hit with this announcement. … Continue reading Ghost’s Financial Market Report – 1
It's become so predictable! Any bad news or slight sign of negativity, crypto investors run away like a wide-eyed "spectrum brat" scolded for their Autism. This is an unfortunate side-effect of a new form of economics birthed via technology. Nerds, dorks and socially warped neck beards comprise the majority of the cryptocurrency markets, bringing emotionally … Continue reading The Majority Of Crypto Investors Are Pussies!