Bank aren’t the problem — this time
The report described the funding risks in the financial sector as relatively low. The banking system has avoided the conditions that caused the 2008 financial crisis. There is low risk that mispricing for one asset class, such as housing, will spill over into the banking sector and causes a run on the banks from panicked investors.
The Fed is walking a tightrope. Its current policy of maintaining low rates induces corporate borrowing because, after a decade of zero-interest rates, many businesses believe rates will remain low.
Yet this stance could easily lead to asset bubbles — a condition the monetary authority expressly wants to avoid.
Small-cap winners galoreThe big stock market winners share one common attribute: Near the beginning of the ascent of their shares, the companies offer revolutionary products or services, are market leaders in their respective industries, or both. Some big stock market winners that possessed the attributes outlined above are Netflix (NFLX), which we recommended to investors in October 2002; Intuitive Surgical (ISRG), which we bought and recommended in July 2004; Baidu.com (BIDU), which we bought and recommended in August 2006; and MercadoLibre (MELI), which we recommended to investors in October 2010. Get up-to-date small-cap stock picks from David Frazier, editor of Small-Cap Profit Confidential.
Smarter cryptocurrency investmentsThe stock market crash of 2008 was the catalyst for his journey into alternatives. And interestingly, it was the impetus behind the creation of Bitcoin and the blockchain technology behind it. Keene Little wasn’t ready to risk his money yet but he was very curious, so he began charting Bitcoin’s technical patterns. What finally convinced him to dip a toe into digital currencies was seeing that they followed familiar price patterns that could be analyzed and successfully acted on. Now he shares those insights with subscribers to the Crypto Wealth Protocol.