Denial Runs Deep From Wall Street To Bitcoin – Ep 43
Jan 15, 2015•33 min
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Episode description
* Dow down 600 points in between Tuesday high and Wednesday low
* Stock market and real estate are pillars of the phony recovery
* Loose government lending standards encouraging mortgage defaults
* Dollar down and gold up on low retail sales numbers
* Fed not likely to sit out a U.S. recession, trading support for Wall Street over the dollar
* The next QE could be bearish for bonds and the dollar
* Demise of the recovery illusion will also hurt stocks
* Bitcoins down on more bad news
* Price does matter as investors seek value
* Irredeemable digital currencies will never be money
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