Money – Week Of April 21, 2019

CS updates our site posts through each weekend, and other times as necessary. Please check back frequently for updates on postings.


JPM’s David Kelly Says Equity Rally Can Continue For A While (video, left), CNBC

Markets Will Continue To Tick Higher Unless There Is A Catastrophe (video, right), CNBC

Bitcoin Clings On Above Key Support Amid Signs Of Price Pullback, Omkar Godbole, Coindesk

Greenspan’s Prophetic Pronouncement?: Economy Good Short Term, But Will Fade Due To Europe And Entitlements, CNBC

JP Morgan CEO Dimon: No Recession In Next 2 Years, Machines & Jobs (video, left), Fox Business

Trump Economic Boom Is Unprecedented (video, right), Fox Business

Apple Stock Poised To Do Something It Hasn’t Done In 8 Years, Li/Francolla, CNBC

This Is How Much You Need To Save For Your Retirement Based On Your Age, Lorie Kenisha, CNBC

Editor’s Choice


Biggest Wins For AI Will Be In Health Care: Former Google CEO (video, left), Fox Business

California Does Not Believe In Capitalism Anymore: A Rundown Of New Taxes Coming (video, right), Bill O’Reilly

Which Way US Dollar Breaks Will Have Major Implications, Bryce Coward, Advisor Perspectives

BB&T CEO Kelly King: No Immediate Recession – We Expect People To Seek More Loans (video, left), CNBC

China’s Economy An Incentive For Them To Do A Trade Deal (video, right), Bloomberg

Samsung Has An Amazing New Phone But It Faces Same Problems As IPhone, Todd Haselton, CNBC

Where In The U.S. Are You Most Likely To Be Audited By The IRS? Kiel/Fresques, Projects Propublica

Cryptocurrency Volatility And Gains In 2019

Top 15 Broker-Dealer Firms In 2018, Investopedia

3% Of Retirees Own Some Bitcoin While 33% Have No Idea What It Is, Helen, Partz, Cointelegraph

Nine Reasons Why Disney+ Will Succeed, Matthew Ball, Redef.com

CS Commentary: SVOD = Subscription Video On Demand, or Streaming Video On Demand; OTT = Over The Top, a catch-all for services that provide content direct to the internet.

Cryptocurrency


Bitcoin Price 7/08/2010 To 4/11/2019

Bitcoin Futures And OTC Trades (video, right), Cointelegraph

Cryptocurrency Coming Out Of Bear Market, In Accumulation Phase, Ana Alexandre, Cointelegraph

Trader Who Called Bitcoin’s 84% Decline Now Says $50,000 In Next Two Years, Zach Guzman, Yahoo Finance

Coinbase And Visa Are Making Bitcoin, Ethereum, Ripples, And Litecoin Payments A Reality, Billy Bambrough, Forbes

Bitcoin Futures Exchange Bakkt Hires Former PayPal And Google Exec As Product Chief, Nikhilesh De, Coinbase

What Bitcoin’s Rally Might Mean For 2019, CNBC; Also see, Bitcoin Catching On Fast Outside Of US, Bloomberg Tech

Bitcoin Surge: New Bull Market? (video, left) Cointelegraph

Is Big Bitcoin Resurgence On The Horizon? (video, right) CNBC

Bitcoin Price Surge – Analyzing Why, Cointelegraph

Cryptocurrencies Are Here To Stay, Gerald P. Dwyer, AIER; Also see, Facebook’s Crypto Currency Expected To Add $19 Billion in Revenue, Newsbtc.com

Bitcoin Price 4/10/19 To 4/11/19

You Don’t Understand Bitcoin Because You Think Money Is Real, Maria Bustillos, Medium; Also see, Bitcoin Might Be Crypto-Gold But Ethereum Is Crypto-Silicon, Michael K. Spencer, Medium

Jack Dorsey ‘All-In’ On Bitcoin, Predicts ‘Massive Boon, CNBC; Also see, The History Of Money And The Future Of Cryptocurrency, Brian C. Albrecht, AIER; Also see, How Google Is Quietly Making Blockchains More Searchable, Michael del Castillo, Forbes

Edelman: Bitcoin ETF ‘Virtually Certain’ CNBC; Also see, Finance Expert Ric Edelman: We Will Eventually See A Bitcoin ETF, Ana Alexandre, Cointelegraph

See This Link For Updates & Links On DIG Cryptocurrency

Must-See Videos


Could Bitcoin Still Go To $25K? (video, left), Fox Business

More Wealth Will Be Created In The Next 20 Years Than Ever Before (video, left), Phillip Anderson (2012)

Is The Rollout of 5G & ‘Significantly Higher Speeds’ A Boost For Smartphone Makers?, Fox Business

The Future Of AI: Have Humans Met Their Match? Fox News

Ray Dalio On Lessons From The Great Financial Crisis (video, right), CNBC

s Now A Good Time To Buy Bitcoin? (video, left) Bloomberg Tech

Why Amazon Alexa And Google Assistant Are Becoming Omnipresent, CNBC

How The Real Estate Cycle Works (video, right), Phillip Anderson

Art Laffer: Economic Damage From Shutdown Reversible, Fox Business

Cyber Threats: The U.S. Is More Vulnerable Than Ever (video, left), Judge Jeannine Piro, Fox News Insider

Tech, The Big Picture: Here Are Three Tech Stocks To Buy Right Now, CNBC

The Public Does Not Understand: China Has Been Cheating U.S. For A Long Time, Mornings With Maria, Fox Business;

Is Netflix The Most Powerful Company In Media?, Fox Business

Global Outlook 2019 Manila with Howard Marks (video, left), Bank Of Singapore

CS Commentary: Some great, insightful comments on investing here, especially from a general overall perspective based on where we are in the recovery from 2008 now, well worth the 15 minutes of viewing.

Yield Curve Inversion: Recession Fear vs. Reality (video, right), Bloomberg

Common Sense Interpretation

(Start Here First To Understand The Investment Arena Big Picture)


JPM Guide To The Markets April 2019 (video, left), JPM Asset Management Hong Kong

How Should Investors Position Their Portfolios In This Economic Environment? (video, right, Fox Business

America’s Biggest Economic Challenge May Be Its Demographic Decline, Neil Irwin, NY Times

CS Commentary: Harry Dent may have been one of the first to sound the alarm on this problem as far back as 2008-09, but he largely mis-forecasted when and how the problem would become reality, suggesting that there would be a second major stock market collapse soon after 2008 – this never occurred. Has immigration, central bank manipulation, and globalization solved some of this problem in ways that Dent could not foresee? Perhaps not, but only time will tell.

The Yield Curve Inverted – Here Are 5 Things Investors Need To Know, William Watts, MarketWatch

CS Commentary: Facts to know: The 3 month/10 Year Treasury spread is the most important indicator, though many media pundits will follow the 2 year/10 year. Inversion needs to be sustained for 10 straight days to be an accurate predictor – it was not sustained for more than a few days this time. Recession typically occurs 1 year to 18 months following a sustained inversion – and the stock market can continue to go higher during that period. Though yield curve inversion has preceded the last nine recessions, inversion can occur without a recession following. Also see, The Inverted Yield Curve Is Good News For The Dow Jones And The Economy, IBD

How SIFMA, FSI, FINRA, And The SEC Conspired To Doom The Advisory Profession, Ron A. Rhoades, Advisor Perspectives

CS Commentary: SIFMA stands for The Security Industry Financial Marketing Association. FSI stands for Financial Services Institute. FINRA stands for Financial Industry Regulatory Association, a Congressionally authorized association that regulates broker-dealers. The SEC is the Security Exchange Commission, an “independent federal government agency responsible for protecting investors, maintaining fair and orderly functioning of the securities markets, and facilitating capital formation (Investopedia).

This is the most important article we have published here in sometime, yet, it will be too long and technical for many of our readers. We encourage you to read the introduction and the conclusion. The bottom line here is that the current SEC has, once again, been corrupted by compromise, lobbying and the broker-dealer industry – and the fiduciary landscape may be, once again, about to change. That is, be compromised. At present, investors can rely on the fact that RIA’s (Registered Investment Advisors) are held to a higher Fiduciary standard – this may not be the case much longer if the SEC has its way. For a shorter and simpler explanation of what the fiduciary standard should mean, see the Common Sense Interpretation-Money page and our articles on the Fiduciary Pyramid.

The Difference Between The Economy And The Stock Market (video, right), CNBC

After Two Of The Greatest Bull Markets In History, Why Are Investors So Broke? Lance Roberts, Advisor Perspectives

70% Of Wall Street Believes Trump Will Be Re-Elected, Fox Business

China Militarizing Space: They Are Ahead Of US In Space Race, Fox Business

Primary Inversion Signal: 3 Month/10 Year Treasury Spread Inversion

Inversions Occur Without Recessions/Average Time After Inversion Is 14 Months

Here’s When The Yield Curve Becomes An Actual Danger Signal, William Watts, MarketWatch; Also see, This Time Yield Curve Suggests Market Has Already Peaked, According To Analyst, Chris Matthews, MarketWatch

Is The American Economy Underperforming Or Not? AIER

Why Reported Inflation Is So Low, John H. Morse, Advisor Perspectives

Gundlach: We Are On The Road To A Large Debt Problem, Robert Huebscher, Advisor Perspectives; Also see, Does The US Debt Matter? (as of 7/28/18), CNBC; Also see, What Would Happen If The US Stopped Paying Its Debt?, Infographics; Also see, How To Solve America’s Spending Problem, Prager U

Live 24/7 World Debt Clocks

CS Commentary: This may not be exactly in sync with the US Debt Clock, here but it is close as of 2/14/19.

To See The Money-Common Sense Interpretation Page, Click Here

Resources

To See The Money – Resources Page Click Here

More Common Sense


Books:

The ‘Russia Hoax’ By Gregg Jarrett ‘Nails It’, Reviewed by Jeffrey Lord, The American Spectator

Killing Jesus: A History, Bill O’Reilly

Culture:

Notre Dame Cathedral History And ‘The Hunchback Of Notre Dame,’ (video, left) CBS

Inside The Notre Dame Cathedral After The Fire (video, right), CBC News

Temple Mount Fire Misreported By Media, Breaking Israel News; Also see, Fire Breaks Out In Jerusalem’s Al Aqsa Mosque Same Time As Notre Dame Cathedral In Paris Burns, Tom O’Connor, Newsweek

Gallup Poll Finds Church Membership Plummeting Among Americans, Black Christian News; Also see, ‘No Religion’ Tops Survey Of American’s Religious Beliefs, CNN

27 More Graves Found At Notorious Florida Boys School, John Eligon, NY Times

2 More Fatal Falls At Grand Canyon Follow Dozens Of Others, ABC News

New Study Finds Some Boys Are Having Sex Before Age 13, Serena Gordon, CBS News

Health/Fitness/Relationships:

E. Coli Outbreak Sickens People And Affects 5 States, Says CDC, Angelica LaVito, CNBC; Also see, Dozens Sick In Outbreak, Cause Unknown, Daily News; Also see, Reported Outbreak May Be Due To Ground Beef, Gizmodo

A Mysterious Infection, Spanning the Globe In A Climate Of Secrecy, Richtel/Jacobs, MSN/NY Times; Also see, What You Need To Know About Candida Auris; Also see, Unbeatable Superbug Infection Kills Hundreds Across US, CBS News

The Five Stages Of Grief, Kubler-Ross Model, Christina Gregory, PhD

Movies:

Daniel Craig Wants New Bond Film To Be Funnier, Sam Barsanti, AV Club

Jason Momoa Shaves His Beard, AV Club

How The Avengers: Endgame Screenwriters Crafted A ‘Lean’ 3-Hour Story, Chris Lee, Vulture; Also see, Avengers: Endgame, Official Trailer (video, left)

The Shazam Sequel Is Officially In The Works, Germain Lussier, Gizmodo; Also see, Shazam Is A Good Superhero Movie And A Better Family Drama

Music:

Spirit-Filled Church Responds To Charges Of Openly Gay Worship Leader Who Appeared On American Idol, Taylor Berglund, Charisma; Also see, Openly Gay Worship Leader Performs Lauren Daigle Song On Idol, Charisma

Sports:

Tiger Woods Comes From Behind To Win 5th Master’s Title, Brad Jackson, The Federalist

MLB, The 30: Tampa Bay Rays And Astros Dominate; Braves, Angels In Toughest Divisions, Jonah Keri, The Athletic

How Mathematicians Are Trying To Make NFL Schedules Fairer, ESPN

2019 NFL Draft Primer: Dates, Times, What You Need To Know, NFL

23 Horses Have Died At Santa Anita Race Track Since December, John Cherwa, Los Angeles Times; Also see, Expert Picks For The Kentucky Derby, Saturday May 4, 2019. Also see, 2019 Kentucky Derby Odds, Predictions: Expert Who Has Nailed 9 Derby-Oaks Doubles Releases Early Picks, CBS Sports

Travel:

Jetsetter’s Guide To Scoring A Hotel Upgrade, Jennifer Fernandez, Jetsetter

Why You May Not Want To Fly Boeing’s 737 MAX Again: 1960’s Design, 1990’s Computers, Patchwork Assembly, Nicas/Creswell, NY Times/BD News; Also see, Aviation World Faces Moment Of Reckoning After Boeing 737 Max Crash, CNN

The 21 Safest Airlines In The World, 2019, Benjamin Zhang, Business Insider; Also see, The Most Popular International Flights, Josie Green, 24/7

TV/Streaming:

Leah Remini Explains How Scientology Really Works And Why It Is Not A Religion (video, left), The Late Show With Stephen Colbert, The Late Show

Game Of Thrones Premiere: New Series High, Michael O’Connor, Hollywood Reporter

‘Bosch’ Review: In Season 5, Still TV’s Best-Written Cop Drama, Verne Gay, Newsday

Netflix Adds 10 Million Subscribers, Natalie Jarvey, Hollywood Reporter

Allison Mack Of ‘Smallville’ Pleads Guilty In Case Of Sex Cult Where Women Were Branded, Gold/Moynihan, NY Times; Also see, Allison Mack Of ‘Smallville’ Pleads Guilty, People

Quotes Of The Month:

“The appearance of design [in the Universe] is overwhelming.” – Paul Davies, Theoretical Physicist

“The more we get to know about our universe, the more the hypothesis that there is a Creator gains in credibility as the best explanation for why we are here.” – Dr. John Lennox, Oxford University, Professor Of Mathematics

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