Money – Week Of October 14, 2018

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


Why The Stock Market Sell-Off? (video, left) CNBC

Should You Be Out Of The Market? No (video, right), Mornings With Maria, Fox Business

Stock Market Up 6 Months Straight And Should Keep Going If History Is A Guide, Fred Imbert, CNBC

Is Trump Right About The Fed? Mornings With Maria, Fox Business

Forbes Magazine Moves Towards The Blockchain, Nikhilesh De, Coindesk

JPMorgan Invests in ZCash, Five Reasons To Do The Same, Ripple News

Also see, JPMorgan Headed Deeper Into Crypto, Lucinda Shen, Fortune; Also see, Why America’s Biggest Bank Digs Anonymous Cryptocurrency, Mike Orcutt, MIT Tech; Also see, Why ZCash Is Set To Shine In 2018, Medium

CS Commentary: Many of the above articles are from 2017 or early 2018. Current ZCash price is around $138, down from a high of close to $900 in January 2018. 2018 has been a tough year for all cryptos, similar to the period from 2014-2016. See more here.

 

Editor’s Choice


Why It Is Right For The Fed To Raise Rates And How China Is Behind Recent Market Sell-Off (video, left), CNBC

CNBC Pundit Says Bitcoin About To Explode, Cites Pending ETF Decisions, Helen Partz, Cointelegraph

Ronnie Moas Talks Bitcoin When It Was At Top Of Market (video, right), Crypto Lapse

CS Commentary: We never heard Ronnie predict $100,000 Bitcoin in 2018 as the title of this video suggests. Listen closely – it’s a good summary of why Bitcoin has potential over the next five years. The weakness of Moas’s view is that, as the counter argument suggests, Bitcoin is not tied to anything substantial. It is a representation of blockchain and DLT. Whether it will remain the investor’s choice of that representation is a speculative bet.

Gold Stocks: Most Discounted Level In 20 Years

Enron Scandal 2001-02: Lessons From The Fall Of A Wall Street Darling, Troy Segal, Investopedia

Philippines Inflation Rate Doubles In 2018 – But Still Under 60 Year Average, Trading Economics

Gold’s Bottom Could Be Investor’s Lost Treasure, Frank Holmes, Advisor Perspectives; Also see, These 3 Conditions Imply Stocks Fall 40% In Next Bear Market, CNBC; Also see, The End Of Hyperinflation? Scott A. Burns, AIER

Batteries Make The World Go Round, Geopolitical Futures; Or see, this link; Also see, New Battery Tech Investment Opportunities, Adam Hayes, Investopedia

 

Cryptocurrency


Is The Bitcoin Price About To Start Rising Again?

Cryptocurrency Industry Showing Healthy Signs Of Consolidation, Forbes Confidential

3 Bitcoin Price Factors Suggest Bears Are In Charge, Omkar Godbole, Coindesk

Cryptoconfidential: Weekly Update, Forbes

MasterCard On Forefront Of Blockchain Patents, Nikhilesh De, Coindesk

Research Says Crypto Market On Verge Of Implosion, Ana Alexandre, Cointelegraph

Coinbase U.S. Dollar Volume Hits One Year Low, Ana Alexandre, Cointelegraph

Bitcoin Update: Where Are We Now? The Economist/Medium; Also see, JP Morgan’s Focus On Blockchain Is Part Of Digital Transformation Roadmap, Marie Huillet, Cointelegraph; Also see, Blockchain In Agriculture And Food Supply To Be Worth $430 Million, William Suberg, Cointelegraph; Also see, World’s Fifth Largest Airline Explores Blockchain To Cut Costs, Ana Berman, Cointelegraph; Also see, Bitcoin Price Must Clear $6800 For Breakout, Omkar Godbole, Coindesk

A Reminder: If You Had Purchased $100 Of Bitcoin In 2011 Here Is What Its Worth Now, Damian Davila, Investopedia

Current DIG Crypto Update, 10/12/18, Seaborn Hall

Recent CS Update On DIG Cryptocurrency 9/30/18, Seaborn Hall; Also see, CS Commentary and CS Update on DIG, 7/12/18: There are some worrisome comments here, particularly…See this link for more. Also see, Bermuda Government To Introduce New Regulations On ICO’s And Crypto Firms, Helen Partz, Cointelegraph; Also see, How To Purchase DIG or Any Other Cryptocurrency

 

Short videos


What To Expect From Economy In The Next Year (video, right), Mornings With Maria, Fox Business

Trump Administration Gets Tougher On China (video at left), Mornings With Maria, Fox Business

Jim Kramer On Market Sell-Off: I Miss Fed Chair Janet Yellen, Powell Is Using A ‘Sledgehammer’, CNBC

Peter Navarro: Trump’s Tough Approach On Trade Is Working, Lou Dobbs, Fox Business

Chinese Hack Over 30 Companies (video below right), Fox Business

How The Chinese View Trump In Midst Of Trade War (video, below, left), Fox Business

Former CEO Jeffrey Immelt Destroyed General Electric, Fox Business

What Interest Rate Hikes Mean For Economy, Mornings With Maria, Fox Business

Amazon 4 Star Store Opens, CNBC

 

Common Sense Interpretation

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


Will The U.S. Economy Continue To Improve? (video left) The Intelligence Report, Trish Reagan, Fox Business

What Is FinTech? (video right) CNBC

Fed Raises Interest Rates Signals One More Increase This Year, Nick Timiraos, WSJ

How To Know Who To Trust With Your Money: The Fiduciary Pyramid, Seaborn Hall, Advisor Perspectives

How to Know Who To Trust With Your Money II: A Visual Illustration of Fiduciary, Seaborn Hall, Advisor Perspectives

What Is Blockchain? (video right) CNBC

The Bernie Madoff Fraud: Five Lessons For Investors From The ‘Wizard Of Lies,’ Seaborn Hall, Advisor Perspectives

Evaluating The Arguments For The Dollar’s Demise, Seaborn Hall, Advisor Perspectives

How Likely Is Hyperinflation In the U.S.?, Part Two, Seaborn Hall, Advisor Perspectives

Are Cryptocurrencies The Best Investment Opportunity Of The Next Decade? Part II, Seaborn Hall, Advisor Perspectives

The Dark Underbelly Of Cryptocurrency Markets, Nic Carter, Medium; Also see, Irrational Exuberance Revisited: Is Crypto The New Dot-Com Bubble? Krill Bryanov, Cointelegraph

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

 

Resources

Investment Resources

Top Independent Financial Advisors 2018, Barron’s

2017 Ranking Of RIA’s By Total Assets, Financial Advisor

CS Commentary: A RIA is a Registered Investment Advisor, generally considered to be at or close to the top of the Fiduciary Pyramid in the investment area. For more, see Common Sense Interpretation, above.

10 Fastest Growing RIA Firms, Wealth Management; Also see, RIA Survey And Ranking 2017, FA

CS Commentary: For an explanation of and the importance of Registered Investment Advisors (RIA), see the ‘Fiduciary’ articles in the Common Sense Interpretation section below.

The Biggest And Best Wealth Management Firms, Investopedia/WSJ

CS Commentary: What’s wrong with this list? Notice they are almost all big banks. Most of the big banks charge ‘hidden’ fees that they don’t tell you about and they also charge larger annual management fees. Independent RIA firms charge an average of about 1-1.25% in management fees, plus, in many cases lower ‘hidden’ fees that they fully disclose. (For an explanation of and the importance of Registered Investment Advisors, or RIA, see Common Sense Interpretation section on this page below).

Why is the WSJ bias towards the larger banks? Very few smaller, independent fee only RIAs – of which there are hundreds of top ones – are featured on this list. At the very least this raises a serious question about the criteria used in this study and ranking; at the most, it raises questions about the objectivity and possible bias of the WSJ. Several rankings around the globe seem much more reliable than these WSJ rankings, among them, Financial Times annual Top 300 global RIA’s ranking and the annual Forbes RIA ranking.

JD Power 2018 Bank Satisfaction Survey, JD Power

Cryptocurrency Resources

Top Crypto Exchanges By Market Cap: Cryptocurrency Exchanges/Market List, cryptocoincharts; Also see, The Best Crypto Exchanges, May 2018, Cryptoclarified; Also see, The 10 Commandments Of Crypto Security, Panama Crypto, Medium

Understanding The Retail Bitcoin Exchange Coinbase And Its Professional Trading Sister, GDAX, Jack Tatar, The Balance; Also see, Coinbase Vs. GDAX, The Merkle; Also see, GDAX Vs. Coinbase Comparison, Coin Central

Coinbase Review: Safe Way To Buy Cryptocurrency? Coin Central

Kraken Exchange Review, Coin Central; Kraken vs. Bittrex Exchange Comparison, Coin Central; What Is Kraken? Shobhit Seth, Investopedia

Understanding Cryptocurrency ETF’s, Nathan Reiff, Investopedia; Also see, Bitcoin ETF’s Explained, Nathan Reiff, Investopedia; Also see, Top Artificial Intelligence ETF’s, etfdb.com

The Five Most Private Cryptocurrencies, Shobhit Seth, Investopedia

A Brief History Of Bitcoin Bear Markets, Yannos/Ndinga, Medium

How To Secure Yourself Against Bitcoin Theft In 10 Minutes, SFOX, Medium

The Top 10 Cryptocurrency Blogs & Websites You Should Follow, Cryptoclarified

The History Of Bitcoin In One Chart, Kevin Werbach, Medium

Cryptocurrency 101, Ben Yu, Medium

CS Commentary: A good article for the basics on crypto relative to money, in general, but some warnings…See this link for more.

Cryptocurrency Regulation Update June 2018, Phil Glazer, Medium

The Crypto Stable Coins That You Need To Know About, Reece Barclay, Medium

State of Cryptocurrencies Summer 2018, Adam Taché, Medium

CS Commentary: An interesting survey of known and little known coins, but highly technical and of more use to self-described crypto-geeks than the average investor.

 

More Common Sense


Books:

Sword & Scimitar, Raymond Ibrahim

CS Commentary: Probably one of the most fascinating and important books on the history of Islam related to the ignorance of Western society ever written. Researched and resourced from primary Arabic and Greek sources. A must read.

The Sociopath Next Door, Martha Stout

CS Commentary: A great book for the environment of politics, because this is where a lot of the 4 out of 100 people who are psychopaths/sociopaths end up.

Culture:

Melania Trump Interview: Response To Infidelity Accusations (video, left), ABC

Most Gruesome Murder In Los Angeles – Ever, Part 1, Crime Watch, You Tube; Also see, Most Gruesome Murder In Los Angeles – Ever, Part 2, Crime Watch, You Tube

Famous Trials: The Trial Of O.J. Simpson – How OJ Got Away With Murder, Douglas O. Linder

Top 10 Best Sedans For 2019, Autobytel

Health/Fitness:

BPA Toxic Effects & Symptoms: How BPA Destroys Your Body, Dr. Axe

There Is No Vulnerability Without Trust (video right), Dr. Brene Brown, Oprah Winfrey Network

The Lesson Brene Brown’s Daughter Learned About Trust: The Marble Jar Metaphor, You Tube

Downtown LA Hit With Outbreak Of Flea Borne Typhus, CBS Local

Movies:

Three Solid Movies On The 2008 Financial Crisis, Jeffery A. Tucker, AIER

Ryan Gosling Sleepwalks At Neil Armstrong In ‘First Man,’ James Dawson, The Federalist

What ‘Gosnell’ Media Censors Don’t Want You To See Is A True Crime Drama About Abortion, Holly Scheer, The Federalist

Music:

The Beatles’ Paul McCartney: Human and Still Having Fun, 60 Minutes Excerpt

The Beatles’ Paul McCartney: Story Behind ‘Michelle’, 60 Minutes/You Tube

The Beatles’ Paul McCartney: Lennon Only Paid Me A Compliment Once, You Tube

Sports:

Major League Baseball Playoffs Updates, mlb.com

Travel:

8 Days, 7 Nights, One Carry-On, Jetsetter; Also see, Jetsetter’s Guide To Getting A Hotel Room Upgrade, Jetsetter; Also see, 9 Smart Ways To Make Travel Less Stressful, Jetsetter

Jetsetter’s Guide To Tipping, Jetsetter

Pilot Prompted To Take Off Early, Seconds Before Earthquake Strikes Runway, God Reports

TV:

‘Manifest’ TV Review, Daniel Fienberg, Hollywood Reporter

Quotes Of The Month:

“We are masters of our actions from the beginning up to the very end. But, in the case of our habits, we are only masters of their commencement–each particular little increase being as imperceptible as in the case of bodily infirmities. But yet our habits are voluntary, in that it was once in our power to adopt or not to adopt such or such a course of conduct.” – Aristotle

“Without virtue it is difficult to bear gracefully the honors of fortune.” – Aristotle

 

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