Money – Week Of December 9, 2018

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The Fed Won’t Consistently Raise Rates In 2019: Ray Dalio (video, left), Maria Bartiromo’s Wall Street, Fox Business

The Fed Will Or Won’t Cause The Markets To Collapse: Peter Schiff vs. TD Ameritrade (video, right)

The Dow Drop: Nothing Can Save This Market Right Now (video, left), CNBC

Tony Robbins: The #1 Lesson I Learned From Warren Buffett And Ray Dalio Is Particularly Relevant Right Now, Kathleen Elkins, CNBC

Why Did The Market Suffer Its Deepest Plunge Since October on Tuesday? Here’s An Interesting Theory, Mark DeCambre, Marketwatch

Bitcoin Falls To Fresh Yearly Lows After Wild Swings – Here’s Why, Billy Bambrough, Forbes

Don’t Hold Your Breath Waiting For Bitcoin ETF Says SEC ‘Crypto Mom’, Ana Berman, Cointelegraph

How Much Income Puts You In The Top 1% 5%, 10%? Julia Kagan, Investopedia

Editor’s Choice


The Top 5 Reasons For The Current Market Correction, Updated, Seaborn Hall, Common Sense

CS Commentary: With the market correction again this week, this article continues to be relevant.

Update On DIG, 12/07/18, Seaborn Hall, Common Sense

No Recession For The Next 2 Years? (video, left) Fox Business

Is Amazon The #1 Tech Stock Pick? (video, right) Fox Business

A Day In The Life of The Fed’s FOMC, Philadelphia Federal Reserve

The Storm Clouds Are Gathering In Europe (video, left), Varney & Co, Fox Business

9 Bitcoin Price Predictions For 2019, Jelmer Van Der Düsseldorf, Chepicap

CS Commentary: Our price forecast for Bitcoin is not as optimistic as most of these. Though there are several interesting developments on schedule for 2019, the key development to push up the Bitcoin price is the SEC approval of a Bitcoin ETF. This may or may not happen in 2019. If it does, we believe Ronnie Moas’ forecast of $28,000 sometime in 2019 to be reasonable. Note, ‘sometime in 2019’ – this does not mean the price will stay there or 2019 will close at that price. However, if and when an ETF is approved we should see an upward shift in the Bitcoin price level and a new crypto market with new lows and new highs. Until then, we believe that Bitcoin could possibly close out 2018 in the $4500-$5000 range, largely based on rumors and optimism. Around March to April 2019 seems the earliest that the market could change – but we will not be surprised to have to wait most of 2019 for it to happen.

Why Cryptocurrencies Keep Crashing (video, right), CNBC

The Trade Of The Decade: Buy Bitcoin, Katina Stefanova, Forbes

Quote: “If you have something that can potentially [return] 50x, you must have 98% conviction that it’s not going to happen for you to not put money in.” CS Commentary: This article is a must-read. We gave similar advice in our article, ‘Are Cryptocurrencies The Best Investment of The Next Decade? Part 2’ in 2017.

Cryptocurrency


Bitcoin Price (solid red line) and transaction count (shaded red area) during the 2014–16 bear market. Even when price fell, transactions rose.

Bitcoin Faces 2nd Largest Difficulty Drop In History After Latest Market Adjustment, Ana Berman, Cointelegraph

Bitcoin Will ‘Surpass’ All Time Price Highs By End Of 2019 Says Japanese CEO, Marie Huillet, Cointelegraph

Bitwise CEO Sees Reasons To Be Optimistic About Crypto (video, right), Bloomberg

Van Ecks, SolidX Make Solid Case For Bitcoin ETF In Latest Meeting With SEC, Marie Huillet, Cointelegraph; Also see, SEC’s Clayton Needs To See Key Upgrades Before Approving A Bitcoin ETF, Kate Rooney, CNBC

Major Crypto Exchange Binance Launches Sub Accounts For Institutional Clients, Marie Huillet, Cointelegraph; Also see, Major Swiss Exchange Lists The World’s First Crypto ETP Amidst Market Collapse, Helen Partz, Cointelegraph

FBI Arrests ‘Crypto Bank’ CEO Who Embezzled ICO Funds, CCN

Morgan Creek Bets $1 Million Its Cryptocurrency Index Fund Will Beat The S&P 500, Michael Thrasher, Wealth Management

Robinhood Signs Former Amazon Chief Of Staff As CFO, Samuel Steinberger, Wealth Management

What Is Fidelity Digital Assets? Michael K. Spencer, Medium; Also see, Major Swiss Exchange Lists The World’s First Crypto ETP Amidst Market Collapse, Helen Partz, Cointelegraph; Also see, SEC’s Clayton Needs To See Key Upgrades Before Approving A Bitcoin ETF, Kate Rooney, CNBC

NASDAQ’s Bitcoin Futures Could Launch 1st Q 2019, William Suberg, Cointelegraph

Quoine CEO Sees Cryptocurrencies Surpassing All-Time High By End of Next Year (video, right), Bloomberg

NYSE Chair Says Survival Of Digital Currencies Is Certain, Ana Alexandre, Cointelegraph

Don’t Overestimate Bakkt’s Impact On The Cryptocurrency Market, Joseph Young, Yahoo Finance; Also see, JP Morgan Sees 3 Long Term Stock Winners From Blockchain, CNBC

BitVoltMining Chart: Bitcoin Historical Corrections

DIG/Arbitrade: Not All That Glitters Is Gold – Is DIG A Well Orchestrated Scam? Ken Griffith, The Royal Gazette

CS Commentary: We suggest that the comments at the end of the article also be read. The author raises some interesting points, but it is not clear whether…To continue reading see this link…

DIG Crypto Update, 11/11/18, Seaborn Hall, Common Sense; Also see updates and analysis that follows; Current DIG Crypto Update, 10/12/18, Seaborn Hall; Also see, 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


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

CS Commentary: The big news here is that Dr. Drew goes to the same hair stylist that I do.

How The U.S. Is Countering China’s Global ‘Silk Road’ Push (video, right), WSJ

Supersonic Air Travel Is Finally Coming Back (video, right below),Verge Science, You Tube

Hottest Toys For 2018 Christmas Season (video, right), Mornings With Maria, Fox Business

United CIO – Mid-Terms Won’t Have Long Term Impact, CNBC

Ronnie Moas Maintains $28,000 Bitcoin Forecast For End Of 2019 In A Debate With Vinny Langham Over Future Of Crypto, You Tube/Bad Crypto Podcast

Ray Dalio Says World Counting On Stock Market Going Up – That Means Trouble In A Bear Market (video, right), CNBC

Is Facebook A Buy At These Levels? (video, left) Mornings With Maria, Fox Business

The Stock Market Lost Nearly $2 Trillion In October. Here’s What Happened, MIchael Sheetz, CNBC, See Video, here (or to right)

Common Sense Interpretation

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


Jeremy Siegel: The Market Is Cheap On A Long Term Basis, Robert Huebscher, Advisor Perspectives

Are We Headed For Recession? Big Four Economic Indicators, Jill Mislinski, Advisor Perspectives

A Long Term Look At Inflation, Jill Mislinski, Advisor Perspectives

How The Real Estate Cycle Works , Phillip Anderson, You Tube

CS Commentary: In 2012 Phillip J. Anderson predicts exactly where the US stock markets and real estate markets will be today. Also see, Phillip J. Anderson’s Explanation Of The Real Estate Clock, portphillippublishing.com

Why 2019 Could Be A Tough Year For Home Buyers And Sellers, Jade Scipioni, Fox Business

Good Chance Of Recession By 2020 (video, left), Fox Business

Why The Market Blow Up? Varney & Co, Fox Business

Why Did The Crypto Meltdown Occur? CNBC; CS Commentary: A good overview of the current state of the crypto markets.

How To Avoid A Shark Attack, Charles Schwab Global Outlook, Jeffrey Kleintop

What Is 5G?, CNBC; Also see, A Look At 5G And How It Will Change Our Lives, CBC News

Why Investors Should Stick With ‘Buy And Hold,’ Barry Ritholtz, Wealth Management/Bloomberg

Here’s How Blockchain Will Impact Your Life In 10 Years, Darla Mercado, CNBC

Salary Required For Median Priced Homes In Major Cities

The Three Largest Cryptocurrencies By Market Share, Jill Mislinkski, Advisor Perspectives

The Real Estate Clock Has Proved Accurate Over 200 Years Except For World Wars

How To Make A Horrible Boss Your Ally – A Navy Seal Explains, Zameena Mejia, CNBC

How To Trade Foreign Stocks, Prableen Bajpai, Investopedia

Why There Will Be A Recession In 2020, Guggenheim Investments, Advisor Perspectives

Reason For Stock Market Volatility And What To Do Now; Future Of Bitcoin, Fox Business

CS Commentary: Great example of how political leanings affect your market views – he believes Dems win House in November, therefore he believes markets have topped.

Larry Kudlow: Stock Market Corrections Come And Go (video, left), Varney & Co, Fox Business

What To Expect From Economy In The Next Year, Mornings With Maria, Fox Business

What Is GDP? CNBC

Here’s Why The DOW Will Hit 40,000 By 2025, David S. Gilreath, CNBC

Should You Be Out Of The Market? No, Mornings With Maria, Fox Business

10 Investor Takeaways From The 2018 IMF/World Bank Meetings, Lupin Rahman, PIMCO, Advisor Perspectives

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

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

Our Favorite Chart: As Long As 10 Yr Yield Under 5% Stock Market Up 90% Of Time

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

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

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 above).

Continued At This Link

Cryptocurrency Resources

Top Crypto Exchanges 2018

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; Also see, 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

To See The Money – Resources Page Click Here

More Common Sense


Books:

The Gifts Of Imperfection, Dr. Brene Brown

Culture:

Supermoon And Total Lunar Eclipse Blood Moon To Coincide In Rare Celestial Event, Hannah Osborne, Newsweek

11 Signs That You May Be Dating A Sociopath, Macrina Cooper-White, Huffington Post; Also see, How To Spot A Sociopath-13 Horrifying Symptoms, Prevention

How To *Really* Know You’re In Love, Kris Gage, Medium

Why Are Young People Having So Little Sex? Kate Julian, The Atlantic

What Explains America’s Mysterious Baby Bust? The Economist

Health/Fitness:

Even A Little Weight Training May Reduce Risk Of Heart Attack & Stroke, Gretchen Reynolds, NY Times

Suicide Rate Up 33% In 20 Years, Godlasky/Dastagir, USA Today; Also see, Recognizing Suicide’s Warning Signs Could Save Lives, Christine Vestal, PewTrusts.org; Also see, Suicide: Risk Factors & Warning Signs, American Foundation For Suicide Prevention; Also see, The Best Way To Save People From Suicide, Jason Cherkis, Huffington Post; Also see, International Resources For Suicide Prevention Or Help In Asia;; Also see, International Suicide Prevention Help; For the National Prevention Suicide Crisis Line In The U.S., see here

Movies:

The Actor Roundtable: What You’ve Done Before Doesn’t Count, Stephen Galloway, Hollywood Reporter

Inside The Real Story As Told By The Son: Green Book, Movieguide

Green Book, Official Trailer,You Tube

CS Commentary: This film should be nominated for various Oscars, including Best Picture, Best Actor (twice), and Best Screenplay, and Best Supporting Actress, among others. Also see, Film Review: Green Book, Movieguide

Instant Family, Official Trailer, You Tube

CS Commentary: Heartwarming and hilarious, more laughs than any movie since The Hangover and Meet The Parents. A must-see, and though will probably not get nominated for any Oscars look for it at The Golden Globes. Also see, Film Review: Instant Family, Movieguide; Also see, ‘Instant Family’ Shines A Spotlight On Everyday Foster Care Heroes, Josh Shepherd, The Federalist

Film Review: Creed 2, Learning To Be A Better Man, Movieguide

Music:

Adam Levine Throws DeVondre Under The Bus For Reagan Strange On ‘The Voice’, ET Canada

Break Every Chain, Kymberli Joye, The Voice, You Tube

Sports:

Georgia Tech Names Temple’s Geoff Collins Head Football Coach, Mark Schlabach, ESPN

NFL Insider: Falcons, Panthers Could Join Packers And May Make Coaching Change Soon, Jason La Canfora, CBS Sports

Betting Odds Have Packers Former Coach Landing At Falcons, Matthew Chambers, Falcoholic

Colin Cowherd Looks Into Incredible Consistency Of The Patriots, Fox Sports

Travel:

One Thing You Should Never Do With Your Boarding Pass, Smarter Travel

9 Ways To Sleep Better On Overnight Flights, Christine Sarkis, Smarter Travel

How One Couple’s Mexican Vacation Turned Into A Nightmare (video, left), Megyn Kelly, NBC

TV:

Ricky Gervais On Whether He Would Host The Golden Globes Again (video, right), Good Morning America

7 New Netflix Shows To Binge In December And The Best Reasons To Watch, Ben Travers, IndieWire

The Best TV Shows Of 2018, Herman/Ryan, The Ringer

CS Commentary: We don’t agree with this liberal, esoteric list, but it is the opinion of at least two writers.

‘The Last Kingdom’ Scores Big + The Other Top 10 Streaming Shows, Corey Smith, Winter Is Coming

Ricky Gervais Mono Open Golden Globes 2010, 2011, 2012 (video, left), You Tube

Ricky Gervais On Hosting The Oscars In The Future – It Will Never Happen, AceShowBiz

CS Commentary: We can always hope for the Golden Globes. Also see, Ricky Gervais At The 2016 Golden Globes

Quotes Of The Month:

“Unless God has raised you up for this very thing, you will be worn out by the opposition of men and devils. But if God be for you, who can be against you? Are all of them stronger than God? Oh, be not weary of well-doing! Go on, in the name of God and in the power of His might, till even American slavery shall vanish away before it.” ~ John Wesley, on his deathbed, writing to William Wilberforce, ultimately responsible for changing Britain’s slave laws

“He is no fool who gives what he cannot keep to gain that which he cannot lose.” – Jim Elliot, one of five Christian missionaries martyred in Ecuador in 1956

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