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“Bitcoin isn’t a new innovation; it’s been around since 2009, and in all that time nobody seems to have found any good legal use for it. It’s not a convenient medium of exchange; it’s not a stable store of value; it’s definitely not a unit of account”
- Paul Krugman tweeting to his 4.6 million internet followers (via Twitter), with bitcoin up 6,000% since 2013
“Technology based on the use of highly polluting fossil fuels needs to be replaced without delay. There is reason to hope that humanity at the dawn of the 21st century will be remembered for having generously shouldered its grave responsibilities,” tweeted Pope Francis, condemning Bitcoin and its heretical offspring, sparking another burst of panic selling.
Former US Treasury Secretary Larry Summers Says Cryptocurrency Is Here to Stay as Digital Gold – Markets and Prices Bitcoin News bitcoin.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bitcoin.com Daily Mail and Mail on Sunday newspapers.
Hedge Fund CIO: Trading Is Truly An Awful Pursuit zerohedge.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zerohedge.com Daily Mail and Mail on Sunday newspapers.
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Hedge Fund CIO: There Are Just Two Ways To Fix Today s Imbalances - An Economic Depression Or Soaring Inflation
by Tyler Durden
As excerpted from the latest letter by Eric Peters, CIO of One River Asset Management
Late and Awkward: “The March 2020 downturn resembled a natural disaster rather than a recession that cleansed imbalances,” said Marcel, our head of research, discussing economic cycles. “This was most evident in the goods sector. The global PMI survey fell from 50.3 in Jan 2020 to 39.6 in April, then fully recovered by July. It is equally evident in the finer details of today’s global good sector.