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The Sunday Papers

The Sunday Papers
rockpapershotgun.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rockpapershotgun.com Daily Mail and Mail on Sunday newspapers.

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Bitcoin's rise raises questions about its role in US-China contest


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Even as bitcoin soars in price and enjoys a wider demand as an asset, Australian investors and analysts are divided over its longer-term implications for cryptocurrency on the world.
Sydney-based venture capitalist Mark Carnegie says that although bitcoin is flawed, cryptocurrency points to new possibilities for global finance that Australian policymakers ignore at their peril.
“China understands that this is their weapon to replace the US dollar as the world’s reserve currency,” says Carnegie, of M.H Carnegie & Co. “And Australia is ignoring the whole issue.”
No fan of bitcoin: China’s central bank, the People’s Bank of China. ....

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10 Friday AM Reads - The Big Picture


10 Friday AM Reads
My end of week morning
train WFH reads:
Asset Destruction: “
I am so sorry.” These are the only four words that come to mind. I don’t know what else to say to an investor who’s been sold a load of garbage by a life insurance agent. I can no longer keep quiet as I witness this silent epidemic of bad incentives, high pressure sales tactics, and the destruction of investor’s hard earned money. These expensive life insurance products are asset destruction. (Belle Curve)
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Home Equity Reaches Record Highs: Homeowners Gained Over $1 Trillion in Equity in Q3 2020 U.S. homeowners with mortgages (which account for roughly 63% of all properties) have seen equity increase by 10.8% year over year, representing a collective equity gain of $1 trillion, and an average gain of $17,000 per homeowner, since the third quarter of 2019. This marks the largest average equity gain since the first quarter of 2014. (CoreLogic) ....

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