The University of New South Wales’ consumer loyalty research effort will pay students in ether for making purchases at on-campus retailers.The post An Australian University Is Giving Out Ether to Students appeared first on bitcoinmining.shop.
Day one of Swift’s annual Sibos conference found the interbank messaging platform under pressure from the rising tide of cryptocurrencies.
The post Sibos Highlights Swift’s Complicated Relationship With Blockchain appeared first on bitcoinmining.shop.
A former employee is engaged in a tit-for-tat battle with mining giant Bitmain over the alleged misuse of intellectual property.
The post Former Bitmain Chip Designer Seeks to Revoke Mining Giant’s Patent appeared first on bitcoinmining.shop.
An Ethereum hard fork wouldn’t be complete without a protest movement or two. But what do the latest rebels wantThe post The New Classic Protesters Are Already Plotting Alternative Ethereums appeared first on bitcoinmining.shop.
Standard Chartered is partnering with fintech startup EquiChain to assist its blockchain pilot focused on bringing efficiencies to capital markets.
The post Standard Chartered Joins EquiChain’s Capital Markets Blockchain Pilot appeared first on bitcoinmining.shop.
Bitcoin cash saw a big boost today, spurred like many recent rallies by strong volumes from South Korea’s local exchanges.The post Pump or Progress Bitcoin Cash Nears $400 on Korea Trading Surge appeared first on bitcoinmining.shop.
An upstart financial conference yesterday saw discussion of digital assets though so-called unregulated cryptocurrencies were the butt of barbs.
The post Downplaying ‘Digital Assets’ Blockchain Reigns at Ripple’s Swell Event appeared first on bitcoinmining.shop.
Question: What is a bubble?
Answer: A bubble is trade in an asset at a price range that strongly exceeds the asset’s intrinsic value. Or it could also be described as a situation in which asset prices appear to be based on implausible or inconsistent views about the future.
Question: How do you know when you are in a bubble?
Answer: Gauge asset prices against a standard, foundational premise to determine if the price appreciation is warranted.
Lucky for us, the Federal Reserve provides exactly what is needed to show how unjustifiable current prices are against households disposable income. The chart below is all US household’s net worth (current value of all real estate, stocks, bonds, etc.) as a percentage of their disposable personal income (disposable income is what they have left to spend or save after paying their taxes). To round out the picture, I’ve added in the net growth in full time workers during each period, dramatically decelerating.
Since 1970, every time asset values have risen above 520% of households disposable income (the dashed line in the chart) then the US has been in a bubble and a subsequent crash has followed.
This has simply meant asset values growing much faster than households income or households capability to sustain those price increases. The depth of each crash has been relative to the overshoot of asset values on the upside.
I hear much discussion that the millennials are the largest age group in US history and are expected to drive growth in demand. However, most people fail to understand what this truly means.
The millennials are just marginally larger than the boomers but what this truly means is zero growth. The millennials are just meeting the previous high water mark the boomers set. When the boomers came through, they nearly doubled the previous high water mark.
The chart below shows annual population change of the 25 to 54year old US population vs. the HHNW as a percentage of disposable income. They are essentially mirror inverse images of one another.
If we broaden out to view the annual change of the entire working age population (15 to 64 year olds) since 1970 vs. HHNW as a percentage of their disposable income…we have something.
I think we are pretty safe to say the bubbles have been in response to the decelerating population growth (said otherwise, decelerating growth in demand).
What’s it all about…I take my best guess HERE. However, discussions of EROI should probably also be in the mix as well.
President Trump may find it hard to keep Iran from selling its oil, a proven way to pressure Tehran, analysts warn.
The post Trump might not be able to hit Iran’s oil industry as hard as Obama did, analysts say appeared first on crude-oil.news.
A modest rebound in oil and gas prices in international markets has given Calgary and Alberta the distinction of being the fastest growing metropolitan areas in Canada this year, according to a report by The Conference Board of Canada carried by Markets Insider “The worst appears to be over for Calgary and Edmonton. Alberta’s economy has been getting stronger thanks to a rebound in drilling and increases in oil production, which has helped to fuel renewed economic growth in the province’s largest cities,” said Alan Arcand,…