Romain Bourgeois

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Warnings grow louder over cryptocurrency as valuations soar

With bitcoin and Ethereum gathering momentum among investors, some experts fear a bubble could soon burst<p>Joe Kennedy, patriarch of the Kennedy clan, said he knew it was time to exit the stock market after a shoeshine boy gave him stock tips. If everyone thinks it’s time to buy, it’s time to sell, …

Cryptocurrency

Nobel Prize winner Richard Thaler may have added $29.6 billion to retirement accounts

Richard Thaler, the recent recipient of the Nobel Prize in economics, has helped retirement savers substantially in the past decade — to the tune of …

Retirement

A report coauthored by a People's Bank of China researcher says China's economy is about to hit a wall

China's economy may soon start feeling some negative payback for stimulus policies that have helped growth to rebound but at the cost of rising corporate debt levels, according to a new paper from the Federal Reserve Bank of Kansas City.<p>The report's findings are particularly striking given that one …

Amazon might be lowering the rate of inflation globally

Another investment bank analyst has signed on to the idea that the internet is holding down the rate of inflation.<p>Bilal Hafeez, the global head of G10 FX strategy and head of EMEA research at Nomura, published two notes last month on whether the value of the dollar was being held down by Amazon and …

A former Goldman Sachs VP who founded a crypto hedge fund says betting on bitcoin is like betting on the internet in the 90s

The cryptocurrency market has exploded this year with over 1,000 digital currencies now on the market.<p>The price of bitcoin, the first and largest cryptocurrency, has captured the most attention, with Wall Street CEOs from JPMorgan's Jamie Dimon to Goldman Sachs' Lloyd Blankfein weighing in on the …

Dubai just got its first official cryptocurrency

The city's economy department partnered with one of its subsidiaries called Emcredit Limited and U.K.-based Object Tech Group, Ltd. to create emCash.<p>This new "encrypted digital currency" is a product of partnerships Dubai has cultivated through their Accelerators Initiative and brought under the …

Opinion: How Amazon’s stock could rise to $3,000 — or fall to $400

I am getting a lot of questions about Amazon’s stock.<p>Some investors want to aggressively buy for the long term. Others want to unload and lock in …

Stock Markets

Ethereum will match Visa in scale in a ‘couple of years’ says founder

The mind behind Ethereum, Vitalik Buterin, is matter-of-fact about the crypto. In short, he believes what interviewer Naval Ravikant called “brain virus” is the true future of security and economics and, with the right incentives, Ethereum can replace things like credit card networks and even …

Blockchain

The rise and fall of historical world economies

<i>The Chart of the Week is a weekly Visual Capitalist feature on Fridays.</i><p>Long before the invention of modern day maps or gunpowder, the planet's major powers were already duking it out for economic and geopolitical supremacy.<p>Today's chart tells that story in the simplest terms possible. By showing …

Can we avoid financial crises in the future?

The ‘premiere econometrician in the world’ is how Robert F. Engle’s colleagues describe him. Throughout his 48-year career he’s developed successful …

How Artificial Intelligence Is Revolutionizing Business In 2017

• 84% of respondents say AI will enable them to obtain or sustain a competitive advantage.<br>• 83% believe AI is a strategic priority for their businesses today.<br>• 75% state that AI will allow them to move into new businesses and ventures.<p>These and many other fascinating insights are from the Boston …

Data Warehousing

Signs, Signs, Everywhere A Sign

Review & Update<p>Last week, I noted:<p><i>"I have a sneaky suspicion that when I update the Fed Balance Sheet reinvestment analysis next week, shown below,</i> …

Investing

Bears target ways to bet on cryptocurrency mania imploding | Financial Times

At the peak of the South Sea Bubble three centuries ago, a wag famously poked fun at the craze by issuing a prospectus for “a company for carrying …

Cryptocurrency

UK prices rising faster than wages as forecasters predict inflation at 2.8%

Transport costs drive rising inflation as petrol and diesel prices increase but wages fail to keep apace<p>Britain’s cost of living squeeze shows no sign of easingwith new figures showing that prices are still rising faster than wages.<p>Inflation is when prices rise. Deflation is the opposite - price …

Worst Year For The Dollar Since 1986

Entering 2017, the USD had been up four years running on a broad trade-weighted basis with 8.6% gains in 2014, 10.7% appreciation in 2015 and a more …

Forward Partners raised £60 million from BlackRock to invest in artificial intelligence

Early stage UK venture capital firm Forward Partners has raised £60 million from a single institutional investor, BlackRock, and plans to invest in one of the hottest areas in tech — artificial intelligence (AI).<p>The fund closed in March, but Forward Partners has never revealed the backer beyond …

The UK looks like it's slipping toward recession

LONDON — The chart below is the most worrying one in British economics right now: It shows a country slipping toward recession, a contraction that looks set to arrive in 2018 or 2019, just as Britain exits the EU.<p>The graph — from IHS Markit — shows sequential UK GDP growth on top of the purchasing …

Walmart will use Nvidia and AI to gain ground on Amazon

In a note to clients, Global Equities Research analyst Trip Chowdhry revealed that Wal-Mart would be building huge data centers to house its cloud computing and make a sizable push into deep learning, a segment of artificial intelligence. Wal-Mart will build a "GPU farm" using graphics processing …

Bitcoin drops $500 after more reports China will ban cryptocurrency exchanges

Bitcoin has plummeted further after China launched a crackdown on cryptocurrencies.<p>The currency went into free fall on Friday after reports that China was about to ban cryptocurrency exchanges.<p>It has continued to decline in value, now standing at $4,161.62, or £3,155, down more than $500 from a …

China’s Latest Bond Default Is a Cautionary Tale for Investors

Foreigners have been slow to warm to China’s domestic bond market, the world’s third-largest by value. A look at the latest corporate default may …

Stocks are flashing a bigger warning sign than they did for Brexit and the US election

Almost 8% of the companies in the S&P 500 are trading at 52-week lows, the most since February 2016, according to data compiled by Bank of America Merrill Lynch.<p>That's a bigger portion of the index than was seen during the US election in early November, or the period surrounding the UK's decision …

S&P 500

The Long, Unwinding Road Of Quantitative Easing

<i>Authored by Mark Burgess via Columbia Theadneedle Investments blog,</i><i></i> <i>Quantitative easing has served as a life raft for many of the world’s economies.</i> …

Is The Stock Market Really Overvalued?

One reads a lot of hand wringing these days about current valuations entering bubble proportions. It's getting hard to swing a dead cat without …

Stock-Picking Fund Managers Are Even Worse Than We Thought At Beating the Market

Rather than hiring a stock picker to run your investment portfolio, you’re probably better off just investing in market indexes.<p>That advice has been …

Opinion: Here’s what the smartest guys in the room expect from the U.S. stock market

Is the mutual fund going the way of the landline phone?<p>You certainly can forgive investors for flocking to exchange traded funds, or ETFs. A stunning …

Investing

Cryptocurrency Boom Predicted By Bitcoin Market Data CEO Confirmed, Trend 'Set To Continue'

Where’s the cryptocurrency market heading? Well, a prediction made in January over a boom in market capitalization of cryptocurrencies – and particularly in the altcoin market – by the founder of a crypto-market intelligence start-up that raised over 10,000 Ethereum (ETH) in a pre-sale financing …

Cryptocurrency

Want to to play the stock market? Do what the smart casino players do

Almost<p>two months back, I made, for me, the highly unusual case that the stock market would drop. Reaction, pro and con, was swift and pointed. Dan …

Stock Markets

Dividend Stock Yields 11%, 7 Straight Dividend Hikes, More Due In 2017, Big Growth

Looking for high dividend stocks with strong dividend coverage? You've come to the right place - this article's focus stock, USD Partners LP …

Goldman is building a robo-adviser to give investment advice to the masses

A Goldman spokesman declined to comment.<p>The job posting for employees to help build the platform comes as Goldman is looking at ways to broaden its customer base outside the super wealthy, including making deeper inroads into new consumer-focused businesses.<p>The bank last year launched Marcus, its …

The pound is dropping after the government's Article 50 announcement

LONDON — The pound is sliding on Monday after the government announced that it plans to trigger Article 50 on March 29, beginning the formal Brexit process.<p>Sterling was initially unmoved when the news was announced at around 11.15 a.m. GMT (7.15 a.m. ET), but around 30 minutes later the currency …