Nintendo is in the midst of a renaissance. They’ve found their mojo again. They’ve tapped into the very essence of gaming — fun, family and future. Not only are they changing the video game world again, they may very well kick off another multi-decade long console war. This should come as exciting news for Nintendo stockholders.
There’s a pecking order when it comes to investing. A hierarchy of opportunity. It’s a pyramid of power, carved out in the stone of regulation. The system is set up so that you aren’t allowed to invest in the early stages of the biggest opportunities. You have to be a sophisticated investor. That is a person rich enough to get a chance to make gains. Until now.
Google and Facebook have decided to crack down on advertisements that have anything to do with bitcoin and cryptocurrencies. Facebook have banned them entirely. One minute you’re running an effective advertising campaign to help educate people about this world-changing opportunity. Then next minute they turn the lights out. A blanket ban is too extreme.
In his big State of the Union address yesterday he laid down the plan - He’s going to increase the debt. A massive US$1.5 trillion infrastructure plan. Throwing good money after bad. Or should I say printing more money to pay off printed money. What to make of it all?
Bitcoin and the wider crypto market has tanked overnight. It was a sea of red across the board this morning for almost every coin. With the majority of the top 50 coins down by over 10%.
During the recent crypto-frenzy, ethereum reached a peak of US$1,420 per token. The current price represents a 14.8% retrace from the high, compared to bitcoin’s 42.1% retrace. Traders are beginning to look at ethereum as the next leader in the cryptocurrency world.
The risk is that that all this printing of money leads to inflation. I think that’s what the bond market is reacting to now. However, over the past two years there has been no volatility at all. The highly leveraged global economy has been good for global stocks.
Whether the future will look like this or be entirely different is impossible to know. But imagine. In the crypto future, you would be free to use any currency you like. And a receiver would be free to instantly and freely convert it into any currency they like. There would be no monopoly power here. The possibilities are truly endless.
With Trump’s tax cuts now in effect, US capital outflows will increase significantly this year and beyond. Given the stronger activity this is likely to generate, the current account deficit will probably rise above US$500 billion again in 2018. In short, that’s a big supply of US dollars...
The divide between the generations is real. And although starting off has never been easy — and it’s not meant to be easy — it’s still fair to say no generation has had to start off at such a disadvantage when it comes to buying a roof over your head.