Cryptocurrency speculators claim that bitcoin and its peers will mean the end of state-controlled money. That’s economically and politically impossible, says Edward Chancellor.
Matthew Partridge holds steady with his latest bet on the cryptocurrency, bitcoin.
A weak US dollar is usually a good thing for stocks, says John Stepek. So it will be interesting to see how much higher it can go before it impacts on earnings.
The South African rand slipped by almost 3% last week, its worst five-day showing since August amid worries that President Jacob Zuma may be set to sack his competent and economically literate deputy Cyril Ramaphosa.
Cryptocurrency Ripple was created by a California-based start-up of the same name as a way for financial institutions to make cross-border payments quickly and securely.
For now, the bitcoin bulls are winning big. But Matthew Partridge thinks it might be time to bet on a pullback.
Tourism is booming, the current account is in surplus, and the yield on local assets is enticing. No wonder the Thai baht has risen by 8% against the US dollar this year.
It’s easy to beat yourself up about missed investment opportunities that made fortunes for those who bought in early. But it does nobody any good, says Dominic Frisby.
It’s not the technology that investment bank boss Jamie Dimon has a problem with. It’s the cryptocurrency.
Most investors don’t know what to make of bitcoin. But the best brains see the potential and are flocking to this new asset class, argues Charlie Morris.
The pound gave us a valuable lesson in contrarianism this week, says John Stepek. Plus, MoneyWeek’s charts that matter, and what they tell us.