News Regulators 

Fed’s Kashkari laments lack of affordable housing but doesn’t see bubble

“We don’t think there is a new housing bubble the way there was in 2006,” Kashkari said in a talk at the Minnesota Housing Finance Agency in St” writes Senior Economics Reporter for marketwatch.com. The Federal Reserve is watching asset prices closely, but sees no sign of a housing bubble, said Minneapolis Fed President Neel Kashkari, on Thursday.Kashkari said the lack of affordable housing was widespread across his region, which includes Minnesota, Montana, North and South Dakota, and parts of Wisconsin and Michigan. Source: marketwatch.com Share This:

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News 

China’s bike-sharing bubble is producing graveyards of bikes

“There are dozens of bike-sharing companies offering peddled rides in China, most of them with dockless bikes that the rider can park anywhere” reports fastcompany.com. But fears of a bike-share bubble are mounting as the sheer amount of bike-share bikes abandoned on streets, walkways, and corners mount. The BBC has highlighted this problem in a, frankly, surreal video that shows just how bad bike-share overcrowding has gotten in some cities in China and the steps authorities are taking to impound the abandoned bikes, creating massive bike-share graveyards. Source: fastcompany.com Share This:

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Crypto News 

Correction or Bubble? Where is Bitcoin is Headed

“After shedding billions of dollars for several months, the price of Bitcoin seems to be in recovery” reports financemagnates.com. At the time of writing, the price of one Bitcoin is floating at around $9,300, a decrease from nearly $20,000 towards the end 2017.The latest price comes after a dramatic rise in the coin’s price on April 12, 2018, that saw its value increase by more than $1,000 in under an hour. Source: financemagnates.com Share This:

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News 

Seattle-area home-price growth from current boom has surpassed last decade’s bubble

“In the six years leading up to the peak of the bubble in 2007, Seattle-area prices grew a total of 73 percent before the bubble burst” writes Seattle Times Business for seattletimes.com. The Case-Shiller report noted that the Seattle metro area had the biggest job growth in the past year among the 20 regions covered in the report.As the Seattle area continues its run as the nation’s hottest real- estate market, it has now seen home prices surge upward for a full six years — with more growth in home…

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Crypto News 

Bitcoin is a bubble and a perfect example of ‘faddish human behavior’: Shiller

“The cryptocurrency hurtled above $1,000 in early 2017 after trading at less than a $1 at the beginning of the decade” writes unknown author for cnbc.com. Bitcoin is coming off one of its best one-day performances of the year, but one Nobel Prize-winning economist sees the cryptocurrency as more of a psychological experiment than a serious investment.The bitcoin craze reminds him of tulip mania in the 17th century. Source: cnbc.com Share This:

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Markets News Stocks 

BANK OF AMERICA: A wildly successful stock trading strategy is no longer working — and it signals that a bubble has burst

“For much of the nine-year bull market, the stock-trading strategy known as “buy the dip” was basically synonymous with “free money.”” writes Joe Ciolli for businessinsider.com. That’s because, following any period of sharp weakness, traders could simply scoop up shares at bargain prices, and the market would recover.The popular practice of shorting those ETPs was long blamed for stifling price swings and inflating the low-volatility bubble. Source: businessinsider.com Share This:

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Markets News Stocks 

CITI warns…

“Stock markets have had a bumpy first quarter, and global equity analysts at Citigroup believe that this is only set to continue” writes unknown author for cnbc.com. A slowdown in global growth was also mentioned as a risk to Citi’s outlook.Analysts at Citi said Monday that it’s likely that there will be bigger sell-offs ahead — but believes they would opportunities to pick up some bargains.”Our latest round of forecasts imply a rise in global equity markets of about 8 percent to the end of the year, led by Europe…

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Crypto News 

Billionaire George Soros is reportedly getting ready to dive into crypto

“The investment fund founded by billionaire George Soros is preparing to dive into cryptocurrency trading, even though Soros himself previously described them as a “bubble,” according to reports” writes Finanzen Net Gmbh for businessinsider.com. Soros is no longer involved in the day-to-day management of Soros Fund Management, so is unlikely to have been directly involved in the firm’s decision to trade crypto.Adam Fisher, who oversees global macroeconomic investing for Soros Fund Management, has gained internal approval to invest in and trade cryptocurrencies, according to Bloomberg, which said he hadn’t yet made any bets on…

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News 

Toronto’s housing prices are collapsing

“In addition to these average prices, the TREB offers its own proprietary “Home Price Index Composite Benchmark” (but it doesn’t disclose median prices)” writes Wolf Street for businessinsider.com. Prices follow volume, and prices have been backing off, but in February they actually fell on a year-over-year basis, the first since the Financial Crisis, and in March, they fell more steeply.This index is fairly resistant to price declines, but it nevertheless fell 1.5% year-over-year for the GTA. Real estate website Zolo.com offers all kinds of housing data, including median prices.The average…

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News Stocks 

Investor euphoria is just as extreme now as during the dot-com bubble

“The point is that while investor euphoria, as measured by valuations, appears to be just as extreme today it has not been confined to just one handful of stocks or even one sector as it was during the dotcom mania” writes Thefelderreport Com for businessinsider.com. In fact, they still trade at their highest median valuation since Facebook came public back in 2012 – actually triple that level of roughly five years ago.Even at their 1987 peak just prior to the infamous crash, this group traded at a 65% discount to…

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