Crypto Futures News 

Bitcoin futures remind one expert of the risky products that caused the financial crisis

“Exchange giant CME Group announced on Tuesday that it will launch bitcoin futures products, and many corners of the market erupted in celebration” writes Finanzen Net Gmbh for businessinsider.com. Before you know it, there will be many ETFs, and they’ll all be based on underlying exchanges that aren’t legitimate.In his mind, the main issue with these newly-proposed futures is that bitcoin exchanges operate in lawless fashion.And it’ll be because nobody did the due diligence into the underlying exchanges.Business Insider spoke to Saluzzi by phone, and this is what he had…

Read More
Crypto News 

Bitcoin throwdown: Analysts spar on whether the cryptocurrency is a good deal or too risky

“But Lee, of Fundstrat Global Advisors, has said he sees bitcoin going to $25,000 in five years and possibly $55,000, and he has endorsed the Bitcoin Investment Trust, calling it an “attractive buy.”” writes Liz Moyer for cnbc.com. Lee said on CNBC that buying the Bitcoin Investment Trust is a way to capture most of the potential rise in bitcoin with more liquid exposure and he admits bitcoin is a “very risky” investment in and of itself.Andrew Left, a bitcoin critic, and Tom Lee, an all-in admirer, squared off Wednesday…

Read More
News 

‘We can’t just keep doing what we’ve been doing’: King County tries risky alternative to youth jail

“Shortly afterward, detectives arrived at his home, cuffing Vincente and bringing him to a holding cell at juvenile detention” writes Claudia Rowe for seattletimes.com. With no prior record and not so much as a detention at school, Vincente became the second youth Hung approached with the peace-circle alternative. Source: seattletimes.com Share This:

Read More
News 

Private equity firms are making a fortune stripping capital out of their companies

“Why is anyone still buying retailers from private equity firms?” writes Wolf Richter for businessinsider.com. This chart shows the surge in the proportion of covenant-lite loans to total leveraged loans over the past three years: So what’s the big deal?. Part of how PE firms make money is by stripping capital out of their portfolio companies via special dividends funded by “leveraged loans” – more on those in a moment – leaving these companies in a very precarious condition.So why can PE firms strip record cash out of their portfolio…

Read More
Markets News 

Desperate Medicine for Indian Markets

“If this looks like a bold — but eventually futile — calculation to wake the RBI from its slumber, what makes it risky is the wariness in Indian markets” writes Andy Mukherjee for bloomberg.com. At some point, India’s bond markets will balk at financing a widening deficit at current yields.The situation in bond markets, where foreigners plowed in $20 billion so far this year, is even more precarious.If the previous move was a delayed placebo, the latest inaction prepares the ground for a risky experimental treatment.On the surface, that doesn’t amount…

Read More
Markets News 

Toronto, London and these other major housing markets are in a risky bubble, UBS says

“In the last five years, bubble risk has grown significantly in several cities, according to a new report from UBS. Toronto, Stockholm, Munich, Vancouver, British Columbia, Sydney, London, Hong Kong and Amsterdam are at “bubble risk,” according to its Global Real Estate Bubble Index” writes Diana Olick for cnbc.com. While no U.S. cities make that highest “bubble risk” category in the index, San Francisco and Los Angeles are considered “overvalued.”. In Canadian and European markets, prices have been able to rise swiftly due to historically low mortgage rates.When prices reach…

Read More
Markets News 

Soccer superstar Cristiano Ronaldo is peddling an extremely risky and controversial investing product

“In another area of the market, investors have increasingly been using leveraged products to bet on volatility” writes Joe Ciolli for businessinsider.com. A controversial investment brokerage Ronaldo has been advertising on Twitter can sometimes have a similar effect on investors, according to a report from Donal Griffin of Bloomberg News. Source: businessinsider.com Share This:

Read More
News Regulators 

Rand Paul’s risky attempt to repeal authorization for military action against al Qaeda

“I also disagree with Paul’s limited assessment of the existing authorization of military force against al Qaeda” writes Tom Rogan for washingtonexaminer.com. Rand Paul, R-Ky., to repeal the congressional authorizations that sent United States forces into action against al Qaeda in Afghanistan and Saddam Hussein in Iraq.Correspondingly, it makes sense to me that we have a specific and updated authorization of military force against named organizations including ISIS, al Qaeda, and their affiliated organizations.Seeing as al Qaeda was responsible for the attacks, I believe the president has authority to attack…

Read More
News 

Federal agencies have issued interim security clearances to criminals — even rapists and killers

“In recent years, intelligence agencies have suffered some of the worst leaks of classified information in U.S. history” writes Deb Riechmann for businessinsider.com. “We are giving those people access to classified information with only the minimum amount of investigation.”I do not think this is one of lacing up our shoes tighter and putting more people against it,” said Sue Gordon, principal deputy national intelligence director. Source: businessinsider.com Share This:

Read More