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It’s not just bitcoin — ‘this is the everything bubble,’ analyst Peter Boockvar warns

Posted on Wednesday, 14th February 2018 @ 02:23 PM by Text Size A | A | A

Bitcoin’s price slump could signal another stock market shock is coming, according to Bleakley Financial Group’s Peter Boockvar.

“If bitcoin resumes its decline here, I think that equity investors should pay attention. It’s a sign that maybe risk aversion is creeping into the markets again,” the firm’s chief investment officer said Tuesday on CNBC’s “Futures Now.”

Not only is the bitcoin crash still fresh, Boockvar predicts central banks abandoning easy money policies will further eat away at risk appetites.

“This is the everything bubble generated by seven years of zero interest rates and negative interest rates overseas and massive amounts of money printing. It shows up in the asset price inflation in many different places,” he said.

Bitcoin prices skyrocketed between Thanksgiving and mid-December — surging to a record $19,843. By January, prices were crashing. A few weeks later on Feb. 2, the stock market began its historic plunge.

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It’s not just bitcoin — ‘this is the everything bubble,’ analyst Peter Boockvar warns

Posted on Wednesday, 14th February 2018 @ 02:23 PM by Text Size A | A | A

Bitcoin’s price slump could signal another stock market shock is coming, according to Bleakley Financial Group’s Peter Boockvar.

“If bitcoin resumes its decline here, I think that equity investors should pay attention. It’s a sign that maybe risk aversion is creeping into the markets again,” the firm’s chief investment officer said Tuesday on CNBC’s “Futures Now.”

Not only is the bitcoin crash still fresh, Boockvar predicts central banks abandoning easy money policies will further eat away at risk appetites.

“This is the everything bubble generated by seven years of zero interest rates and negative interest rates overseas and massive amounts of money printing. It shows up in the asset price inflation in many different places,” he said.

Bitcoin prices skyrocketed between Thanksgiving and mid-December — surging to a record $19,843. By January, prices were crashing. A few weeks later on Feb. 2, the stock market began its historic plunge.

Read More…

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  • Pepe Escobar: Economic War On Iran Is War On Eurasian Integration

    Source: Pepe Escobar via The Asia Times US sanctions on Iran should be interpreted as a piece in a much larger chessboard… Life carries on in Tehran despite the threat of US sanctions.  Hysteria reigned supreme…

  • Fracking Wastewater Spikes 1,440% in Half Decade

    By Sharon Kelly Between 2011 and 2016, fracked oil and gas wells in the U.S. pumped out record-breaking amounts of wastewater, which is laced with toxic and radioactive materials, a new Duke University study concludes. The amount of wastewater from…

  • Fracking Wastewater Spikes 1,440% in Half Decade

    By Sharon Kelly Between 2011 and 2016, fracked oil and gas wells in the U.S. pumped out record-breaking amounts of wastewater, which is laced with toxic and radioactive materials, a new Duke University study concludes. The amount of wastewater from…

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    At war with current and former intelligence officials since before he was elected, Donald Trump Wednesday moved to strip Barack Obama’s CIA chief of his security clearance, though worse may be in store for John…

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