Tag Archives: financial crisis

Bitcoin Is Now Officially In Its Longest Bear Market Ever

by Sam Ouimet

Bitcoin has officially entered the longest stretch of declining prices in its 10-year history.

The world’s oldest and most valuable cryptocurrency achieved an all-time high of $19,764 on Dec. 17, 2017 on the CoinDesk Bitcoin Price Index and has printed a series of lower price highs ever since, making February 2 (as per UTC time), the 411th consecutive day prices have been in decline.

Stocks have lost roughly $5 trillion in value since their 2018 peak

by Sue Chang

Stocks had their worst start to a new year in nearly two decades, one of the most iconic companies in the world lowered its revenue outlook and high-profile strategists are already cutting their S&P 500 targets.

And it’s only day three into 2019.

Facing the left-wing challenge in the European Union

by Eric Toussaint

It is shocking to see that the right-wing government in power in Italy since Summer 2018 refuses to reduce the budgetary deficit while so-called left-wing governments bow to the constraints of austerity. It is now, when the peoples of the Eurozone are ever more disgusted by the policies imposed by European leaders and big capital, that the radical left should start fighting the structures of the European Union and the Eurozone. The time is ripe to expose their legitimacy crisis and use it as a means of tackling the challenges populations are faced with. The left needs to adopt an internationalist, anticapitalist break strategy and push ahead with an eco-socialist federation of the peoples of Europe. A large part of the population aspires to radical change; if the left shows that it has strong proposals and is ready to commit fully to bringing them about, it could win popular support. The left must gear up to taking a profoundly radical course of action that is internationalist, feminist, environmentalist, antiracist, socialist, communist and not tethered by any dogma. [1]

The Challenges for the Left in Europe and the Eurozone

by Eric Toussaint

As from May 2010 the question of the debt became a central concern for Greece and for the rest of the Eurozone [1]. The first programme imposed by the Troika provoked a brutal increase in Greek public debt. This was also the case in various forms in Ireland (2010), Portugal (2011), Spain (2012) and Cyprus (2013).

Bank of America Sees a Replay of 1998 in Summer Pain Trades

Bank of America Corp. sees a foreboding parallel in the current direction of markets: 1998.

Emerging markets are crumbling under a strong dollar while tech stocks advance amid optimism over the U.S. growth trajectory — two ingredients that might be the makings of an annus horribilis like the one seen two decades ago, according to the bank.