Could Cryptos Be The Next Fiat Currency?

In an ongoing issue of cryptocurrency safety due to it lack of regulation, St. Louis Fed President James Bullard raised concerns Friday about the rise of cryptocurrencies, uniting with other key economic and political officials who have questioned the fledgling platforms as Facebook prepares to launch its “Libra” digital token. Bullard admonished the development of other currencies, digital or otherwise, suggesting that they would compete against the U.S. dollar in the domestic marketplace, and therefore could have an adverse effect on the dollar’s value. While competing currencies can lead to more voluntary…

Stocks Get A Boost From Fed Comments Once Again

U.S. stocks rebounded Thursday afternoon after New York Federal Reserve President John Williams said the central bank needed to “act quickly” when the economy was slowing and rates were low. “It’s better to take preventative measures than to wait for disaster to unfold, ” he said in a speech. The leading policymaker delivered a speech pertaining to what should be done when central banks are near the “zero lower bound,” or roughly as low as rates can go.  “It’s better to take preventative measures than to wait for disaster to unfold,” he…

Gold Gets The Thumbs Up From Ray Dalio

Ray Dalio, the founder and CEO of Bridgewater, the world’s largest hedge fund company by assets under management, sees gold as a key asset as central banks get more hawkish with policies that devalue currencies and are likely to cause a “paradigm shift” in investing. The Bridgewater CEO believes that investors have been driven into stocks and other assets that have equity-like returns. As a result, too many people are allocated into these types of securities and are therefore likely to face diminishing returns. “I think investors today are mostly leveraged…

Gold, Silver Showing Signs Of A Bigger Uptick

While stocks are selling off today following two days of fresh all-time highs, after President Trump issued words of caution on China trade talks, gold and silver may be prepping for a bigger tick up. Gold prices are modestly down in U.S. trading Tuesday. According to Kitco, “The daily chart for gold shows a “collapse in volatility,” whereby the past three sessions have seen significantly quieter price action. This suggests that a bigger price move is right on the horizon, probably yet this week. Given that the daily gold chart remains bullish,…

Amazon To Invest In Employee Development

Amazon, who is getting ready to move thousands of its employees from its headquarters in Seattle to new digs in Bellevue Washington, after a tax issue over new business, said it will train up to 100,000 employees, or one-third of its U.S. workers, into more skilled labor, company officials announced Thursday. The decision, which accompanies an investment of $700 million for the retail behemoth’s “Upskilling 2025” pledge, arises during a period of historically low U.S. unemployment, and as workers at tech companies are becoming more and more vocal about working conditions.…