The bear market is over.
I know, that’s a big claim. But listen.
Large-cap tech is the driving force behind market stability. We’re talking Google, Apple, Amazon, Netflix, and more.
And that’s sparking a new bull market. But he has one sector that has historically performed best at the end of a bear market.
Now there is an opportunity to invest in this area.
Watch today’s video to understand why now is the right time. my recommended brands in this space…
Inflation seems to be headed for a “soft landing”. Can the Federal Reserve actually land planes? [0:30]
Recruitment information for April has been released.
So Amber Lancaster and I are trying to analyze what last month’s unemployment rate says about the strength of the U.S. labor market, inflation, and ultimately the U.S. economy.
(Or read the transcript here.)
Video of the day:
- Investment Opportunities: A big tech bull market is underway.And the next opportunity is born this sector. [5:50]
- Crypto World: What the ongoing local bank turmoil says about the value of investing in Bitcoin and Ethereum (as a hedge against inflation). [8:45]
- Megatrends: Artificial intelligence is setting the tech industry on fire after last year’s wave of massive tech layoffs. Companies are hiring!and chip stocks There is a possibility that it will make a leap with the AI boom. [13:15]
see you soon,
Ian King Editor, strategic destiny
Ian and I had a great talk about the past, present and future of the banking system. podcast on monday.
Large banks like JP Morgan and Citibank in the world are generally reluctant to invest their resources in small markets, so small “family-run” banks are hugely important to small-town economies. have importance.
Small banks are undoubtedly important as they account for around 43% of all small business lending.
But Ian believes that’s changing…and smaller banks have lost their usefulness.
He makes some good points. Today, even in the informal service economy, few people actually use cash. You can also tip the parking attendant with your credit card or her Venmo.
Also, if you receive a paper check, you can usually deposit it using your smartphone camera. You can even apply for a mortgage online… sign the papers and you could be sold to Fannie Mae or Freddie Mac.
Although still in its infancy, peer-to-peer lending networks are rapidly emerging as a source of financing for small businesses.
Given that the banking system will inevitably fail at least once every 10-20 years, we may need to consider whether bailouts in their current form are worth it.
It’s important to remember that no one actually planned the banking system we have today. It has evolved over the centuries and has always been a precarious mess and regulation.
The first modern bankers were goldsmiths. Given the value of their inventory, goldsmiths had to have strong vaults to protect against theft. Common people saw vaults and believed that it was safer to keep gold with goldsmiths than to keep it at home.
Goldsmiths soon realized that they didn’t need to have that much gold on hand to meet withdrawals, so they began lending it out. Thus, the fractional reserve bank was born — all the booms, busts, and general instability it brings.
break the government monopoly on money
Moving large amounts of gold has never been particularly safe, cheap, or convenient. As such, goldsmiths began issuing paper “banknotes” to make transfers more practical.
These banknotes were nothing more than receipts that could be exchanged for gold. They evolved into what we now think of as banknotes, except they were not issued by Treasuries or Central Banks. At that point in history, central banks didn’t really exist.
The problem, of course, was that it was difficult to tell which vouchers were good and which were bad. Especially if it was written by a goldsmith in a faraway town. It was a horrible system that was eventually superseded by today’s national monetary system.
Our system today is also terrible. But he is the lesser of two evils, so to speak.
And here’s where it gets interesting.
I usually roll my eyes when I hear someone talk about the demise of the dollar as the world’s reserve currency. Yes, the dollar is poorly managed. But so are the currencies of all other countries, so simply exchange one poorly managed currency for another.
But what if something completely new became the world’s reserve currency?
Ian said “something” ethereum.
Time will tell. But meanwhile all this is going fast. Financial innovations that took decades or even centuries to evolve now take only years or months to come to fruition.
If you want to thrive in a rapidly changing world, you need someone like Ian to guide you.
So, if you want to learn more about investing in Ethereum, or the next cryptocurrency that is currently at an important turning point in the market, check out his exclusive crypto services. next wave crypto fortune.
nice to meet you,Charles Sizemore Editor-in-chief, The Banyan Edge