Are Cryptocurrencies Inflationary?

Why would governments allow such an inflationary supernova to explode right in front of them when they presumably have the power to stop it? Here’s one possible - and of course disturbing - answer...

Dow 500,000?

"The biggest secret in achieving long-term investment success is not necessarily being 'right' during the first half of the cycle, but by not being 'wrong' during the second half..."

Bill Ackman: "I’m Only Second To Donald Trump In Terms Of Clicks On The Internet"

"If this gets into a public battle, it’s going to be bad for you personally, it’s going to be bad for the company, but I’m fine with it because — and he said this — I’m told that I’m only second to Donald Trump in terms of number of clicks on the internet, and hence you will lose if there’s a public relations battle."

Rex Tillerson Makes "Secret" Visit To Afghanistan

Cloaked in secrecy and under heavy security, Tillerson slipped out of the Qatari capital of Doha in the pre-dawn hours and flew a military plane into Afghanistan on Monday on the third leg of a trip that started in Saudi Arabia. Tillerson will visit Pakistan on Tuesday and India on Wednesday.

Oil Quality Issues Could Bankrupt Venezuela

The next few weeks for Venezuela will be crucial, as it could struggle to meet a huge stack of debt payments. Reports that the nation’s oil production is experiencing deteriorating quality raises a new cause for concern for the crumbling South American nation.

Key Events In The Coming Week: ECB Taper, Q3 GDP And Durables

The main even this week will be the ECB's taper announcement on Thursday where consensus expects the ECB to announce a QE extension of €30bn per month for 9 month until Sep-18, with potential extension after. Net purchases between now and Dec-17 will continue at €60bn per month as planned. To cope with rate hike expectations, the ECB is also expected to strengthen forward guidance.