Items tagged with markets:
News & Updates:
Bipartisan group of governors reveals new health reform proposal; Global trade flows rise at the quickest pace since 2011; Americas’ economic expectations reach second-highest level since 2002.
Trump signals a shift on gun control; U.S. jobless claims near 45-year low as economic outlook brightens; Leading indicators beat expectations and post third straight month of gains in January.
Trump administration opens access to insurance outside Obamacare; Final TPP deal leaves out US rules; Business leaders confident in economy, but worried about the skills gap; Oil falls on US stockpiles.
“People who buy this morning a year from now are going to say, ‘OK, I think I’ve got a good price,’” said Faculty Affiliate Jeremy Siegel on CNBC as he discussed the recent tumble of market prices this week.
Digital tokens have slid more than 50 percent in value from their peaks in early January, with steep drops on Monday pushing the value of Bitcoin specifically below $7,000.
Amidst these dramatic market moves, other problems with Bitcoin’s security and lack of regulation have arisen.
“Cryptocurrencies are almost a perfect vehicle for scams,” said Faculty Affiliate Kevin Werbach. “The combination of credulous buyers and low barriers for scammers were bound to lead to a high level of fraud, if and when the money involved got large. The fact that the money got huge almost overnight, before there were good regulatory or even self-regulatory models in place, made the problem acute.”