2017 was Weird! Although 2017 was very volatile news-wise, what with daily Trump tweets, North Korean missile tests and a steady stream of terrorist attacks around the world, U.S. stock market volatility was its lowest in fifty years.
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In a year of uncertainty that included a recalcitrant North Korea, Britain’s continued exit from the European Union, multiple terrorist attacks, and global populist uprisings, to say 2017 was a turbulent year is a bit of an understatement—except, that is, in stock markets.
Six Words and Terms That are Basically “Fake News”. Read on to find out all six.
A True Early Warning or Simply Chicken Little? The researchers found that when an asset has a price run-up of 100% or more in a two-year period, the probability of a crash becomes 50%. When focusing on run-ups of at least 150%, that probability jumps to 80%. Higher than that and a crash is a near-certainty. Bitcoin’s run-up over the last two years is nearly 2,500%.
Are we really making progress? Payrolls are up 2 million from a year ago. Some will dismiss the growth as “the rich getting richer,” but the facts say otherwise. Usual weekly earnings for full-time workers at the bottom 10% are up 4.6% versus a year ago; earnings for those at the bottom 25% are up 5.3% from a year ago. By contrast, usual weekly earnings for the median worker are up 3.9% while earnings for those at the top 25% and top 10% are up less than 2%.