On the surface, the United States is soaring economically when compared to some of its rivals. But turbulence lurks under the nation’s wings. To a large extent, the Federal Reserve is underwriting this growth through monetary and fiscal channels, leading to instability in money markets. What transpires in the world’s largest economy and reserve-currency holder is guaranteed to impact the welfare of economies elsewhere, so what can we expect next?
During 2017, a few fortunate investors have made a lot of money very quickly on their investment in crypto-currencies, an asset class that did not exist just eight short years ago. But as with other rapidly evolving assets, that often seem too good to be true, the potential soaring profits of crypto-currencies are offset by the risks of crushing losses. “Investor beware” is the name of the crypto game!