Three trends portend a possible bubble collapse in the debt market. First, the extension of credit has become more lax; Second, the Fed has stopped providing liquidity under quantitative easing; third, Low asset returns has caused investors to overpay for risky assets.
The Turkish economic situation is threatening a global contagion crisis. These crises seem to come about every 10 years:
1978 - Oil Shock Crisis
1987 - Stock Market Crash
1998 - Asian Financial Crisis
2008 - 2008 Financial Crisis
2018 - Turkish Financial Crisis?
Cryptocurrency investment has become increasingly prone to both fraudulent ICO and pump and dump schemes. The unregulated nature of the cryptocurrency market guarantees that the schemes will continue. https://www.wsj.com/graphics/cryptocurrency-schemes-generate-big-coin/?mod=article_inline?mod=hp_lead_pos5
This seems like a real long shot. These assets would have been uncovered by now given all the autopsy and law suits the past few years.
pasthttp://www.investmentnews.com/article/20180803/FREE/180809967/former-madoff-customers-argue-it-wasnt-a-ponzi few weeks we have
Regulation is the key to the appeal of cryptocurrencies to end investors. A number of government entities (in the U.S. and abroad) are studying the issue. The latest is the U.S. Treasury, whose report on innovation in financial services includes an analysis of cryptocurrencies.
75% of investors polled by Gallup are aware that Bitcoin is a risky investment. However, younger investors are much more knowledgeable about bitcoin, and may constitute an investment pool in the future.
The SEC rejected Cboe's application to launch an exchange-traded product based on bitcoin, citing the lack of transparency of market participants and the risk of market manipulation and fraud.
Hedge funds (along with liquid alternative investments) and smart beta funds have been among the fastest growing investment vehicles over the past few years. I believe that the reason for this growth is that they both appeal to the investors’ focus on factors or performance drivers rather than alpha or labels. More and more, investors view investments as a bundle of factors that are evaluated for their impact on the overall portfolio.
About Ezra Zask
Ezra Zask has spent over 30 years in the finance and investment areas, providing research and consulting to investors and investment management companies. He has founded and managed a hedge fund, fund of funds and investment advisory firms, ans held senior positions in hedge funds and investment advisory firms. He has taught at Princeton and Yale graduate schools and written extensively including a best-selling book, All About Hedge Funds, Second Edition (McGraw Hill: 2013)