Bank Of England Warns That Bitcoin Could Become ‘Worthless’
12/15/2021 11:34 AMEngland’s central bank has said that Bitcoin (BTC) could become “worthless” and people investing in cryptocurrencies should be prepared to lose everything. In a warning over the potential risks for investors, the Bank of England questioned whether there was any...
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B.C. lifting gas restrictions but extends provincial state of emergency until December 28
12/14/2021 12:53 PMGas restrictions at some B.C. pumps due to expire by the end of Tuesday will not be extended. The province began restricting non-essential vehicles in southwestern B.C. to 30 litres of gas per visit to stations last month after severe flooding choked supply chains and...
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Warren Buffett’s Apple stake hits record $159 billion as stock soars
12/14/2021 12:18 PMBerkshire Hathaway's Apple holdings of 887 million shares swelled to a value of $159 billion on Friday. That makes the stake worth half of Berkshire's entire equity portfolio, and almost 25% of its $649 billion market capitalization. Warren Buffett started to build...
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B.C. man selling a TimBiebs crumb for $100,000. And that’s just the start of it
12/14/2021 11:26 AMBlake Simms of Langley, B.C. knows how to sell and is offering a fix for the dilemma over what to get the Bieber fan on your gift list. “Great Christmas gift for Justin Bieber fans!” said Simms’ post, on Facebook Marketplace, in which he pitches a crumb from a Tim...
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Gordon Ramsay moves restaurant HQ to Texas from California: Report
12/13/2021 1:47 PMCelebrity chef Gordon Ramsay has relocated his restaurant headquarters from California to Texas, Dallas Morning News reported. Ramsay has hired a team of businessmen and chefs to expand his restaurant brand across North America, the outlet reported. It added that the...
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The EU is Well Ahead of the US in Cryptocurrency Support and Regulation
12/13/2021 1:14 PMDecentralised finance happens to be one of the few high tech areas where the EU is doing quite well. Last week the Council adopted its position on proposed crypto market regulations for Defi products. They are very industry-friendly. The proposed regulations are the...
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Bank of Canada maintains inflation target of two per cent, adds jobs to mandate
12/13/2021 12:25 PMCanada’s central bank will maintain its current inflation target of two per cent, but will rely more on employment numbers to make policy decisions. Since 1991, the Bank of Canada (BOC) has tried to keep inflation within one to three per cent, ideally at two per cent....
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Trading Desk Notes For December 11, 2021
12/13/2021 10:58 AMBullish enthusiasm came roaring back this week – the S+P registered an All-Time High close – the DJIA rallied >2,000 points from last week’s lows The S+P hit All-Time Highs Monday, November 22, but closed down on the day. Three sessions later, waves of heavy selling...
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Quote of the Week, Shocking Stat and Goofy Award
12/12/2021 1:17 PMQuote of the Week Possibly the most disturbing quote ever heard on this show. But it is time to start understanding the reality of the Chinese concentration camps. Shocking Stat Some advice on how to get young people interested in finance. Goofy Award Public Health...
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Mike’s Comment – December 11th
12/12/2021 12:57 PM"It's Frank's world, and we're all just living in it." Sammy Davis Jr. Mike highlights the incredible disconnect between the educated elite decision makers and the reality of policies on the...
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