World’s Largest Hedge Fund Manager Says 25% Chance of Recession – CCN Markets

Famous hedge fund manager Ray Dalio believes the U.S. is only at a 25% risk of recession, but one investment manager disagrees. | Source: AP When Ray Dalio speaks, you should listen. That’s because Ray Dalio’s hedge fund, Bridgewater Associates, has made over $50 billion for his clients. He isn’t just an investor. He’s a …

Why Bitcoin Rules in the ‘Insane’ World of Negative Interest Rates

Central banks around the world are on a negative rate binge to further a compelling case for bitcoin.. | Source: Shutterstock By CCN Markets: In Denmark, some depositors are now paying the bank to look after their money. In Germany, the 30-year bond yield just went negative. A total $17 trillion of global bonds are …

Ethereum to Skyrocket by 70 Percent Against Bitcoin, Predicts Analyst

By CCN Markets: On May 21, a pseudonymous cryptocurrency technical analyst named “Rampage” posted on Twitter that ETH/BTC is about ready to catch up to ETH/USD. In a tweet, the attached an image in which the price action of two markets is overlaid in a single chart. The analyst predicts that Ethereum will move higher …

Tesla’s Stock Could Follow in Footsteps of a High-Flying Tech Play: Analyst

By CCN Markets: On CNBC, analyst Eddie Yoon of a think tank called “EddieWouldGrow” overlaid a chart of Netflix from 2011-13 onto Tesla’s chart since January. Will Tesla behave like Netflix? | Source: CNBC Gosh, those charts look so similar. Maybe Tesla’s stock will do the same thing as Netflix’s stock and make a huge comeback. …

Dem Hopeful Andrew Yang Slams Amazon in Viral Maher Clip

By CCN Markets: Democratic presidential candidate Andrew Yang appeared on the Bill Maher show over the weekend. He discussed his Universal Basic Income (UBI) plan in detail, suggesting that big tech companies including Amazon could foot the bill. The clip is taking off, with more than 300,000 YouTube views already: Yang has been promoting giving Americans …

Weiss Crypto Ratings Drops EOS Over Centralization Concerns but Who Cares

By CCN Markets: Weiss Crypto Ratings on Friday announced that it is downgrading the technology score of EOS, a blockchain protocol developed and distributed by Block.one. EOS Downgraded by Weiss Rating Over Centralization Issues | Source: Weiss Crypto Ratings The US-based economic research agency said EOS has “serious problems with centralization,” three months after it …