RE: The Daily LEO #408 Yuan, Recession Fears and Mt. Gox

I think that institutions buying up Bitcoin after the ETF approval will cause liquidity to plummet along with volatility. This means the traders will have a shrinking spread to trade from and will look to altcoins to make bigger returns.

We're actually already in a recession. The goalposts keep getting moved in the reports so governments don't have to admit it, and the news isn't reporting it because they're already in bed with the government and don't stand to benefit from sounding the alarm. Food, gasoline and energy prices are still up. Credit card debt is skyrocketing. People can't afford rent, much less interest payments on a house. The signs are all there if you look and ignore what the talking heads on TV are telling you.

Posted using Neoxian City