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SVTPerformance's Chain of Restaurants
Road Side Pub
BITCOIN
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<blockquote data-quote="Weather Man" data-source="post: 16670782" data-attributes="member: 137766"><p>It is interesting that the 10 year US bond is the gold standard for safety when the shit hits the fan.</p><p></p><h3>Bitcoin leads cryptocurrency plunge as global markets suffer 'risk-off' day</h3><p>Sep. 20, 2021 7:43 AM ET<a href="https://seekingalpha.com/symbol/BTC-USD?source=content_type%3Areact%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cfirst_level_url%3Anews%7Csymbol%3ABTC-USD" target="_blank">Bitcoin USD (BTC-USD)</a>, <a href="https://seekingalpha.com/symbol/ETH-USD?source=content_type%3Areact%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cfirst_level_url%3Anews%7Csymbol%3AETH-USD" target="_blank">ETH-USD</a>By: Stephen Alpher, SA News Editor<a href="https://seekingalpha.com/news/3741095-bitcoin-leads-cryptocurrency-plunge-as-global-markets-suffer-risk-off-day#comments" target="_blank">2 Comments</a></p><p></p><p><img src="https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1227621620/medium_image_1227621620.jpg" alt="Bitcoin cryptocurrency symbol on yellow balloon. Man hold needle directed to air balloon. Concept of finance risk" class="fr-fic fr-dii fr-draggable " style="" />Velishchuk/iStock via Getty Images</p><p></p><ul> <li data-xf-list-type="ul">The growing <a href="https://seekingalpha.com/news/3741036-evergrande-worries-spread-to-other-property-companies?source=content_type%3Areact%7Csection%3Amain_content%7Cbutton%3Abody_link%7Cfirst_level_url%3Anews" target="_blank">likelihood of a collapse of Chinese property developer Evergrande</a> sent Hong Kong reeling more than 3% overnight (Shanghai was closed). That's shaken up markets in the west, with Europe down 2% at midday, and U.S. stock index futures down about 1.5%.</li> <li data-xf-list-type="ul">China's possible "Lehman moment" has money flowing into fixed-income, with the 10-year U.S. Treasury yield down four basis points to 1.33%.</li> <li data-xf-list-type="ul">The action appears to be hitting the crypto markets in a big way, with bitcoin (<a href="https://seekingalpha.com/symbol/BTC-USD?source=content_type%3Areact%7Csection%3Amain_content%7Cbutton%3Abody_link%7Cfirst_level_url%3Anews" target="_blank">BTC-USD</a>) plunging more than 7% in the last 12 hours, and minutes ago dropping below $44K. Ether (<a href="https://seekingalpha.com/symbol/ETH-USD?source=content_type%3Areact%7Csection%3Amain_content%7Cbutton%3Abody_link%7Cfirst_level_url%3Anews" target="_blank">ETH-USD</a>) is down 8%. If a Lehman moment is coming, than surely the tried and true government/central bank response - flooding the system with massive amounts of liquidity - can't be far behind.</li> <li data-xf-list-type="ul"><a href="https://seekingalpha.com/news/3741036-evergrande-worries-spread-to-other-property-companies?source=content_type%3Areact%7Csection%3Amain_content%7Cbutton%3Abody_link%7Cfirst_level_url%3Anews" target="_blank">The Fed meets this week, and today's tremors likely gives more ammunition to the doves who would prefer to hold off any taper announcement</a>.</li> </ul></blockquote><p></p>
[QUOTE="Weather Man, post: 16670782, member: 137766"] It is interesting that the 10 year US bond is the gold standard for safety when the shit hits the fan. [HEADING=2]Bitcoin leads cryptocurrency plunge as global markets suffer 'risk-off' day[/HEADING] Sep. 20, 2021 7:43 AM ET[URL='https://seekingalpha.com/symbol/BTC-USD?source=content_type%3Areact%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cfirst_level_url%3Anews%7Csymbol%3ABTC-USD']Bitcoin USD (BTC-USD)[/URL], [URL='https://seekingalpha.com/symbol/ETH-USD?source=content_type%3Areact%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cfirst_level_url%3Anews%7Csymbol%3AETH-USD']ETH-USD[/URL]By: Stephen Alpher, SA News Editor[URL='https://seekingalpha.com/news/3741095-bitcoin-leads-cryptocurrency-plunge-as-global-markets-suffer-risk-off-day#comments']2 Comments[/URL] [IMG alt="Bitcoin cryptocurrency symbol on yellow balloon. Man hold needle directed to air balloon. Concept of finance risk"]https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1227621620/medium_image_1227621620.jpg[/IMG]Velishchuk/iStock via Getty Images [LIST] [*]The growing [URL='https://seekingalpha.com/news/3741036-evergrande-worries-spread-to-other-property-companies?source=content_type%3Areact%7Csection%3Amain_content%7Cbutton%3Abody_link%7Cfirst_level_url%3Anews']likelihood of a collapse of Chinese property developer Evergrande[/URL] sent Hong Kong reeling more than 3% overnight (Shanghai was closed). That's shaken up markets in the west, with Europe down 2% at midday, and U.S. stock index futures down about 1.5%. [*]China's possible "Lehman moment" has money flowing into fixed-income, with the 10-year U.S. Treasury yield down four basis points to 1.33%. [*]The action appears to be hitting the crypto markets in a big way, with bitcoin ([URL='https://seekingalpha.com/symbol/BTC-USD?source=content_type%3Areact%7Csection%3Amain_content%7Cbutton%3Abody_link%7Cfirst_level_url%3Anews']BTC-USD[/URL]) plunging more than 7% in the last 12 hours, and minutes ago dropping below $44K. Ether ([URL='https://seekingalpha.com/symbol/ETH-USD?source=content_type%3Areact%7Csection%3Amain_content%7Cbutton%3Abody_link%7Cfirst_level_url%3Anews']ETH-USD[/URL]) is down 8%. If a Lehman moment is coming, than surely the tried and true government/central bank response - flooding the system with massive amounts of liquidity - can't be far behind. [*][URL='https://seekingalpha.com/news/3741036-evergrande-worries-spread-to-other-property-companies?source=content_type%3Areact%7Csection%3Amain_content%7Cbutton%3Abody_link%7Cfirst_level_url%3Anews']The Fed meets this week, and today's tremors likely gives more ammunition to the doves who would prefer to hold off any taper announcement[/URL]. [/LIST] [/QUOTE]
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