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Steven Cavan
FINANCIAL EDUCATION & YOUR BEST INVESTMENT
<;
Want To Protect & Profit from
Debt Collapse & Cashless Society ?
Be Your Own Bank 2.0 !!
Learn How To Inside
Click Here - Accept Facebook Connection - Follow Steps
To your success,
Steven Cavan
FINANCIAL EDUCATION = YOUR BEST INVESTMENT
<>>
Want To Protect & Profit from
Debt Collapse & Cashless Society ?
Be Your Own Bank 2.0 !!
Learn How To Inside
Click Here - Accept Facebook Connection - Follow Steps
To your success,
Steven Cavan
FINANCIAL EDUCATION = YOUR BEST INVESTMENT
Be Your Own Bank 2.0 !
Protect & Profit from Debt Collapse & Cashless Society
Click Banner To Learn About FINANCIAL TRANSPARENCY & BLOCKCHAIN Technology
LEARN ABOUT HOW TO BE YOUR OWN BANK 2.0
https://markethive.com/group/cryptocoin
To your success,
SUCCESS = MINDSET + LEARN + APPLY + TEACH
Steven Cavan
Be Your Own Bank 2.0 !
Protect & Profit from Debt Collapse & Cashless Society
Click Banner To Learn About FINANCIAL TRANSPARENCY & BLOCKCHAIN Technology
LEARN ABOUT HOW TO BE YOUR OWN BANK 2.0
https://markethive.com/group/cryptocoin
To your success,
SUCCESS = MINDSET + LEARN + APPLY + TEACH
Steven Cavan
Source: http://www.newsbtc.com/2016/12/16/chinese-regulators-shut-bonds-market-trading-avoid-complete-collapse/
On December 12, 2016, the Chinese government made another decision that makes their economy look weaker. Trading in bond futures is no longer possible every since the market crashed in spectacular fashion. It only took the market a few hours to wipe out all bonds market gains made in the past 18 months. China has a volatile market, and it looks like things go from bad to worse.
It was not entirely unexpected the Chinese bonds market would collapse sooner or later. The PBOC has been making very strange decisions as of late, all of which hint at an uncertain financial future for the country. One could argue China has dug their own bond market grave and now they have to sleep in it.
Unfortunately, it appears this crash is only a sign of what is to come in the future. The Chinese economy is in a bubble that can go poof at any given time. Increasing capital outflows, and a heightened government concern over local assets, are only fueling further speculation. Moreover, injections of capital in short-term money markets have not helped matters either.
To put this into perspective, the 10-year Chinese Treasury bond future crashed by 2%. That is quite a significant number, and also the largest daily drop in history to date. Authorities panicked after this trend became apparent, and shutting down the market seemed to be the only course of action. However, in doing so, the government only adds more reasons for investors to look for alternative financial solutions.
For now, it remains unclear what all of this means for the Chinese economy moving forward. But one thing is certain: more money will flow into alternative assets than ever before. It is very likely the bonds market crash will bring more attention to Bitcoin as a safe haven asset in the future. If that is the case, the price per BTC will only go up even more in the coming weeks.
It is safe to say the Chinese economy is very sensitive to any local and foreign interference. Now that the Federal Reserve has hiked the interest rates, more trouble is looming for China’s economy. It will be interesting to see how all of this plays out in the coming weeks. All of these changes have only pushed the Bitcoin price up, and cryptocurrency holders are not complaining by any means.
And, this is going to help a new crowd sourcing program sponsored by MyCryptoworld. It is a new ICO (Initial Coin Offering) and time is running out for you to get in on it. The dead line to get in on the offering is December 31, 2016. You can purchase tokens which will convert to bitcoins on January 10, 2016.
Dennis Roeder
MyCryptoWorld
skype: daroeder
Steven Cavan
