That’s what Grant Williams believes. Fascinating interview below. Key bit: “Having the ability through digital cash, for a government to reach into your bank account and take 10 percent 20 percent, whatever it may be, is what they need. They can see this coming, at some point they’re going to have to take money from the people who have it to fill the hole of the people who have spent it. This was a perfectly logical next step in that process.”
“Investors are driven by two emotions: fear and greed. Too much fear can sink stocks well below where they should be. When investors get greedy, they can bid up stock prices way too far.”
The ‘Fear & Greed Index’ explained here: http://money.cnn.com/investing/about-fear-greed-tool/index.html
Over $12 billion flowed into cash like money-market funds last week, the heaviest flow in 15 weeks.
Investors are nervous, very nervous…