Carnegie Market Blog

 

Blockchain, the Four and Brick and Mortar Retailers

Posted by Brent Luce on Nov 27, 2017 3:46:55 PM

BITCOIN

The bitcoin craze continues.  As of today, bitcoin is valued at almost $10,000.   This is up from about $800 at the beginning of the year and $20 in 2013.  There are many of people who believe this is a great investment, others who think it is a massive speculative bubble, and more who have no idea what the deal is with Bitcoin or blockchain.  Last month a publicly traded biotech company decided to change its name to include the word “blockchain” change their focus to “buying cryptocurrency and blockchain businesses”.  That change alone caused the stock price to quintuple in a short time.  While Bitcoin itself may or may not be in a speculative bubble, the technology it is built on, blockchain, is quite promising.  Blockchain technology has wide implications and may turn out to be an integral piece of the technology revolution we have entered.  Here is an interesting and non-technical TED Talk explaining How The Blockchain Will Radically Transform The Economy  

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Topics: Retail, $GOOGL, $AAPL, $AMZN, The Four, $WMT, Scott Galloway, Bitcoin, Blockchain, $FB

Cracks Show in Consumer Credit

Posted by Brent Luce on Jun 17, 2016 3:57:33 PM

Consumer Debt Defaults

Earlier this week, Synchrony Financial, a private-label credit card issuer, announced that it was increasing its guidance for charge-offs.  While the overall level of charge-offs is relatively low, this is one of the first tangible signs that the consumer might be weakening and that credit may be deteriorating after years of improvement following the 2008-2009 financial crisis.  Synchrony is the largest creditor for retail-store credit, so they are viewed as a bellwether for the industry as a whole.  There have been lots of fears circulating related to auto loans, credit cards and student loan debt, so this is something to pay attention to.  Heretofore, the U.S. consumer has been resilient.  Is this just a minor tick up or the beginning of trend reversal?  MORE:  Cracks Show in Consumer Credit -- WSJ 

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Topics: $AAPL, Stealth Bear Market, Consumer Credit

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