Weekend Reads: Bitcoin, Math, and The FED

But sometimes, even we in the Managed Futures space need a reminder that crisis periods are only one way these types of strategies find returns.

Managed Futures Posts Best Performance of 2017 – (RCM’s Attain Alternatives Blog)


Almost two-thirds say this is the lowest point in U.S. history—and it’s keeping a lot of them up at night.

Americans Are Officially Freaking Out – (Bloomberg)


“We suspect that a Powell-led Fed would not be a large step away from a Yellen-led Fed and would thus represent policy continuity for markets,” echoed Peter Hooper, chief economist at Deutsche Bank.

What a Jerome Powell Fed means for investors and the economy – (Market Watch)


Jerome Powell, the president’s pick to be the next chairman of the Federal Reserve, is not a trained economist. That makes him the first leader of the Fed without an economics degree since the late 1970s.

Powell has a hole in his resume — how he handles it will be the story of his Fed chairmanship – (Marketwatch)


While Yellen has her critics, she is widely viewed as a successful Fed chair. Even President Trump said Thursday that Yellen is “a wonderful woman who has done a terrific job.”

Yellen Will Leave Top Fed Post With Solid Record – (NPR)


Bitcoin Futures could legitimize Bitcoin for the rest of the investing world

Welcome to Future(s), Bitcoin – (RCM’s Attain Alternatives Blog)


Increase in the size of the child tax credit. A pet project of Ivanka Trump, the proposal is to increase the credit to $1,600 from $1,000. The bill would also add a credit of $300 for each non-child dependent or parent for five years, after which that provision would expire.

The GOP finally unveiled its massive tax plan that proposes a sweeping overhaul to the system – (Business Insider)


The Supreme Court does not compute. Or at least some of its members would rather not. The justices, the most powerful jurists in the land, seem to have a reluctance — even an allergy — to taking math and statistics seriously.

The Supreme Court Is Allergic To Math – (FiveThirtyEight)


Investors seem desperate for any kind of blockchain exposure, to the point where companies that put the word “blockchain”—or other cryptocurrency terms—into their name have seen share prices soar, a trend that some experts compared with an essentially automatic boost enjoyed by the technology companies that added “dot-com” to their name during the tech bubble.

Two ETF sponsors file for funds related to blockchain, bitcoin’s foundational technology – (Market Watch)


So, is it Morningstar’s fault for not being explicitly clear that these stars are just a starting point when looking to invest, or is it the financial advisors and investors fault for using the stars as the only due diligence before investing?

How Morningstar can Fix Their Rankings – (RCM’s Attain Alternatives Blog)


“It seems this little guy has been eating a little too well and got caught in the sewer grate,”

Raccoon Eats Too Much, Gets Stuck in Sewer Grate: Police – (NBC)


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