February 5, 2018

Bitcoin, Stock Market Are Both Tumbling

Things that make you go “hmmm”:

I can’t say that these things are necessarily related. Presumably bitcoin is crashing because it was a Ponzi scheme all along and the air finally went out of it. The stock market isn’t crashing, but it is tumbling and I have no idea why. Neither does anyone else, no matter what they tell you. But it’s down even though corporate earnings are solid; a generous tax cut is on its way; and the rest of the world is doing pretty well. It may be true that the crazy growth of January wasn’t really justified, but the market has given back way more than that. Why? Trade worries? Random panic? Fear of Trump finally hitting everyone? Beats me.

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That’s twice the impact for intrepid reporting that peels back the layers to publish the truth—and the context you need to break it all down. It’s twice the fuel for investigations on voting rights and justice, critical in this midterm election year. And it’s twice the power for exposing the chaos and corruption of a White House trying to control the narrative.

This is a pivotal moment in our nation, with democracy on the line, and we can only do this work because readers like you step up. Every donation, of any amount, makes a difference here. And every donation will be doubled.

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