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The bitcoin bubble is a bad omen for the U.S. economy

January 15, 2018

When I sat down to write one of my first columns for 2018, I looked at one of my favorite sites, tradingeconomics.com.

The opening page lists a summary table, which shows the daily moves in global stocks, bonds, currencies and commodities. More often than not, there is plenty of fodder for my column, just from that table (see this screenshot).

The format of the summary table had not changed for more than a year until a couple of months ago, when a new line appeared in the currency section. What was it? You guessed it: bitcoin!

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