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  • ECB paper claims older Bitcoin holders are exploiting new holders

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    Since its introduction in 1999, the euro has lost approximately 85% of its value against gold due to monetary inflation.

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  • Here’s where investors worried about a stock market bubble should put their money, according to a top economist

    Here’s where investors worried about a stock market bubble should put their money, according to a top economist

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    stock market investor blowing a bubble, NYSE

    The stock market bubble today looks different from those of the past.Drew Angerer / Getty

    • Investors worried about a market correction should adjust their portfolios, David Rosenberg says.

    • The top economist has warned stocks are in a bubble and at risk of a major decline.

    • He advised investors to pay attention to key sectors and add “insurance” to their portfolios.

    A number of Wall Street forecasters have been warning of a stock bubble as the market climbs to a series of fresh highs in 2024 — and investors worried about such a scenario should be putting their money in a handful of assets to protect themselves from the eventual bursting.

    That’s according to David Rosenberg, a top economist and the founder of Rosenberg Research, who’s been warning of a potential craash in stocks for months. In the past, he’s warned of a 39% correction to stocks, among the more extreme predictions on Wall Street, where most investors are feeling optimistic about a soft landing amid a robust economy and easing interest rates.

    “Watching the market these days is like watching a clown blowing up a balloon (or Chuck Prince dancing the ballroom), knowing the inevitable,” Rosenberg said in a note to clients on Friday. “When this mega-bubble pops, it will be spectacular.”

    Investors need to exercise caution and avoid following the “herd mentality,” Rosenberg said, pointing to the fervor for mega-cap tech stocks. Instead, he said, investors should focus on stocks with strong business models, strong growth, and good prices, and add some “insurance” to their portfolios.

    Below are his top investment ideas for to prepare for the potential bursting of a market bubble.

    Healthcare and consumer staples

    Investors should gear their investments towards what people will always need in the future. In particular, Rosenberg recommended that investors pay attention to options in the healtcare and consumer staples sectors.

    “Focus on where people are going to focus on what they need, not what they want,” Rosenberg wrote. “Anything related to e- commerce, cloud services, and wiring up your home to become your new office has been in a budding secular growth phase.”

    Utilities

    Utility stocks also look promising. Other forecasters have predicted huge upside for utility firms, due to the growing need for power and data centers stemming from the AI boom.

    “Utilities, as we have been saying for a long time, are as close to a ‘no brainer’ as there is, given their yield attributes and their being re-rated for ‘defensive growth’ owing to enhanced earnings visibility through the strong and secular outlook for US power needs,” Rosenberg said.

    Aerospace, Defense

    Aerospace and defense stocks could also be a buy, he added, given rising geopolitical tensions around the world.

    “Aerospace/defense has been a long-standing bull call for us for several years, and the best hedge against an increasingly troubled world where military budgets are expanding everywhere — and not at all sensitive to who comes to power on November 5th.”

    Big tech

    While some areas of tech are exhibiting bubble characteristics, investors could still seize on opportunities in some large-cap tech names, given the prevalence of work-from-home, cloud services, and remote work, Rosenberg said. Still, investors should wait to scoop up tech names at better prices, he said.

    “I’d prefer to pick these plays up at better prices than we have today because this last melt-up has eaten enough into future expected returns to keep us cautious for now. But we would be an avid buyer on any significant pullback.”

    Safe bets

    Investors should look to put a “dose of insurance” in their portfolios. That means gold — the “truest store of value,” Rosenberg says, — as well as government bonds.

    “The beautiful thing about gold is that it is not a liability that a central bank can simply have forgiven or a currency that can simply be printed by government fiat,” he said of the precious metal. “I also favor the Treasury market because it commands just about the highest yield of any major industrial country – and with the great liquidity attributes.”

    Real estate investment trusts could also be good ways to hedge risk, Rosenberg said. That particularly applies to REITs tied to the industrial and healthcare sectors.

    “In any event, we all have to become increasingly thematic and thoughtful in our decision-making and more selective than normal because the stock market, and financial assets in general, have become nothing more than a momentum casino,” he added.

    Most forecasters on Wall Street still expect a strong performance from equities into year-end and 2025. Goldman Sachs, UBS, BMO, and Deutsche Bank have raised their year-end price targets for the S&P 500 in recent weeks, with new forecasts ranging from 5,750 to 6,400.

    Read the original article on Business Insider

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  • ‘I feel like I’m missing something’: I’m 68, divorced with two children. I’ve $750,000 and rent my home. Do I need a trust?

    ‘I feel like I’m missing something’: I’m 68, divorced with two children. I’ve $750,000 and rent my home. Do I need a trust?

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    “I continue to reinvest the dividends and interest so my investments continue to grow.”

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  • Got a Good Story About Your Cat or Dog? You Could Make $250 for Sharing It

    Got a Good Story About Your Cat or Dog? You Could Make $250 for Sharing It

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    Woman holding her dog while drinking coffee
    LightField Studios / Shutterstock.com

    We’ve all got a story (or two) to tell. Yours could earn you money. Chicken Soup for the Soul, a self-help and consumer goods company, is accepting stories and poems to include in upcoming books. If yours is chosen, you’ll get a check for $250. Back in the early 1990s, two popular motivational speakers put together a book filled with inspirational stories. “They called it ‘Chicken Soup for…

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  • Deals: Galaxy S24, Moto razr (2024) and Moto Edge (2024) prices fall to new lows

    Deals: Galaxy S24, Moto razr (2024) and Moto Edge (2024) prices fall to new lows

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    It’s time to revisit some old offers as the discounts on select phones have gotten better than what we saw even during the recent Prime Day event. There are also a few offers that aren’t quite as good, but they are worth checking out in case you missed the Prime deals a couple of weeks ago.

    We start with the Samsung Galaxy S24. Last week, the base 8/128GB variant was $720. Now you can get the model with more storage, 8/256GB, for just $705 (was $780 last week). Keep in mind that this isn’t just doubling the storage, the 128GB variant uses older UFS 3.1 chips, while the 256GB one is built with UFS 4.0 chips. This means faster read and write speeds.

    Next up, Motorola Edge (2024). During Prime Day, this phone cost $450 – now it’s $350 for the same 8/256GB configuration. It’s no match for the Galaxy, but for half the price you get a curved 6.6” 144Hz OLED display with 1080p+ resolution, a 50MP (1/1.5”, OIS) main camera and 13MP ultra wide, 32MP selfie and a 5,000mAh battery with fast 68W wired and 15W wireless charging. The Snapdragon 7s Gen 2 is slow, but it’s okay in this price range.

    The Motorola razr (2024) was $600 during Prime Day – as we noted back then, that wasn’t a great deal. But this one is, the 8/256GB model is down to $450. With a large 3.6” cover display, high-quality 6.9” 120Hz LTPO inner display (1080p+), a 50+13MP camera and a 4,200mAh battery with 30W/15W charging, this is a solid pick for a mid-range flip foldable. The Dimensity 7300X is underpowered, but it can handle casual browsing and app usage just fine.

    A higher end alternative is the Samsung Galaxy Z Flip6 – a 12/512GB unit will set you back $940. That’s not as good as the $874 price tag from Prime Day a couple of weeks ago, but it’s pretty close. You get a powerful Snapdragon 8 Gen 3 chip with this one but no DeX. The battery is 4,000mAh and supports 25W/15W charging.

    Motorola’s actual competitor to the Z Flip is the Moto razr+ (2024). It was $760 during Prime Day, now it’s $800 for a 12/256GB unit. The Snapdragon 8s Gen is a (small) step down from the 8 Gen 3, but you get faster wired charging for the 4,000mAh battery at 45W (wireless is still 15W) and a 50MP 2x camera to go with the 50MP main (the Z Flip has a 12MP ultra wide instead of a tele module, the vanilla razr has a 13MP ultra wide).

    The OnePlus 12R was one of the top Prime Day deals – $380 for 8/128GB and $475 for 16/256GB. Now, they are $430 and $530, respectively. Not as good, but still a solid offer for a 6.78” LTPO OLED display (1264p+), Snapdragon 8 Gen 2 and a 5,500mAh battery with 90W wired charging.

    We skipped this one previously, but the Moto G Stylus 5G (2024) is a capable 5G mid-ranger, especially now that it costs just $250. It has a 6.7” 1080p+ 120Hz OLED display, which supports a stylus, a 5,000mAh battery with 30W/15W charging, 50+13MP camera, stereo speakers, 3.5mm headphone jack, microSD slot and a faux leather back. The Snapdragon 6 Gen 1 is a fine 4nm chip for this price range, if not amazing.

    Amazon unveiled its first-ever color Kindle e-reader. The Kindle Colorsoft Signature Edition has a 7” e-paper display, which achieves 300ppi pixel density when showing black and white content and 150ppi for color content. This is great for reading comic books (Comixology is natively supported) or highlighting text with different colors. It’s not cheap at $280, though.

    If you plan on sticking with good old black on white print, check out the new Kindle Paperwhite. It is available in regular (16GB) and Signature edition (32GB). The Signature edition adds wireless charging and a light sensor that automatically adjusts the warm front light. Note that the Colorsoft is available only as Signature edition and has the same features. The Paperwhite (including the vanilla version) and Colorsoft are waterproof (IPX8) and have a front light with adjustable color temperature.

    The regular Paperwhite is much cheaper than the Colorsoft, but you can go even cheaper with the new vanilla Kindle. Its screen is smaller (6” vs. 7”), but is just as sharp – both panels have 300ppi pixel density and this generation has improved contrast. The reason to get the Paperwhite is the larger screen and the IPX8 rating, but whether those are worth the extra $50 is up to you.

    Amazon also upgraded the Kindle Scribe. This one is focused on reading documents and note-taking with its large 10.2” display (300ppi, B&W). It adds new AI features that can clean up your handwriting, convert your notes to digital text and summarize that into bullet points.

    We may get a commission from qualifying sales.

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  • Lower Decks bows out on business as usual

    Lower Decks bows out on business as usual

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    The following article discusses the fifth season of Star Trek: Lower Decks and older Treks.

    There’s no such thing as “dead” in Star Trek, the sprawling, perpetual opus that has thrived in spite of itself for almost sixty years. What started as a cornball space-ships and punch-fights show for atomic-age kids and their parents has become (gestures around) all this. So I’m not writing too much of an obituary for Star Trek: Lower Decks despite its fifth season being its last. Given Paramount’s fluid leadership right now, I can easily imagine that decision being reversed in the future. So this isn’t so much of a goodbye as a farewell for now.

    Lower Decks’ fifth season picks up not long after the fourth left off, with Tendi still repaying her debt to the Orions. I don’t think it’s a spoiler to suggest the status-quo reasserts itself soon after given, you know, all the other times this has happened. The crew of the Cerritos is then thrust into the usual sort of high-minded, lowbrow yet full of heart hijinks that we’ve come to expect. Naturally, I’m sworn to secrecy, but the fifth episode — where its title alone is a big spoiler — is a highlight.

    I’ve seen the first five episodes of the season and as with any sitcom, there are a few misses in between the hits. One episode in particular is trying to reach for an old-school Frasier plotline, but it falls flat given the thinness of the characters in question. Thankfully, Lower Decks is able to carry a weak show on the back of its central cast’s charm. Sadly, as it tries to give everyone a grace note, some characters you’d expect would get more focus are instead shunted to the periphery.

    You can feel Lower Decks straining against its own premise, too. A show about people on the lowest rung of the ladder can’t get too high. As a corrective, both Mariner and Boimler use this year as an opportunity to mature and grow. I won’t spoil the most glorious running gag of the season, but their growth comes in very different ways. If there’s a downside, it’s that the show still relies too much on energy-sapping action sequences to resolve its episodes.

    But that’s a minor gripe for a show that grew from the would-be class clown of the Trek world to the most joyful interpretation of its ethos. I’ve always loved how, when the chips are down, Lower Decks delights in the bits plenty of newer Treks would rather ignore. The show is, and has been, a delight to watch and something for the rest of the franchise to aspire toward.

    L-R, Jerry O’Connell as Jack Ransom and Jack Quaid as Boimler in season 5 of Lower Decks streaming on Paramount+, 2024. Photo Credit: Paramount+L-R, Jerry O’Connell as Jack Ransom and Jack Quaid as Boimler in season 5 of Lower Decks streaming on Paramount+, 2024. Photo Credit: Paramount+

    Paramount+

    I’ve been looking for a way to describe Lower Decks’ target audience for years, but only now has it hit me. It’s a show written by, and for, the people who grew up watching Star Trek in the VHS era. Creator Mike McMahan is just four years older than me, barely a teenager when The Next Generation went off-air. So while he’d have encountered Deep Space Nine and Voyager as first-run, everything else would have been discovered through re-runs and tapes.

    You can almost track that timeline of discovery as Lower Decks broadened its range of hat-tips each year it ran. Of course we got a parody of the first two Trek films in the first season — both were ever-present on Saturday afternoon TV when I was a kid — but it’s not until the third that we get a nod to First Contact. As Enterprise ran out of gas, you can feel McMahan and co’s delving into the behind-the-scenes lore and convention gossip about those later series.

    If you’ve seen , you’ll spot the gag about Harry Kim’s promotion, something the character never got on Voyager. If you’re fluent with Trek’s behind-the-scenes drama you’ll know the handful of reasons why, and why it’s funny to nod toward that now. But that’s not the only subtle gag that points a sharpened elbow into the ribs of major figures from the series creative team. I’m sure if you don’t spot them all, Reddit will have assembled a master list half an hour after each episode lands on Paramount+.

    L-R , Eugene Cordero as Rutherford and Tawny Newsome as Beckett Mariner in season 5 of Lower Decks streaming on Paramount+, 2024. Photo Credit: Paramount+L-R , Eugene Cordero as Rutherford and Tawny Newsome as Beckett Mariner in season 5 of Lower Decks streaming on Paramount+, 2024. Photo Credit: Paramount+

    Paramount+

    I won’t indulge in theorizing as to why a popular and successful show like Lower Decks is ending (it’s money, it’s always money). But, as we’ve seen countless times before, it’s not as if it’s hard to revive a successful animated show when wiser heads prevail. Hell, even McMahan told he’s prepared for that, and even has some spin-off ideas in the works. But for now, let’s raise a toast to Lower Decks, the animated sitcom that became the cornerstone of modern Star Trek.

    The first two episodes of Star Trek: Lower Decks season five will arrive on Paramount+, Thursday, October 24, with an additional episode landing each week for the successive eight weeks. The series and season finale will air on December 19.

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  • Helldivers 2’s Best Weapons And More Gaming Tips

    Helldivers 2’s Best Weapons And More Gaming Tips

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    A POI in the wilds of New World Aeternum

    Screenshot: Amazon Games / Kotaku

    A total overhaul for New World certainly wasn’t on everyone’s bingo sheet, but here we are, pleasantly surprised. New World Aeternum completely revamps the original game from the ground up, making MMORPG more user-friendly, approachable, and, in some spots, downright fun. With such a massive, open experience, new players may find themselves wandering aimlessly across the island. – Brandon Morgan Read More

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