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The Global Financial Crisis (GFC) is academically attributed to changes in accounting rules. What does valuation entail? Bitcoin is a speculative asset. Can the concept of asset valuation truly be applied? Just as one cannot apply accounting rules to gold, there should be no rules imposed on Bitcoin.
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Has the price of lithium hit rock bottom?
US Retail sales were weaker than expected indicating an earlier rate cut by the Federal Reserve may be warranted. However, the data were mixed, with stronger data from regional manufacturing indexes and improved confidence amongst homeowners.