Is the Sky falling for Crypto Currencies?

Dear PGM Capital Blog reader, On Wednesday, November 14, things turned south for crypto currencies, with an average drop of approx. between 10 – 14 percent of their respective market capitalization. INTRODUCTION: A cryptocurrency (or crypto currency) is a digital or virtual currency that uses cryptography for security. Many cryptocurrencies are decentralized systems based on blockchain technology, a distributed ledger enforced by a[…]

Baidu and Alibaba Reported financial reports

Dear PGM Blog reader, In this weekend blog article, we want to take the opportunity to discuss with you, the Q3-2018 financial results of Baidu and Alibaba, reported respectively on Tuesday, October 30 and Friday November 2, 2018. ALIBABA Q3-2018 FINANCIAL RESULTS: Alibaba, (NASDAQ: BABA) the Chinese equivalent of Amazon, reported stronger-than-expected Q3-2018 earnings of US$[…]

Canada Legalized Recreational Marijuana on October 17, 2018

Dear PGM Capital Blog readers, On Wednesday, October 17, Canada became the first major world economy, and the second country in the world, after Uruguay, to legalize marijuana. INTRODUCTION: Cannabis was banned in Canada from 1923 until regulated medical cannabis became legal in 2001. In response to popular opinion, Justin Trudeau, the leader of the Liberal Party of[…]