Would you watch your capital dwindle away
under bearish conditions, or would you cash out?
Not exact matches
Hence those who believe in a low rate will consent to pay high prices for bonds... while those who believe in a high rate will insist on low prices... Thus investors will be bullish or
bearish on bonds according to whether they believe low or high interest rates to be suitable
under prevailing economic
conditions.
The data is unambiguous on current economic
conditions - GDP growth in the last quarter of 2015 was a meager 2.11 % with full year growth of 2.79 % according to the National Bureau of Statistics (NBS); inflation rose sharply to 11.4 % in February with prospects of reaching 12 % by March; capital markets have remained
bearish; according to UNCTAD Nigeria's FDI fell by 27.7 % to $ 3.4 billion in 2015, and on current trends may fall even more precipitously in 2016; the de facto exchange rate of the Naira for most producers and consumers is now N322 / $ even though CBN maintains a nominal N197 / $ for privileged persons; several economic sectors - construction, government, manufacturing, oil and gas and hotels and restaurants are in recession or barely out of it; government's official foreign reserves is down to $ 27.8 bn; and unemployment and
under - employment rates have worsened 10.4 % and 18.7 % by the end of 2015.
The much - feared technical indicator (
bearish crossover between the 50 - day moving average (MA) and the 200 - day MA) was confirmed over the weekend, but, as anticipated by CoinDesk, the oversold
conditions seem to have put a floor
under bitcoin prices.
Perhaps a bi-product of the overly
bearish market
conditions, these developments appear to have gone largely unacknowledged by the crypto community; buried
under the ever - fruitful cryptocurrency news cycle.