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‘Big Short’ Investor Michael Burry Says ‘the Fed Has No Intention of Fighting Inflation’
15.4.2022
Hedge fund manager Michael Burry, famed for forecasting the 2008 financial crisis, says that the Federal Reserve “has no intention of fighting inflation.” He added that the Fed’s “Serial half-point hikes are for getting elevation before stocks and the consumer...
ECB to Cease Bond Purchases in Q3, Lagarde Says EU’s Economic Rebound ‘Crucially Depends on How the Conflict Evolves’
14.4.2022
After the inflation rate in the eurozone reached a high of 7.5% in March, the European Central Bank (ECB) and the bank’s president Christine Lagarde explained on Thursday the central bank’s bond purchases will cease in Q3. Reiterating what she said at a press conference in Cyprus...
Bitcoin Fluctuates as European Central Bank Offers Cautious Tone on Monetary Policy Tightening
14.4.2022
The European Central Bank (ECB) said it will stick to its plan to end its stimulus program and tighten monetary policy, but kept options open in light of uncertainty over the economic impact of the war in Ukraine. Bitcoin (BTC) reacted by moving slightly higher on the news before correcting...
Inflation Rises Sharply in the US as Consumer Prices in March Spiked to 8.5%
12.4.2022
Inflation in the U.S. continues to remain red hot as consumer prices last month increased sharply to 8.5% in March compared to the same month last year. Metrics show the Bureau of Labor Statistics’ (BLS) Consumer Price Index (CPI) spiked last month at the fastest pace since December 1981....
US Inflation Hits 8.5%, Slightly Higher Than Expected
12.4.2022
US headline inflation for March came in at 8.5%, slightly above analysts’ expectations. The number is up markedly from February’s reading of 7.9%. (This is a developing story and is being updated as new details and reactions emerge.)...
Read More: US Inflation Hits 8.5%, Slightly Higher Than...
Bitmex Co-Founder Arthur Hayes Says Bitcoin Could Drop to $30K Amid a Stock Market Rout
11.4.2022
The co-founder and former CEO of Bitmex, Arthur Hayes, has published a new blog post concerning the current state of cryptocurrency markets. Hayes says currently there’s an inability to recognize the cyclical nature of markets and the “inconvenient truth” that is crypto is...
Russia’s Central Bank Slashes Benchmark Rate, Pegs RUB to Gold — Ruble Rebounds to Pre-War Levels
9.4.2022
Amid the Ukraine-Russia conflict, the Russian ruble has managed to rebound despite the strict sanctions imposed against the Russian Federation. The country’s central bank has taken a few steps to protect the nation’s currency as the Bank of Russia revealed a fixed price for gold...
Bank of America Strategist Warns ‘Recession Shock’ Is Coming, Analyst Says Crypto Could Outperform Bonds
8.4.2022
On Friday, Bank of America’s (BOFA) chief investment strategist Michael Hartnett explained in a weekly financial note to clients that the U.S. economy could head into a recession. The BOFA strategist’s note further detailed that cryptocurrencies could outperform bonds and stocks. BOFA...
Get ‘Mentally Ready’ for Lower Bitcoin Prices as Rates Rise, Bitcoin 2022 Panelists Warn
8.4.2022
The macroeconomic landscape for bitcoin (BTC) could become more difficult to navigate as the US Federal Reserve continues to raise interest rates. However, bitcoin is the only way to transition to a new monetary standard, panelists at a discussion on the current macro backdrop at Bitcoin 2022...
‘New Inflationary Era’ Upon Us, Central Bank Action Will be Unpopular – BIS’ Carstens Warns
5.4.2022
The return to inflation in the world means that real interest rates need to rise into positive territory, but with historically high levels of debt, such a move by central banks will not be popular, the Bank for International Settlements’ (BIS) head Agustín Carstens warned....
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Razer's Headquarters Looks Like One Of Its Gaming Peripherals
5.4.2022
Razer is known for its black-and-green gaming keyboards, headsets and desktops. And now, add regional headquarters to that illuminated list. Pointed out by VR dev Kenji Iguchi in a now-viral tweet, Razer’s new Southeast Asia headquarters is the most Razer-y thing imaginable. I mean, just look...
European Inflation Skyrockets to Record 7.5% — ECB Chief Lagarde Expects Energy Prices to ‘Stay Higher for Longer’
3.4.2022
While inflation continues to roar in the U.S., the inflation rate in the eurozone tapped another high last month reaching 7.5% in March. Energy and food prices have soared throughout the 19 member state economies, and ​​European Central Bank president Christine Lagarde expects energy...
Vaneck Report Calculates Bitcoin Price Could Tap $4.8M if BTC Becomes the Global Reserve Currency
2.4.2022
On Thursday, the investment firm Vaneck published a blog post that calculates how much gold or bitcoin would be worth if the two assets became global reserve assets. Vaneck’s report explained that the investment team “attempted to quantify the emergence of new gold or bitcoin-backed...
US Bond Markets Signal Economic Downturn, Trend Forecaster Says if War Ensues ‘Odds of Recession Increase’
1.4.2022
As Americans continue to deal with rising inflation, on Tuesday the spread between 2-year and 10-year Treasury yields inverted, signaling the U.S. economy may be headed for a recession. This week, a myriad of financial reports have noted that the U.S. dollar’s reserve currency status could...
Biden Administration Lowballs Inflation Predictions, Report Says Americans Are ‘Fixated’ on Dollar Value
29.3.2022
As inflation continues to wreak havoc on American wallets, the U.S. dollar’s lack of purchasing power has been affecting nearly every U.S. resident’s spending decisions. On Monday, U.S. president Biden and his administration predicted lower inflation forecasts as officials announced...
Ukraine War’s Surprising Links to the 2008 Financial Crisis – and the Parallels With 1939
27.3.2022
Ronen Palan, Professor of International Politics, City, University of London.___
The historical parallels are uncanny. A decade or so after the two most devastating financial crises in modern capitalism, in 1929 and in 2008, a terrible conflict begins in Europe that threatens to draw in...
Satoshi Island, Thailand vs. Crypto, NFT Fraud + More News
25.3.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Read More: Satoshi Island, Thailand vs. Crypto, NFT Fraud + More News
War in Ukraine to Make Countries Rethink Currency Dependencies - BlackRock CEO
24.3.2022
The war in Ukraine will make countries “re-evaluate their currency dependencies,” with work on digital currencies likely to be accelerated, according to Larry Fink, CEO and Chairman of the major asset manager BlackRock.
Writing in a letter to shareholders published on Thursday, Fink said that...
The Fed Could Take 10 Years to Get Inflation Under Control, Says Almonty Industries CEO
24.3.2022
The CEO of Almonty Industries has warned that it could take the Federal Reserve 10 years to get inflation under control if they do not act now and stop spending money. “And they need to raise rates. That’s the only tool that works,” he said. Federal Reserve Could Take a Decade...
Billionaire Carl Icahn Predicts a Recession or Worse — Says ‘There’s No Accountability in Corporate America’
24.3.2022
Billionaire Carl Icahn, the founder of Icahn Enterprises, has predicted that the U.S. economy could be heading into “a recession or even worse.” The famous investor warned of “a lot of trouble ahead” and “a rough landing.” Billionaire Carl Icahn Predicts...