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How Technocommunism Will Institute The CBDC: The Central Bank Game Plan In Under 3 MinutesAug 3, 2022 - 08:32:01 PDT
The entire global financial system is now essentially a technocommunist black ops money laundering crime scene.
‘Anchorman’: Despite the fact that the Fed just said it will drop its forward guidance (as well as saying that 25bps, 50bps, 75bps, and even 100bps hikes are all possible in September), yesterday saw Fed speakers give clear forward guidance that they are far from making a dovish pivot.
Federal Reserve Bank of St. Louis President James Bullard said he favors a strategy of “front-loading” big interest-rate hikes, and repeated he wants to end the year at 3.75% to 4% to counter the hottest inflation in four decades.
Aug 3, 2022 - 07:55:52 PDT
The bill that is set to proposed would create a definition of "digital commodity."
Michael Saylor Steps Down As MicroStrategy CEO, Company Takes $917 Million Charge on BitcoinAug 3, 2022 - 07:45:42 PDT
At the end of Q2, the carrying value of MicroStrategy’s digital assets (comprised of approximately 129,699 bitcoins) was $1.988 billion, which reflects cumulative impairment losses of $1.989 billion since acquisition and an average carrying amount per bitcoin of approximately $15,326, the company said in a statement.
Shipping Firm Maersk, a Barometer for Global Trade, Warns of Weak Demand and Warehouses Filling UpAug 3, 2022 - 07:35:14 PDT
AP Moller-Maersk on Wednesday forecast a slowdown in global shipping container demand in 2022 amid weakening consumer confidence and supply chain congestion.
Aug 3, 2022 - 07:29:26 PDT
Balances now stand at $16.15 trillion and have increased by $2 trillion since the end of 2019, just before the pandemic recession.
Services PMI Signals "Strong Likelihood" Of 3rd Straight Quarterly US GDP ContractionAug 3, 2022 - 07:26:15 PDT
After both ISM and S&P Global Manufacturing Surveys showed continued weakness in July, analysts expected both Services Surveys to show further deterioration also - they were right and wrong
Analysts expected US Factory Orders to rise in June for the 9th straight month and they did, surging 2.0% MoM (far better than the +1.2% expected) and accelerating from the upwardly revised +1.8% MoM in May)...
Gold prices advanced on Wednesday as the dollar fell and U.S.-China tensions rose, although firmer U.S. Treasury yields capped gains in the non-yielding asset to hold it below a one-month high hit in the last session.
Nancy Pelosi departed Taiwan this morning after reiterating her support for the island. This resulted in Chinese anger, as Beijing threatens trade and military retaliation. Here's everything you need to know about China's response in regard to shipping and trade.
Aug 3, 2022 - 06:00:45 PDT
The Kremlin threatened Tuesday to break off diplomatic relations with Washington if the U.S. declares Russia a sponsor of terrorism. Russian Foreign Ministry spokeswoman Maria Zakharova called the proposed designation "naive" and a violation of international law. "The logical result of such a step becomes a break in diplomatic relations," she said. "Washington risks finally crossing...
Zoltan Pozsar: Powell Will Push The Economy Into A "Depression" To Curb Inflation Aug 3, 2022 - 05:52:47 PDT
Zoltan was also confident that "lower risk assets won’t kill growth" and his solution to contain inflation and "to improve labor supply, the Fed might try to put volatility in its service to engineer a correction in house prices and risk assets – equities, credit, and Bitcoin too…" In short: crash everything.
We review the current inflation to help determine if its transitory or persistent. Lasting inflation is an enemy to asset prices.
That's because both central banks, despite battling the stiffest inflation rates in decades, began their current efforts with considerably more credibility than their counterparts in the 1970s and '80s, Bullard said in remarks prepared for delivery to a gathering of the Money Marketeers of New York University. In the Fed's case, that resulted in severe back-to-back recessions in the early...
Major developed and emerging market central banks around the globe delivered nearly 1,200 basis points in interest rate hikes in July alone, ramping up their fight against multi-decade high inflation with Canada surprising markets with an outsized move. Central banks overseeing five of the 10 most heavily traded currencies delivered 325 basis points of rate hikes between them...
The three-month London interbank offered rate for dollars climbed to a nearly 14-year high as traders brace for steady interest-rate hikes from the Federal Reserve, backing away from speculation the central bank will ease up as the economy shows signs of cooling.
Turkish inflation accelerated again and may be months away from peaking, soaring to levels unseen since 1998 as the central bank sticks with its ultra-loose monetary course.
European Central Bank officials appear to have deployed billions of euros in bond purchases to shield Italy and other southern euro members since activating their first line of defense a month ago to keep speculators at bay.
Federal Reserve officials effectively pushed back against a narrative in financial markets over the past week that policy makers are envisioning a pivot away from tightening amid evidence of a turn in the economy.