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Economics And Finance

Archegos Liquidation ($25Billion To Zero) Hits Nomura, Credit Suisse And Other Banks

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Banks’ shares tumble amid pain over losses at firm run by former Tiger Asia manager Bill Hwang. Archegos Liquidation ($25Billion To Zero) Hits Nomura, Credit Suisse And Other Banks A fire sale of stocks from a large U.S. investor slammed global investment banks Credit Suisse Group AG and Nomura Holdings…

Does BlockFi’s Risk Justify The Reward?

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Despite the company’s strong business model and experienced leaders, there are significant risks customers need to understand. Does BlockFi’s Risk Justify The Reward? With the cryptocurrency market as hot as it has ever been, several of the most established companies in the space have made plans to go public. Although…

Fed To Hike Rates In 2023 But Dots Won’t Show It, Economists Say

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A strong recovery from the Covid-19 recession is likely to prompt Federal Reserve Chair Jerome Powell and his colleagues to lift interest rates in 2023, but that isn’t going to show up in their forecasts this week, a survey showed. Fed To Hike Rates In 2023 But Dots Won’t Show…

BofA Is Ready To Compete With “Bank Of Walmart” And Other Tech Startups, CEO Says

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Bank of America Corp. is confident in its growth prospects even as competition intensifies from fintechs including Walmart Inc.’s startup. BofA Is Ready to Compete With Bank Of Walmart And Other Tech Startups, CEO Says “I respect every competitor, I don’t fear any competitor,” Bank of America Chief Executive Officer…

Goldman Sachs (And Other Banks) Sacrifice Pandemic Loans To Small Businesses And Boosts Dividend Payouts

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The Senate Banking Committee is questioning whether Goldman Sachs Group Inc. paid dividends at the expense of lending to businesses and households during the pandemic as lawmakers take a broad look at the support big banks offered clients to get through the economic slump. Goldman Sachs (And Other Banks) Sacrifice…

IRS Failed To Collect $2.4 Billion In Taxes From Millionaires

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The Internal Revenue Service has failed to collect more than $2.4 billion dollars from wealthy individuals who owe the federal government back taxes, according to a Treasury Department watchdog report. IRS Failed To Collect $2.4 Billion In Taxes From Millionaires Auditors were only able to recoup about 39% of the…

Ultimate Resource For Biden’s Infrastructure Plans

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Biden Is Betting His Whole Climate Agenda On Infrastructure. Ultimate Resource For Biden's Infrastructure Plans With the latest round of stimulus, clean energy advocates have been told yet again that it’s not their turn. Candidate Joe Biden rode into the White House promising to build back the economy after the…

If 60/40 Recipe Sours, Maybe Stir In Some Bitcoin

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With government bonds no longer offering a buffer against a drop in equities, investors will have to get more creative. If 60/40 Recipe Sours, Maybe Stir In Some Bitcoin The 60/40 portfolio has been a mainstay of investing for years. After all, it’s been a winning defensive strategy — allocate…

Explaining Bitcoin’s Speculative Attack On The Dollar

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The DNA that underpins bitcoin and the dollar sets these assets on diverging paths, creating incentive to borrow dollars and buy bitcoin. Explaining Bitcoin’s Speculative Attack On The Dollar Performance Of Various Asset Types Over Time Not all assets are created equal. Some appreciate in value, some lose value over…

The Stocks Rotation Ride Is Real, And Violent

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There’s no room left for doubt that a major shift is under way. The Stocks Rotation Ride Is Real, And Violent Rotation, Rotation, Rotation Last November, when excellent vaccine test results sparked a surge in stocks that had suffered most from the pandemic lockdown, it was still possible to doubt…

Weak Government Bond Sales Raise Flags Across The Globe

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South Africa’s weakest bond auction this year spells trouble for the government’s plans to reduce debt costs. Weak Government Bond Sales Raise Flags Across The Globe The lowest demand since Dec. 1 raises concerns that the Treasury may struggle to finance its budget deficit in a macro environment of rising…

Pro Traders Avoid Bitcoin Longs While Cautiously Watching DXY Strengthen

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Large corporations are buying Bitcoin at an accelerating pace, but pro traders are reluctant to open BTC longs while the dollar index strengthens. Pro Traders Avoid Bitcoin Longs While Cautiously Watching DXY Strengthen Bitcoin (BTC) price might have re-established $50,000 as a support, but the optimism of professional traders is…