Economics And Finance
Central Bank Rate Cuts Mean ‘World Has Gone Zimbabwe’
Zimbabwe-style mayhem is a possible outcome from a flood of cheap money hitting the global economy, warns MMCrypto. Central Bank Rate Cuts Mean ‘World Has Gone Zimbabwe’ Bitcoin (BTC) supporters are watching as almost every central bank in the world lowers interest rates and the global fiat money supply skyrockets.…
China Discovers 4% Of Its Reserves Or 83 Tons Of It’s Gold Bars Are Fake (#GotBitcoin?)
The city of Wuhan, China, is hitting the headlines again – this time as the place of origin for what could be one of the largest gold counterfeiting scams in recent times. China Discovers 4% Of Its Reserves Or 83 Tons Of It's Gold Bars Are Fake (#GotBitcoin?) Wuhan Company…
Class Action Lawsuit Alleges Visa Subsidiary Violated Privacy And Data Protections Of Venmo, Stripe, Square’s Cash App, Robinhood & More
A new class action alleges that Plaid, which Visa recently bought for over $5 billion, had unparalleled access to the financial information of millions of users. Class Action Lawsuit Alleges Visa Subsidiary Violated Privacy And Data Protections Of Venmo, Stripe, Square’s Cash App, Robinhood & More June 25, a new…
Private Equity’s Trillion-Dollar Piggy Bank Holds Little For Struggling Companies (#GotBitcoin?)
Barriers stand between buyout firms’ cash pile and the businesses in need that they own. Private Equity’s Trillion-Dollar Piggy Bank Holds Little For Struggling Companies (#GotBitcoin?) The mountain of cash held by private-equity firms is turning out to be a mirage for companies they own that are struggling due to…
Fed Stress Test Finds U.S. Banks Not Healthy Enough To Withstand “Few Quarters” Economic Downturn
In its annual stress test, the Fed said the nation’s biggest banks are healthy but could suffer 2008-style losses if the economy languishes. Fed Stress Test Finds U.S. Banks Not Healthy Enough To Withstand "Few Quarters" Economic Downturn The Federal Reserve on Thursday said a prolonged economic downturn could saddle…
Elizabeth Warren Was Right About Whacky Stockmarket Fundamentals (#GotBitcoin?)
"Finance is, like, done. Everybody’s bought everybody else with low-cost debt", says ValueAct co-founder Jeff Ubben. Elizabeth Warren Was Right About Whacky Stockmarket Fundamentals (#GotBitcoin?) "Companies, as governed today, with investors asking for more current returns and more buybacks and so forth, aren’t working for society or nature," Ubben tells…
US Banks Have Seen A Record $2 Trillion Surge Of Deposits Since The Coronavirus Crisis Began
A record $2 trillion of cash has been piled into the deposit accounts of US banks since the coronavirus pandemic first hit the country in January, according to data from FDIC. US Banks Have Seen A Record $2 Trillion Surge Of Deposits Since The Coronavirus Crisis Began [embed]https://www.youtube.com/watch?v=X6-Gx8A76oc[/embed] In the…
Industry Leaders Launch PayID, The Universal ID For Payments (#GotBitcoin?)
Multinational alliance of industry leaders including GoPay, Ripple, Blockchain.com, Brave, Flutterwave, and Mercy Corps unveil an open-source solution to unite payments, reaching over 100M consumers. Industry Leaders Launch PayID, The Universal ID For Payments (#GotBitcoin?) Today, leading technology, finance and nonprofit companies join forces to announce the launch of PayID,…
How Cryptocurrency Can Help In Paying Universal Basic Income (#GotBitcoin?)
The utopian idea of universal basic income — which has been with humanity for at least half a millenia — can become real with digital currency. How Cryptocurrency Can Help In Paying Universal Basic Income (#GotBitcoin?) Due to the crisis caused by COVID-19, millions of people have lost all or…
Peak Shipping Season Runs Aground As Ocean Lines Pull Capacity
Bloated inventory levels and low import expectations have container lines canceling sailings when carriers and retailers are usually bulking up for the fall. Peak Shipping Season Runs Aground As Ocean Lines Pull Capacity Ocean container lines are bracing for muted demand during the usual peak shipping season heading into the…
What They Will Not Tell You About The Sudden Rise In May Retail Sales! (#GotBitcoin?)
No ones is talking about consumer, corporate or government debt reduction. Hmmm? What They Will Not Tell You About The Sudden Rise In May Retail Sales! (#GotBitcoin?) Consumers spent their stimulus and extended unemployment benefits just as quickly they get it. What happens when that money and extended unemployment runs…
Order Types, Explained (#GotBitcoin?)
Order types exist so that a person who submits an order to buy or sell assets retains some control over their order after it has entered the marketplace. Order Types, Explained (#GotBitcoin?) 1. Why Do We Need Different Order Types? Ultimately, they exist so that a person who is buying…