Economics And Finance
Central Banks Are In Sync On Need For Fresh Stimulus (#GotBitcoin?)
It is unclear whether fine-tuning rates will be enough to revive decade-old expansions. Central Banks Are In Sync On Need For Fresh Stimulus (#GotBitcoin?) Central banks world-wide are poised to unleash some of the most aggressive monetary stimulus since the financial crisis a decade ago. But the circumstances are different…
Weak Corporate Earnings Signal A Weak Economy (#GotBitcoin?)
Tepid results from multinationals don’t necessarily signal trouble at home. Weak Corporate Earnings Signal A Weak Economy (#GotBitcoin?) American companies are reporting second-quarter results, and the numbers so far have been nothing to write home about. Based on current estimates compiled by FactSet, earnings for companies in the S&P 500…
Extreme Frugality Equals Financial Freedom For FIRE Family
These Early Retirees Bought Their ‘Disgusting’ House In Montana With Cash And Budget Less Than $1 A Pound For Food. Extreme Frugality Equals Financial Freedom For FIRE Family Some may say Jillian Johnsrud has a frugal lifestyle, but, if you ask her, she’d say she’s living the dream. Johnsrud, who…
IMF: Network Effects Could Spark Blaze of Crypto-Currency Adoption (#GotBitcoin)
The International Monetary Fund (IMF) has argued that network effects could spark the blaze for the mass adoption of new digital monies. IMF: Network Effects Could Spark Blaze of Crypto-Currency Adoption (#GotBitcoin) In a fresh report published on July 15, the IMF aims to create a conceptual framework for categorizing…
Global Bank Run Starts With Deutsche Bank As Clients Pull $1 Billion A Day (#GotBitcoin?)
There is a reason James Simons’ RenTec is the world’s best performing hedge fund – it spots trends (even if they are glaringly obvious) well ahead of almost everyone else, and certainly long before the consensus. Global Bank Run Starts With Deutsche Bank As Clients Pull $1 Billion A Day…
Wave of Hispanic Buyers Boosts U.S. Housing Market (#GotBitcoin?)
Homeownership rate for Hispanics has increased more in recent years than any ethnic group. Wave of Hispanic Buyers Boosts U.S. Housing Market (#GotBitcoin?) Hispanics are experiencing the largest homeownership gains of any ethnic group in the U.S., a turnaround for the population hardest hit by the housing bust that could…
Unemployment Rate Calculation Has Issues (#GotBitcoin)
The Federal Reserve is paying attention. “We don’t have any basis or any evidence for calling this a hot labor market,” Fed Chairman Jerome Powell said Wednesday on Capitol Hill. He pointed to slow wage growth and said, “to call something hot, you need to see some heat.” Unemployment Rate…
US Sanctions On Bitcoin Inevitable or Impossible To Implement (#GotBitcoin)
If there's one thing the United States has had a history of, it's imposing sanctions on its enemies. US Sanctions On Bitcoin Inevitable or Impossible To Implement (#GotBitcoin) Venezuela, Cuba, North Korea, Russia and numerous other nations have been subject to restrictions and penalties over the years, with the U.S.…
Trump Promises Not Kept As Manufacturing Fails To Return To US (#GotBitcoin?)
The A.T. Kearney analysis suggests manufacturing moved from China to other Asian countries as tariffs rose last year. Trump Promises Not Kept As Manufacturing Fails To Return To US (#GotBitcoin?) For those companies that are looking at bringing manufacturing back to the U.S., Mr. Sutherland said those efforts tend to…
US Lawmaker Reintroduces ‘Safe Harbor’ Crypto Tax Bill In Congress (#GotBitcoin?)
United States Congressman Tom Emmer has reintroduced his Safe Harbor for Taxpayers with Forked Assets bill, according to a press release published July 9. US Lawmaker Reintroduces ‘Safe Harbor’ Crypto Tax Bill In Congress (#GotBitcoin?) The reintroduced version of the bill appears to have been published on July 3, based…
Fed Makes It Easier For Banks To Pass Stress Tests (#GotBitcoin)
The Fed recently made it easier for banks to pass the stress tests, easing a “qualitative” component of the exam that evaluates banks on factors such as the quality of its internal data and management controls. Fed Makes It Easier For Banks To Pass Stress Tests (#GotBitcoin) Related: Fed To…
EU Central Bank Won’t Add Bitcoin To Reserve Saying It’s Not A Currency (#GotBitcoin?)
The European Central Bank (ECB) doubled down on its dismissive stance on bitcoin (BTC) July 9, refusing to recognize it as currency in a Q&A session. EU Central Bank Won’t Add Bitcoin To Reserve Saying It’s Not A Currency (#GotBitcoin?) Responding to a private query as part of its regular…