Economics And Finance
Using Smartphones To Pay? That’s So Yesterday In China (#GotBitcoin?)
Chinese consumers can pay at some retail stores by simply looking into facial-recognition machines at checkout. Using Smartphones To Pay? That’s So Yesterday In China (#GotBitcoin?) Chinese technology giants have leapfrogged U.S. companies in popularizing mobile payments. Now, they are trying to get people to bypass their smartphones and make…
People Fleeing Global Economic Oppression Reaching A Staggering 71 Million (#GotBitcoin?)
According to a new U.N. report, nearly 1% of the world’s population was displaced at the end of 2018. People Fleeing Global Economic Oppression Reaching A Staggering 71 Million (#GotBitcoin?) The number of forcibly displaced people in the world reached almost 71 million at the end of last year, the…
Howey Schmowey – The Real Answer Is To Update Securities Regulations (#GotBitcoin?)
This month there have been two SEC enforcement actions that made headlines in the crypto community. One was the case against messaging platform Kik and their Kin token sale; the other was the action against holding company Longfin. In the first case, while investors lost money, it is unclear that…
Bond-Yield Plunge Confirms Imminent Recession (#GotBitcoin?)
Investors, companies and central banks are adjusting to the sudden drop in bond yields. Bond-Yield Plunge Confirms Imminent Recession (#GotBitcoin?) Negative interest rates have spread throughout Europe during the second quarter as growth concerns intensify. The collapse in bond yields since this spring has been stark, swift and global, upending…
Factory Output Slowdowns Cast A Dark Cloud Over Global Economy (#GotBitcoin?)
Slowdown in factory output worries policy makers at central banks. Factory Output Slowdowns Cast A Dark Cloud Over Global Economy (#GotBitcoin?) Manufacturing is faltering in the U.S. and a number of key economies around the world, darkening the outlook for the global economy and increasing the likelihood that central banks…
Rep. Waters Says Facebook’s Crypto ‘Can’t Compete With Dollar
The chair of the U.S. House Financial Services Committee is doubling down on her calls for Facebook to pause development on its new blockchain, Libra. Rep. Waters: US Can’t Let Facebook’s Crypto ‘Compete With The Dollar’ (#GotBitcoin?) Two days after calling for a hearing, Rep. Maxine Waters (D-Calif.) appeared on…
Smart-Home Tech As A Selling Point, Not A Cost Cutter
Smart thermostats, window blinds and kitchen appliances might not save buckets of money in the long run, but they can bump a home’s resale value. Smart-Home Tech As A Selling Point, Not A Cost Cutter (#GotBitcoin?) Homeowners Rick Alsagoff and Bruce Alton cut energy costs by the clock—and keep track…
Price of Gold, Indicator Of Inflation And Recession Surges (#GotBitcoin?)
Metal prices shot up Thursday, lifted by a weaker dollar, after the Federal Reserve admitted it had to lower interest rates in the coming months. Price of Gold, Indicator Of Inflation And Recession Surges (#GotBitcoin?) Gold futures rose 2.8% to $1,386.60 a troy ounce in New York, putting the securities…
Investors Are Buying More of The U.S. Housing Market Than Ever Before (#GotBitcoin)
Their interest poses a challenge for millennials and other first-time buyers. Investors Are Buying More of The U.S. Housing Market Than Ever Before (#GotBitcoin) Investor purchases of U.S. homes have climbed to an all-time high, a sign that rising home prices have done little to dampen demand for flipping homes…
Federal Reserve Money-Printing Results In $14Tril. Of U.S. Consumer Debt (#GotBitcoin)
U.S. Consumer Debt Is Now Breaching Levels Last Reached During The 2008 Financial Crisis. Federal Reserve Money-Printing Results In $14Tril. Of U.S. Consumer Debt (#GotBitcoin) U.S. Consumer Debt Hit $14 Trillion In The First Quarter Of 2019 Consumer debt is growing to worrisome levels. Ben Mohr, senior research analyst of…
Trumponomics Causes U.S. Housing Starts To Decline
May’s 0.9% drop is new sign of weakness in the housing market. Trumponomics Causes U.S. Housing Starts To Decline In May (#GotBitcoin?) A gauge of U.S. home building declined in May, a fresh sign of weakness in the housing market. Housing starts fell 0.9% in May from the prior month…
Rewarding Banks For Combating Climate Change (#GotBitcoin?)
Banks should get Bitcoin for climate-adaptation loans under Community Reinvestment Act. Rewarding Banks For Combating Climate Change (#GotBitcoin?) The Federal Reserve Bank of San Francisco should give Banks Bitcoin for making loans that help communities adapt to climate change and prepare for future natural disasters. A paper released on Monday…