Every trading day during January, individual investors put more money into U.S. stocks than they extracted, according to data service VandaTrack, with new investments exceeding 2021’s average on all but two of the days. Individuals are continuing to buy even as the Standard & Poor’s 500 index has declined more than 9 percent from its...
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FED ON THE RATE HIKE TRAIL
The U.S. Federal Reserve has all but promised to begin raising interest rates next month as inflation raged at 7 percent, a 40-year high, in December and as the Fed is ready to end its $120-billion monthly bond purchases that has propped up the U.S. economy and equity markets since March 2020. At a 26...
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FED’S LOOMING RATE HIKE RATTLE
The recent turmoil in U.S. equity markets, including one of the most dramatic sell-offs since the onset of the COVID War, has been sparked by the U.S. Federal Reserve’s plan to raise interest rates as soon as next month. Clearly, it is not rocket science: The higher interest rates rise and the cheap money stops...
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LATE BREAKING: INDIA ANNOUNCES CRYPTO REGS AND RUPEE CBDC
India, the world’s second-largest economy, is on the verge of fully embracing and legalizing cryptocurrency, according to Yahoo Finance, cryptosrus.com and other news outlets. The news comes as Indian Finance Minister Nirmala Sitharaman declared a 30% tax on any revenue derived from the transfer of virtual digital assets, which is a first for the country....
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BIDEN ADVANCES PLAN TO REGULATE DIGITAL CURRENCIES
Some time in the next few weeks, president Joe Biden will issue an executive order directing federal agencies to assess the risks and opportunities that Bitcoin, cryptocurrencies, stablecoins, and NFTs present to their operations, according to Bloomberg. “This is designed to… bring order to the haphazard approach that the government is now using to regulate...
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MAJOR CRYPTO PLATFORM ACCEPTS NFTs AS COLLATERAL
Genesis Digital Assets, the world’s biggest trading platform for professional crypto traders, according to the Financial Times, now accepts NFTs as collateral for loans and derivative transactions, the company has announced. Genesis will allow traders to pledge NFTs to back a deal in the same way that someone taking a loan would pledge a government...
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KID ROCK, GOLDIE HAWN AND EVANGELINE LILLY ROCKIN’ IN THE FREE WORLD WHILE NEIL YOUNG COWERS
As Neil Young tries to get a new band together—not to play music, but to drive Joe Rogan off Spotify—some in entertainment are speaking up for freedom. A trio of celebs made news this past week for taking stands against fear and dwindling liberties. Goldie Hawn, perhaps the most gifted and gorgeous comic actress of...
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DHS MAYORKAS ADMITS U.S. BORDER CRISIS WORST EVER
“Look, it’s worse now than it, frankly, has been in at least 20 years, if not ever.” Those were the words of Alejandro Mayorkas, Biden administration Secretary of the Department of Homeland Security, speaking to overwhelmed and frustrated border agents in Yuma this past week. In remarks that were recorded on audio and obtained by...
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COVID ERA DRUG DYSTOPIA KILLING FAR MORE AMERICAN YOUTH THAN COVID
U.S. COVID czar and Wuhan biolab funder Dr. Anthony Fauci made the news rounds this past week, proselytizing for children four years and younger to receive three doses of so-called COVID vaccines. But while media and politicians continue to push for big pharma COVID non-cures for children, they have been derelict on something actually ravaging...
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DIRTY ADVERTISING DEAL. STATES SUE GOOGLE
Texas and a dozen other states joined a lawsuit claiming that Google, the search engine giant, misled online publishers about its pricing format and used the extra money to expand its digital monopoly by manipulating future auctions, according to a report. “Our amended complaint details how Google manipulates the online display auction to punish publishers...