Central banks are in a frenzy over what to do about decentralized blockchains, as they realize now just how much of a sea change they represent. The trouble for oldline powers is that “cypherpunk” talent that started the revolution has had a 10-year jump in creating their vision, and they have no intentions of ceding...
Tag: jul 27 2021
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WILL FED CUT BOND PURCHASES EARLY NEXT YEAR?
The U.S. Federal Reserve will begin to pare back its $120-billion-a-month bond purchasing program in the first quarter of next year, according to a Bloomberg poll of 51 economists. A slim majority thinks the Fed will taper off its $40-billion monthly purchases of mortgage-backed securities faster than its purchase of government and corporate bonds. Some...
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LABOR DAY: FALSE HOPES OF COMMUTER ECONOMY
Commercial landlords and others who depend on the “office economy” have high hopes for fall, now that many employers have set Labor Day as the marker when employees must return to central offices. Businesses from clothiers to skin-care retailers and food trucks are preparing to resume life as it was before the COVID War, which...
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FRENCH FIGHTING AGAINST FORCED VAXX
In mid-July, French President Emmanuel Macron mandated COVID-19 vaccinations for all health workers. Macron also announced that, starting 1 August, adults must have a “health pass” in order to access restaurants, cafes and shops as well as trains, planes and other public venues. Starting 30 September, the same pass will be required of anyone over...
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THE GEOPOLITICS OF BITCOIN
When China banished Bitcoin, it signaled more than just a crackdown against insurgent economic activity. China’s system cannot take advantage of the decentralized blockchain revolution, because their political, and increasingly, their economic vision is directly opposed to the decentralization and autonomy literally embodied in the code of blockchain protocols. The U.S. and the western nations...
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IS INFLATION “CONTAINED?”
By Gregory Mannarino TradersChoice.net Just last week we heard from the Chairman of the Federal Reserve Jerome Powell, and he said again that he is not concerned about the rising cost of living because he believes “inflation is not widespread.” Note the choice of words here, “inflation is not widespread,” therefore he believes it is...
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U.S. MARKET OVERVIEW
MARKETS RALLY AFTER MONDAY PLUNGE TO SET NEW RECORDS After a 725-point plunge on Monday, 19 July, the Dow Jones Industrial Average rallied through the week to close above 35,000 for the first time. Despite concerns that the Biden Bounce would slow down as the Delta variant fears sped up, other indexes also rose on...