Independent thinking for complex markets and current events
Stefan Thomas lost the password to an encrypted USB drive holding 7,002 bitcoins. One team of hackers believes they can unlock it—if they can get Thomas to let them. At 9:30 am on a Wednesday in late September, a hacker who asked to be called Tom Smith sent me a nonsensical text message: “query voltage …
by confoundedinterest17 Bidenomics is a windfall for the donor class (high rate of return on campaign contributions) while the middle class gets beaten to a pulp. Waiting for Biden to lean over and creepily whisper “It’s working!” Even though it is clearly not working, at least for the middle class. Evidence that Bidenomics is not …
H/T: @TaviCosta — Barchart (@Barchart) October 10, 2023 Paul Tudor Jones: The U.S. Is Moving Towards an “Untenable Fiscal Position.” Favors Gold & Bitcoin Hedge fund magnate Paul Tudor Jones expressed concerns over increasing geopolitical risks and the U.S.’s rising debt, making stocks less appealing. Speaking on CNBC’s Squawk Box, he highlighted the precarious U.S. …
via naturalnews: In a move that many are welcoming as a positive sign for the future of cryptocurrency, the U.S. Securities and Exchange Commission (SEC) has added an application from BlackRock for a spot Bitcoin ETF to its official docket. BlackRock is the biggest asset management firm in the world, and its application, which was …
by confoundedinterest17 I am anxiously waiting for the US inflation report tomorrow, so I am just looking at the US Treasury yield curve, mortgage rates and cryptos today. The US Treasury 10Y-2Y yield curve stumbled (just like Biden and Bidenomics) to -91.166 basis points as the turnaround in M2 Money growth has stalled. Bankrate’s 30Y …
by confoundedinterest17 The good news (if true)? ADP announced that 497k jobs were added in June. The bad news? A 497k print on jobs (many seasonal, it is summer!) almost guarantees that The FOMC (Fed Open Market Committe) will raises rates again at at the July meeting. The 2-year Treasury yield is up over 10 …
Guest Post from Nick Giambruno via internationalman.com International Man: For over 2,500 years, gold has been mankind’s most enduring money. However, with the emergence of Bitcoin there is a new hard money option. How do you see the two as governments worldwide continue to engage in rampant currency debasement and are rolling out central bank digital …
by confoundedinterest17 The US is Living La Vida Biden (living the Biden life!) Which means you are making millions if you are a political elite, but suffering if you live on Main Street. And regional banks (not the TBTF national banks) continue to suffer. The Bank Term Funding Program (1 of 2) is skyrocketing as The …
by confoundedinterest17 Fridays are always fun in the market. Bitcoin is up 3.23% as The Fed took a pause yesterday. Note that bitcoin and gold are moving together since March 2023 as the US Dollar deteriorates. And expectations of Fed rate hikes (yellow dashed line) increases. As least Desperate Housewives star Eva Longoria knows better …
BlackRock files for spot bitcoin ETF, with Coinbase as a crypto custodian$COIN $BTC https://t.co/Ey3DCRNayT — King Kong (@JGStockMarket) June 15, 2023 BlackRock files for spot bitcoin ETF, with Coinbase as a crypto custodian$COIN $BTC https://t.co/Ey3DCRNayT — King Kong (@JGStockMarket) June 15, 2023 The Blackrock move is indeed perplexing. Are they applying because they suspect an …
by confoundedinterest17 The Artificial intelligence (AI) boom is resulting in Nvidia’s stock soaring to 429.9. At the same time, Bitcoin (yellow), the US Dollar (blue) and Gold (gold) are declining. Of course, markets are dynamic and gold/silver are likely to start up again along with bitcoin and other cryptos.. The leading crypto today? Dogecoin! AI …