Bitcoin’s rise ties to Tether, funding US debt; dependency on legacy systems exposed. MSTR stock drives Bitcoin purchases, creating a self-reinforcing cycle. How long can it last?

**Tether Alert** The idea that Wall Street is embracing Tether and Bitcoin is much clearer.The more Tethers are being bought, the higher Bitcoin goes. The higher Bitcoin goes the more Tethers are being bought. As Tether grows in size the …

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China outlook: A “downward spiral”, reckons SocGen. “From bad to worse” and “a vicious cycle,” says Barclays. “Things could get worse before they get better,” warns Morgan Stanley.

via Reuters A look at the day ahead in Asian markets. If deepening gloom around China and a surging Japanese yen are the local market drivers in Asia, the Fed’s upcoming interest rate decision hangs heavily over world markets as …

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June construction layoffs spike, highest since September 2007. Continuing claims hit a new cycle high, approaching 1.9 million.

In June, construction industry saw largest increase in layoff announcements per @ChallengerGray … hasn't seen a spike that large since September 2007 pic.twitter.com/6zee9KAtVf — Kevin Gordon (@KevRGordon) July 3, 2024 Continuing claims a new cycle high Approaching 1.9mm #MacroEdge https://t.co/sDxirI4NOC …

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Business cycle be cycling in Canada

Business cycle be cycling in Canada Tiff didn’t cut the rate just for fun #MacroEdge pic.twitter.com/ZZj11xvipD — Don Johnson (@DonMiami3) June 18, 2024 At least one thing going up in Canada pic.twitter.com/t2YfauFnnd — Michael A. Arouet (@MichaelAArouet) June 16, 2024

History Repeats: Soft Landings Precede Hard Landings, Is the Cycle Replaying?

Related pic.twitter.com/TNZD3DMBZh — Michael A. Arouet (@MichaelAArouet) January 19, 2024 #recession … #StockMarket Bubble edition https://t.co/Xfwh7BNfKJ — Invariant Perspective (@InvariantPersp1) January 19, 2024 Trucking employment is collapsing This has been a precursor to recessions since 1991 pic.twitter.com/CneDXLFgf5 — Bravos Research …

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Signals of the Beginning of a Distressed Cycle

In a surprising development, CITIGROUP has decided to exit the distressed-debt trading business, sending shockwaves through financial markets. This move is not just a business decision; it’s a signal that the economy might be entering a distressed cycle. Several indicators …

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A default cycle has started…

DEFAULT CYCLE HAS STARTED pic.twitter.com/oq6SL4iAGx — Win Smart, CFA (@WinfieldSmart) November 28, 2023 Small Caps as bad as DotCom bust pic.twitter.com/fVMLkfCcOA — Win Smart, CFA (@WinfieldSmart) November 29, 2023