Independent thinking for complex markets and current events
Authored by Mike Shedlock via mishtalk, Sanctions and tariffs have not only united China and Russia, but also the world against dollar dominance. Our Biggest Miscalculation Eurointelligence has an interesting article on Our Biggest Miscalculation. Let’s tune in. The biggest geopolitical error of our decade has been the west’s attempt to isolate Russia and China at …
The identity behind Bitcoin’s creation remains unconfirmed. In October 2008, a white paper titled “Bitcoin: A Peer-to-Peer Electronic Cash System” appeared under the pseudonym Satoshi Nakamoto. The network went live in January 2009. While the name is Japanese, linguistic and posting analyses suggest Western origins. No government has ever publicly verified Nakamoto’s identity. Roughly 1,000,000 …
Elon Musk is expanding X into the financial sector, making it more than just a social platform. The company has officially entered beta testing for X Money, giving select users access to its payment and banking features. Musk confirmed the launch on May 25, emphasizing the importance of security in handling financial transactions. This marks …
xAI has acquired X in an all-stock transaction. The combination values xAI at $80 billion and X at $33 billion ($45B less $12B debt). Since its founding two years ago, xAI has rapidly become one of the leading AI labs in the world, building models and data centers at unprecedented speed and scale. X is …
https://twitter.com/pop123abc8989/status/1878998704272949546
The Insider Transaction Ratio (sales-to-buys) is back in bearish territory. via @hmeisler pic.twitter.com/kcAv13VryR — Daily Chartbook (@dailychartbook) November 12, 2024 Good Morning 🙃 pic.twitter.com/TD7ZOUTVtR — Amy Nixon (@texasrunnerDFW) November 12, 2024 The 10 year yield is ripping again. About to hit 4.40%. New highs. Wen 8% mortgage rates? 💀 pic.twitter.com/nnsKVEXlhv — QE Infinity (@StealthQE4) November …
By Martin Armstrong The Biden Administration is pushing banks to report every $600 transaction, whether a deposit or withdrawal, from every business or personal account. The Democrats want everything, and no matter how much they collect, they will always spend more. TAXES are really no longer even necessary along with borrowing. They never pay off …
Earlier this month JP Morgan Chase issued a press release stating they are now ‘Connecting 80 Million U.S. Consumers with the Brands They Love’, which is a polite way of saying the major bank is selling customer transaction histories to third parties, chiefly advertisers, for the purpose of targeted ads. The financial giant created a …
The Vanguard Cash Plus Account is a cash management account that features a bank sweep insured by the Federal Deposit Insurance Company (FDIC) and offers a competitive yield on your short-term savings. You can use the bank sweep as a low-risk place to keep cash for your immediate needs as well as for emergencies. You also …
https://twitter.com/ClownWorld_/status/1717585214904418362 PetroChina Completes First International Crude Oil Trade in Digital Yuan: Report Chinese oil and gas company PetroChina (0857) has completed the first international crude oil trade using the country’s central bank digital currency (CBDC), the e-CNY, China Daily reported on Saturday. PetroChina bought 1 million barrels of crude oil settled in e-CNY, or …
“Westpac Bank expands cash transaction options at branches nationwide. Bank customers will have easier access to their money as one major bank expands its cash transaction options.” https://www.news.com.au/finance/business/banking/westpac-bank-expands-cash-transaction-options-at-branches-nationwide/news-story/3cf4ec3f404ddd0124ac21ac092b2210 “More Westpac customers will have easier access to their money as bank branches expand their cash transaction options across the country.” “We know many small businesses and …
Fed Target is 5.25%-5.5% overnight rate is 5.3%. A) Banks tell Fed how much extra money is there by putting it in overnight deposits for given target rate. B) Banks are forced to charge more then the target rate to loan the money out otherwise they would loan it to the Fed overnight. The Fed …