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” Bitcoin fights key trendline near $20K as US dollar index hits new 20-year high “ Bitcoin (BTC) found a new focus at just under $20,000 on July 14 as United States dollar strength hammered out yet another two-decade high. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView DXY moves bring yen, euro into focus Data…
“Biden’s inexperienced lackeys unlikely to pull US out of inflation doom” You’ve heard the saying, “Get woke, go broke.” Well, that is exactly what is happening to America as President Biden prioritizes woke concerns such as climate change and gender and racial “equity” over sound economic management. With inflation hitting a spine-chilling record 9.1%, there…
” Fighting the crypto winter and token protocol inflation in 2022 “ There is an old saying, “cash is king,” but if it is sitting in a bank account or, in the case of crypto — a wallet, it diminishes daily due to inflation. This is especially the case now as inflation in the United…
“Inflation hits whopping 9.1%, raising risk of 1% interest rate hike” Inflation surged an unexpectedly strong 9.1% last month, raising the risk of even steeper rate hikes from the Federal Reserve as Americans get pummeled by record gas prices, soaring rents and stiff grocery bills. The dismal June reading released by the Labor Department on…
“Biden’s America — Democrats tout job stats as labor crisis looms” Despite President Biden’s rosy jobs announcement Friday, America is heading into an economic crisis. What’s to blame? The Democratic Party’s disrespect for work and the people willing to do it. Over the last two years, millions of Americans have quit working or even looking…
” Analysts say Bitcoin range ‘consolidation’ is most likely until a ‘macro catalyst’ emerges “ From a historical perspective, the loss in value realized across the cryptocurrency market over the past several months has been one for the record books and the total cryptocurrency market cap has declined from $3 trillion to $991 million. June…
” US inflation data will be ‘messy’ — 5 things to know in Bitcoin this week “ Bitcoin (BTC) starts another week in a precarious position near $20,000 ahead of fresh macro upheaval. After admittedly sealing its best week’s gains since March, the largest cryptocurrency is struggling to hold onto its recently-reclaimed levels. Major resistance…
“Arm the Ukrainians now and other commentary” From the right: Arm the Ukrainians Now “Optimists believe that a fully equipped Ukrainian army could halt Russia’s advance and drive its army back to the pre-Feb. 24 line of demarcation,” writes William Galston at The Wall Street Journal. And though “recent Russian successes” are “tempting policy analysts…
“These are the groceries that have avoided inflation” Put down the steak and eggs, and go for the fruits and veggies. Thanks to the perfect storm of COVID-related supply chain embattlements and the Ukraine war, grocery stores prices are at record highs, with food prices up roughly 10% from a year ago, according to food…
“Larry Summers says steep joblessness needed to beat inflation” Former Clinton Treasury Secretary Larry Summers is defending his comments from last month in which he claimed that millions of Americans may need to lose their jobs in order for inflation to come under control. Summers, who has emerged as a chief critic of the Biden…