It’s been a long time coming, and now it’s almost here.

It’s been a long time coming, and now it’s almost here.

SWIFT Sets Up Joint Venture With China Central Bank Ahead Of Imminent Digital Yuan Launch Back in August we reported that China’s Commerce Ministry had released fresh details of a pilot program for the country’s central bank digital currency (CBDC) to be...
Elon Musk Returns to Twitter to Endorse Meme Crypto Dogecoin

Elon Musk Returns to Twitter to Endorse Meme Crypto Dogecoin

  Tesla Inc. co-founder Elon Musk returned from his self-imposed Twitter break to send a series of tweets about joke cryptocurrency Dogecoin. “No highs, no lows, only Doge,” Musk wrote. He also posted a meme from the Disney movie The Lion King, showing the monkey...
The ‘Index Of The Volume Of Speculation’ Blows Off

The ‘Index Of The Volume Of Speculation’ Blows Off

“Even the most circumspect friend of the market would concede that the volume of brokers’ loans—of loans collateraled by the securities purchased on margin—is a good index of the volume of speculation.” -John Kenneth Galbraith, The Great Crash 1929  There are all...
Watch Out Bezos, Washington State Mulling ‘Billionaire Tax’

Watch Out Bezos, Washington State Mulling ‘Billionaire Tax’

Under a bill proposed by Democratic Rep. Noel Frame of Seattle, a 1% tax would be levied on “extraordinary” intangible financial assets held anywhere in the world – including cash, stocks, bonds, publicly traded options and futures contracts,...
The Game Stop Fairy Tale And Its Lesson

The Game Stop Fairy Tale And Its Lesson

  The Fed has charged the investment atmosphere. Today’s investors view markets as get rich quick schemes. Stories of investors turning thousands into hundreds of thousands litter social media. The problem is that such behavior is not natural nor sustainable. It...
test-php-789