Never forget – NOT allowing price discovery for a long period of time – then forcing the process onto markets with a “bayonet in the back” – at an ever-accelerating rate – is a virgin-central … Read more
We are seeing the bulls try for another gap higher open this morning. Will they be able to hold the gains this time? I am still on the side that a short-term low is in … Read more
Key Points: Embattled cryptocurrency lending firm Celsius has asked users to give it more time to stabilize liquidity and operations. Celsius halted withdrawals for customers last week due to “extreme market conditions.” The cryptocurrency market … Read more
Key Points: Solend, a lending platform built on the Solana blockchain, tried to gain control of a so-called “whale” account which it said was putting the protocol at risk. It’s an unprecedented move in world … Read more
Key Points: Over the weekend, bitcoin had fallen as low as $17,601.58. The cryptocurrency market has been hit by a number of factors, ranging from the collapse of stablecoin terraUSD to questions of solvency at … Read more
Take a look at this: The US has just experienced an 8.8% increase in food prices. The problem (and there are many, actually) is that this doesn’t take into account the spiraling costs farmers are … Read more
In this week’s Live from the Vault, Andrew Maguire takes a closer look at the newly determined BRICS currency basket, assessing the likely price revaluation of its top three commodities: gold, silver, and oil. With … Read more
Key Points: The Federal Reserve suddenly finds itself second-guessed as it tries to navigate the economy through inflation and away from recession. Complaints center on three themes: That the Fed didn’t act quickly enough to … Read more
Key Points: Hertz’s $4.2 billion deal to purchase 100,000 Tesla fully electric vehicles (EVs) by the end of 2022 set off a race among rental car agencies. Enterprise Holdings and Avis Budget Group have announced … Read more
Key Points: Economists and bankers tell CNBC they aren’t worried about the crypto sell-off hurting the broader U.S. economy. “People don’t really use crypto as collateral for real-world debts. Without that, this is just a … Read more