Month: May 2021

A Chinese economist and assistant director at the International Monetary Institute of Renmin University, Qu Qiang, has predicted that “We’re all going to die” if bitcoin becomes widely adopted as a currency. He foresees our society falling into “a death spiral of deflation,” noting that “the whole society is going to shrink and self-explode.” We’re
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Today’s column addresses questions about potential effects of having filed early, making sure your benefits are actually suspended even if a representative mistakenly says you can’t suspend them and potentially available benefits on an ex’s record. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic Security Planning,
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The multibillion-dollar New York-New Jersey Gateway train tunnel project can move forward following a milestone ruling from two federal agencies announced Friday. The Federal Railroad Administration and Federal Transit Administration released the Final Environmental Impact Statement (EIS) and Record of Decision (ROD) on the Hudson Tunnel Project, which allows pre-construction activities such as real estate
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[embedded content] With fewer durable good making up GDP and workers no longer employed in traditional jobs, worries about coming inflation are probably over blown, said Macquarie Capital’s Head of Asian Strategy and Global Strategy Co-ordinator Viktor Shvets. Shvets spoke to Kitco on Friday from Hong Kong. “Today, 60% of private sector GDP in the
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Traders are using various strategies to determine whether Bitcoin price has bottomed, but on-chain activity and derivatives data hint that the situation remains precarious. Has Bitcoin price bottomed yet? According to @noshitcoins, derivatives and on-chain data signal that further downside could be in store. Traders have been trying to time the much-anticipated trend reversal ever
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Israel’s opposition parties have banded together to try and form a minority government that could unseat the country’s longest-serving prime minister, Benjamin Netanyahu, and head off the country’s fifth election in two years. The self-styled “change government” must now present its plans to President Reuven Rivlin. If he approves the proposal the 120-seat Knesset must
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The Walt Disney Co. (DIS) is a leading global entertainment and media business that owns numerous extremely popular and valuable franchises, characters, and businesses, such as Star Wars, Mickey Mouse, and Pixar. Between the wide name recognition of both the business’ brand and its individual products, DIS possesses compelling competitive advantages and pricing power that
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Sharing is Caring! by confoundedinterest17 There is a lot of noise about cryptocurrencies like Bitcoin and Ethereum being hedges against inflation. Here is Bitcoin against core PCE prices YoY. Only if inflation is truly transitory and declines. Ethereum as a hedge against inflation? Ethereum started its run-up after Q1’s inflation report. And has experienced extraordinary volatility,
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In 2007, Donald Wexler, the late Mid-Century architect (a protegee of Richard Neutra and William Cody) who helped shape Palm Springs’ Modernism movement, designed a Hollywood Hills compound for his son, international photographer and director Glen Wexler. “Donald Wexler worked together with Glen, who wanted a very specific live-work space. That is what the design
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While a number of media pundits and politicians have been talking about Bitcoin’s energy consumption, there’s been a myriad of firms working toward green solutions well before all the controversy. Unfortunately, critics don’t highlight the amount of renewables miners use or the cogeneration applications. One project called EZ Blockchain has partnered with the Texas-based oil
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Data collated from the Cambridge Center for Alternative Finance (CCAF), show the world’s most popular crypto asset presently consumes around 13.37-gigawatt annum— 0.6% of global electricity supply, or roughly equivalent to the annual energy draw of an emerged market countries as Sweden. Elon Musk, some weeks stunned crypto investors arbitrarily when he unexpectedly announced via
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Many of us, especially precious metals investors, have seen this coming for years. All that we saw over the last year, will arguably be nothing compared to the incredible damage that… by Claudio Grass via Claudiograss.ch Over the past couple of weeks, we’ve been seeing more and more mainstream headlines about inflation fears being on
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A bond is a debt security issued by a company or government to raise money and cover spending needs. A municipal bond, also known as a muni, is debt security used to fund capital expenditures for a county, municipality, or state. Municipal bonds are commonly tax-free at the federal level but can be taxable at
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A quant pioneer with $112 billion in fixed income assets is defying doom-mongers like Ray Dalio as it places a bullish wager on interest-rate risk. Spurred by groundbreaking insights on systematic investing from its Nobel Prize-winning advisor Eugene Fama, Dimensional Fund Advisors has been extending duration in its core bond portfolios this year. Fama-inspired research
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ZipRecruiter (ZIP), which operates an online marketplace to help businesses locate potential employees, made its debut on the NYSE last week, with shares jumping 17% to $21.10 on its first day of trading. The company went public via a direct listing, meaning it did not raise any capital in the offering. Advisors on the deal
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Vermont’s $153.3 million sale of general obligation bonds in three series generated a nearly $30 million premium on top of that, state treasurer Beth Pearce said. Proceeds will fund new capital projects and refinance debt. The refunding portion generated more than $7.6 million of savings on a net present value basis, according to Pearce. “Investors
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