Month: June 2022

Good morning. Yesterday we read in several respectable news outlets that the era of low inflation is over. Unhedged is heading into its concrete bunker, sure, but we wouldn’t be surprised if when we emerge in 2024 that CPI is back to 1.5 per cent. Send us your thoughts: robert.armstrong@ft.com and ethan.wu@ft.com. China: better, sort
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If you haven’t planned for an SEC audit, you should.  Why? Because you are likely to face one. Advances in technology and the adoption of a data-centric approach have made it fast and easy for the SEC to comprehensively audit even the smallest firm, regardless of its location.  Thomas Reid The SEC’s 2021 Examination Priorities
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Grayscale has announced a legal challenge to the latest rejection of its application to convert the Grayscale Bitcoin Trust (GBTC) into a spot-based Bitcoin exchange-traded fund (ETF) by the Securities and Exchange Commission. It announced that its Senior Legal Strategist, former U.S. Solicitor General, and partner at Munger, Tolles & Olson, Donald B. Verrilli, Jr.
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Manhattan’s real estate market typically slows to a crawl during the summer months. The number of participants usually shrinks dramatically as many buyers and sellers celebrate Summer Fridays by trading floor plans for flip-flops and square-footage discussions for sandy toes. Then came 2021. A surge in deal activity, which began in late 2020, continued through
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Warren Buffett-backed Nubank, one of the world’s largest digital banking platforms, is now offering cryptocurrency trading to all of its 54 million customers. Nubank also holds bitcoin on its balance sheet. Nubank’s Crypto Service Now Available to All Customers Nubank, one of the world’s largest digital banking platforms, now offers cryptocurrency trading to all clients,
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Municipals were steady to firmer in spots in secondary trading as a large revenue bond offering from the New York City Transitional Finance Authority took the focus and saw yields lowered in a repricing. U.S. Treasuries improved on rising recession concerns while equities ended nearly flat. Municipals underperformed the moves to lower yields in UST,
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The Analysis And Discussion Provided On Silverdoctors Is For Your Education And Entertainment Only, It Is Not Recommended For Trading Purposes. The Doc Is Not An Investment Adviser And Information Obtained Here Should Not Be Taken For Professional Investment Advice. The Commentary On Silverdoctors Reflects The Opinions Of The Doc And Other Contributing Authors. Your
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The story of Instagram’s explosive rise reads like a Silicon Valley fairy tale, with the company gaining staggering momentum within just a few short months. The photo and video-sharing social media application took only eight weeks for software engineers to develop before it was launched on Apple’s mobile operating system in October 2010. In less than
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Covid infections continue to rise across the UK, with the latest data from the Office for National Statistics showing 1.7mn people testing positive, a 23 per cent increase on the week before. Many other countries are experiencing similar increases, driven mainly by the recent BA. 4 and BA. 5 subvariants of Omicron, and hospitalisations are
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The world’s top central bankers have warned that the era of low interest rates and moderate inflation has come to an end following the “massive geopolitical shock” from Russia’s invasion of Ukraine and from the coronavirus pandemic. Speaking at the European Central Bank’s annual conference, Christine Lagarde, its president, Jay Powell, chair of the Federal
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Technology needs to become more human. As wealth management firms increasingly use digital tools to reach and serve investors, they’re also honing in on clients’ personal values, attitudes and goals for building a long-term nest egg. The missing piece in those two trajectories, according to a senior J.P. Morgan executive: not deploying technology in a
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Sharing is Caring! by Charles Hugh-Smith Putting this all together, it’s clear that the source of the current housing bubble is the explosion of financial speculation fueled by central bank policies. Those benefiting from speculative bubbles have powerful incentives to deny the bubble can bust. Rationalizations abound as bubbles inflate, and the continued ascent of speculative
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Investment banking giant Citigroup has released research on how property technology could affect the housing market, mentioning virtual estate in the metaverse and cryptocurrency-backed mortgages. In a report released Wednesday titled, “Home of the Future: PropTech — Towards a Frictionless Housing Market?” Citi said crypto, blockchain and property in the metaverse had the “potential to
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Rising mortgage rates due to the rate hikes implemented by the Federal Reserve have put the squeeze on home affordability for many American homebuyers, not to mention raising fears of an impending recession. The housing market in the United States really took off in the pandemic’s second year (2021), with high demand and homes flying
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A pedestrian uses an umbrella to get some relief from the sun as she walks past a sign displaying the temperature on June 20, 2017 in Phoenix, Arizona. Ralph Freso | Getty Images Summer’s here, and it’s a hot one.  Forecasts from the Farmers’ Almanac, the National Oceanic and Atmospheric Administration and The Weather Company
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It’s very difficult to find common ground that supports cooperation in the disintegrative stage of scarcities, rising prices, catastrophically centralized power and social discord…  by Charles Hugh Smith via Of Two Minds It’s very difficult to find common ground that supports cooperation in the disintegrative stage of scarcities, rising prices, catastrophically centralized power and social
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Spirit Airlines once again rejected a sweetened takeover offer from JetBlue Airlines, citing antitrust concerns and asked its shareholders to vote for a merger with rival Frontier Group at a meeting tomorrow. In the latest offer, JetBlue raised the value of the offer to $34.15 per share, representing a 51% premium to Spirit’s stock. It also raised the breakup fee by
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