by Charles Hugh-Smith Borrowing a quarter of the nation’s entire economic output every year to prop up an ineffective, corrupt status quo is putting a Band-Aid over a tumor. If we misdiagnose the disease, our treatment won’t work. We’re all familiar with medical misdiagnoses, which lead to procedures and prescriptions that can’t possibly fix the patient’s
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Thousands of advisors are working from home due to Covid-19. Christian D’Urso took the unusual step of giving up the office for the open water. Since June, D’Urso has been running his $110 million advisory practice from a sailboat off the East Coast. He had long wanted to work remotely, but the pandemic and the
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On March 25, concerns surrounding the record-breaking $6.1 billion (BTC) options expiry this Friday sparked an overnight sell-off that dropped Bitcoin price to $50,400. The downturn was not a surprise for many traders and some called for a possible test of the $47,000 support level. Despite Bitcoin’s loss of bullish momentum, several derivatives indicators, including a
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National and foreign buyers acquired a “tokenized” apartment in Spain with ethereum, which involved a domestic crypto exchange and a real estate investment firm. The city of Sevilla was the scenario for the crypto deal between the parties. Transaction Was Worth Over $64,000 According to El Correo Web, the Spanish crypto exchange Criptan and the
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The story was updated with details on Illinois plans for American Rescue Plan funding and the amount the state borrowed through the Municipal Liquidity Facility. March 25, 2021 5:43 PM EDT The story was updated with details on Illinois plans for American Rescue Plan funding and the amount the state borrowed through the Municipal Liquidity
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Wedbush analyst Michael Pachter’s latest assessment of GameStop (GME) is something of a double-edged sword. Following the headline-hogging game retailer’s latest quarterly results, the analyst was full of praise for the company’s top brass. “GameStop has navigated an exceedingly difficult competitive environment and has managed to reduce its net debt from a balance of over
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by confoundedinterest17 Freddie Mac’s 30-year mortgage commitment rate keeps on rising. Now to 3.17%. This is happening at the 10-year Treasury yield continues to climb. Note that interest rate volatilty (SRVIX) surged and remains elevated compared to equity volatility (VIX). (Bloomberg) — Federal Reserve Chair Jerome Powell​ said the U.S. central bank would wait until the economy has
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Tax refund advances are described as interest-free and fee-free loans of up to $3,500 that the major tax preparation companies offer during tax season to customers who are due a refund. These aren’t the same as the costly tax refund anticipation loans offered a few years ago, until the FDIC forced the banks to quit
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Canada’s supreme court has ruled that the federal government can impose a carbon price across the country against the wishes of some provinces, finding that “global warming causes harm beyond provincial boundaries and that it is a matter of national concern”. The ruling will be seen as vindication for Justin Trudeau’s governing Liberal party, which
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Analysis of long-term mutual fund outflows reflects an industry in flux. The 20 mutual funds with the biggest net outflows of the past 15 years, and at least $100 million in assets under management, shed nearly $793.4 billion over the period, Morningstar Direct data show. In the past year, the same funds lost almost $83.5
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This places gold in a perfect “sweet spot” to… by Peter Krauth via Streetwise Reports This week Fed Reserve Chair Jerome Powell spoke at the “Innovation Summit” hosted by the Bank for International Settlements. During his talk, he dissed Bitcoin and cryptocurrencies saying they were “…highly volatile and therefore not really useful stores of value,
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