4 / 20 Relevant items tagged with #inflation

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Milton Friedman on Inflation: A Government-Made Disaster 

[Aug 17 9:30 PM] Inflation is not a natural phenomenon but a consequence of government actions. Milton Friedman famously argued that only the government can create inflation, and misguided policies, like price controls, worsen the problem. Friedman Famously Said…

Gold’s Bull Run Inspires Bitcoin Forecasts: Insights From Fred Krueger and Jack Mallers

[Aug 17 5:30 PM] Gold has been on an impressive streak in recent times, hinting at underlying economic worries, according to bitcoin proponent Fred Krueger’s latest analysis. He speculates that bitcoin might soon follow a similar trajectory, fueled by…

Pierre Poilievre Backs Bill to Ban Central Bank Digital Currency in Canada

[Aug 16 2:30 AM] Pierre Poilievre, leader of Canada’s Conservative Party, backs a bill that seeks to ban central bank digital currency (CBDC) in Canada. He argues that a CBDC would give the government excessive control over finances, threatening privacy and…

Food Price Controls in America? Kamala Harris’s Controversial 2024 Strategy Unveiled

[Aug 15 8:05 PM] Vice President Kamala Harris, according to several reports, has outlined one of her key economic strategies if she wins the presidency in 2024—price controls. Her campaign is advocating for what they describe as the “first-ever federal…

Bitcoin falls under $60K as investors' global economic slowdown concerns rise

[Aug 14 6:40 PM] Fear of a global economic recession continues to drive investors away from risk-on assets like Bitcoin.

CPI Report Sparks Fed Rate Cut Hopes as Inflation Slows to 2.9%

[Aug 14 1:50 PM] On Wednesday, the U.S. Bureau of Labor Statistics rolled out its latest consumer-price index (CPI) report, revealing a 2.9% increase over the past 12 months through July—falling just short of economists’ 3% forecast. This data nudged CME…

U.S. CPI Rose 0.2% in July, Matching Expectations

[Aug 14 12:41 PM]

Elon Musk Offers to Assist Donald Trump Boost Government Efficiency

[Aug 13 11:30 PM] Tesla and Spacex CEO Elon Musk has offered to assist former U.S. President Donald Trump in managing government spending if Trump is re-elected, proposing the creation of a government efficiency commission. Trump endorsed the idea, praising Musk as…

Bitcoin buyers wait below $58K as Japan wipes out record stocks crash

[Aug 13 2:55 PM] Bitcoin appears in no mood to celebrate despite Japanese stocks fully recovering from a historic drop.

Elon Musk: How Government Overspending and Excessive Regulation Fuel Inflation

[Aug 11 12:30 AM] Elon Musk, CEO of Tesla and Spacex, has expressed his view that inflation is primarily driven by government overspending, which he emphasized as “the vast majority of the problem.” He also noted that excessive regulation worsens the…

Jamie Dimon Says US Recession Still on the Horizon as JPMorgan Increases Forecast

[Aug 10 11:30 PM] JPMorgan Chase CEO Jamie Dimon reiterated his belief that a recession remains the most likely outcome for the U.S. economy. Dimon pointed to various uncertainties such as geopolitics, housing, and spending. Meanwhile, JPMorgan has raised the…

Economist Art Laffer Slams US Economic Policies, Warns of Dollar’s Decline as Global Reserve Currency

[Aug 10 8:30 PM] Economist Art Laffer, known for his work on supply-side economics, has expressed concerns over the future of the U.S. dollar in a recent interview. Laffer argues that current U.S. economic policies are leading to the dollar’s decline, making…

Crypto Turns Broadly Lower in U.S. Afternoon Trade as Stocks Give Away Gains

[Aug 7 6:41 PM] An overnight bounce following dovish remarks from the Bank of Japan has failed to hold.

Report States Salvadoran Economy Slowed, Purchasing Power Down as Bukele Fights Inflation

[Aug 7 2:30 AM] A report by FUNDE, an investigative organization in El Salvador, has highlighted that the Salvadoran economy will grow less this year due to a decrease in public investment in infrastructure. Additionally, FUNDE claimed that the purchasing power of…

Peter Schiff Warns Against Owning Bitcoin ETFs, Cites ‘Not Your Keys, Not Your Coins’

[Aug 6 11:18 PM] Economist and gold advocate Peter Schiff argues that bitcoin exchange-traded funds (ETFs) contradict the core principles of the cryptocurrency by undermining decentralization and peer-to-peer transactions. He criticizes recent buyers of bitcoin for…

Wharton Professor Calls for Emergency Rate Cut Following Market Downturn

[Aug 6 12:30 AM] Jeremy Siegel, a finance professor and chief economist, has called for an emergency 75 basis point cut in the fed funds rate following a market downturn. He emphasized the necessity of this cut and suggested another rate cut next month to align…

6 Indicators of Economic Trouble: Is a US Recession on the Horizon?

[Aug 5 2:30 AM] At the end of the week, U.S. equities experienced a sharp decline, which reverberated through the cryptocurrency market, reducing its value from $2.4 trillion to $2.09 trillion since July 29. Recently, discussions have intensified around the…

Macroeconomics Expert Predicts Hard Landing for US Economy

[Aug 4 6:30 PM] Despite recent positive economic indicators, investor and macroeconomics expert George Gammon foresees a hard landing for the U.S. economy. In an interview with Michelle Makori of Kitco News, Gammon pointed to several warning signs in the banking…

No Rate Cuts Yet: Fed Maintains Rates at Historic Highs 

[Jul 31 6:25 PM] The U.S. Federal Reserve has opted to maintain the federal funds rate target range at 5.25-5.5%, according to the latest report from the Federal Open Market Committee (FOMC). The committee noted that while inflation has eased over the past year, it…

Ron Paul Champions Liberty and ‘Competing Currencies’ at Bitcoin 2024

[Jul 28 2:20 PM] Ron Paul, former U.S. congressman and well-known advocate for liberty, shared his thoughts on bitcoin and monetary policy during an interview with Bitcoin Magazine editor Pete Rizzo. Paul emphasized the importance of liberty and sound money…

Salvadoran Basic Goods Basket Rose to Historic Highs in June

[Jul 26 2:30 PM] The price of the Salvadoran basic goods basket, a group of foods and vegetables considered essential, rose to all-time high levels in June. The increase was pushed due to the price hikes in vegetables, going over the $260 barrier and reaching…

Majority of Americans Believe US in Recession, Survey Shows

[Jul 24 8:30 PM] New research by Affirm reveals three in five Americans believe the U.S. is in a recession, though it’s not officially declared. A survey of 2,000 people shows inflation and rising living costs (68%) as the main reasons for this belief…

Ethereum Experienced Its Highest Inflationary Period in the Last Quarter: Fidelity

[Jul 23 4:58 AM] Layer-2 transactions have increased 20% since the Dencun upgrade in March, and that success could be a positive sign for the future of the network, the report said.

Latam Insights Encore: Bukele Pushes Controversial Substitution of National Products Policy To Fight Inflation, Offers Free Coffee on Top

[Jul 22 1:30 AM] Welcome To Latam Insights Encore, a deep view of Latin America’s most relevant economic and cryptocurrency-based news last week. In this edition, we discuss the import duties exemption measure President Nayib Bukele pushed for and passed in…

BtcTurk CEO steps down from one of Turkey’s biggest crypto exchanges

[Jul 18 11:10 AM] Ozgur Guneri spent seven years as the head of the popular Turkish crypto exchange. He will remain with the company as a director.

ECB Maintains Interest Rates Amid Persistent Inflation Concerns

[Jul 18 8:16 AM] The European Central Bank (ECB) maintained its interest rates on Thursday, indicating that domestic price pressures and elevated inflation levels will persist into next year. After a recent rate cut, the ECB adopted a cautious stance, suggesting…

Mark Cuban speculates Bitcoin may become a global reserve asset

[Jul 17 2:00 PM] The entrepreneur and investor has a net worth of $5.4 billion as of 2024 and is no stranger to the world of digital assets.

Fed Might Focus on Weakening Labor Market Rather Than Inflation as It Mulls Rate Cuts: Economists

[Jul 12 12:09 PM] A weakening labor market could persuade the Fed to cut rates even as inflation is not yet back to the Fed's 2% goal.

US Inflation Eases With 0.1% Drop in June; Biden Faces Gas Reserve Accusations

[Jul 11 8:30 AM] The U.S. consumer price index (CPI) fell by 0.1% in June. The decline, primarily due to reduced gasoline prices, brought the annual inflation rate to its lowest in over three years. This news comes after U.S. President Joe Biden was accused of…

U.S. Inflation Was Negative in June; Bitcoin Jumps Above $59K

[Jul 11 6:41 AM]