Looking for "Economy"

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arusso • Aug 4, 2023, 2:28 pm EDT

Understanding the Risk of a Recession Despite Rising Stock Markets

While a surging S&P 500 index may seem like a comforting signal of economic prosperity, this view might be overly optimistic, perhaps even misleading. It’s essential to remember that stocks’ gains are not an unequivocal indication of confidence that there’s no imminent recession. The popular notion that the stock market is a forward-looking economic predictor is a flawed belief that reinforces a self-sustaining cycle of misplaced confidence. Examining the S&P 500 US equity benchmark data dating back more than 95 years uncovers a different narrative. Of the 15 recessions recorded in this period, the stock market only foresaw a downturn

3 minutes

carlp • Jul 21, 2023, 2:42 pm EDT

The Strategic Petroleum Reserve: A Brief History

Resource acquisition is a vital part of any countries economic strategy. In uncertain times, you can’t have enough resources particularly when it comes to hard assets such as precious metals, Bitcoin and oil. Enter, the Strategic Petroleum Reserve. The U.S. Strategic Petroleum Reserve (SPR), a should be robust fortress of emergency oil reserves designed as a bulwark against sudden and severe energy disruptions, has for years been a prominent fixture in U.S. energy policy. Enshrined in law in December 1975, post the 1973 OPEC oil embargo, the SPR’s primary purpose has always been to reduce the impact of significant energy

3 minutes

satoshin • Jul 21, 2023, 11:42 am EDT

Rising Net Interest Payments: Is the U.S. Economic Stability at Risk?

Is the ticking time bomb of rising net interest payments endangering U.S. economic stability? Explore the potential risks and delve into the intricate web of financial consequences as interest burdens grow, shedding light on the challenges that lie ahead for the nation’s fiscal health.

3 minutes

satoshin • Jul 4, 2023, 1:49 pm EDT

Asset Giant BlackRock Aligns with Coinbase Amid SEC Scrutiny

BlackRock, the world’s largest asset manager, reportedly worth $9 trillion, has included Coinbase, a leading cryptocurrency exchange platform, as a Surveillance-Sharing Agreement (SSA) counterpart in its recent Spot Bitcoin ETF refiling. This move comes as the Securities and Exchange Commission (SEC), led by Gary Gensler, has been increasingly critical of Coinbase’s operations. Despite the SEC’s concerns, BlackRock and other financial behemoths have expressed their intent to conduct business with Coinbase, revealing the complex and contradictory nature of the evolving cryptocurrency landscape. In the last few weeks, the attention on Spot Bitcoin ETFs has surged, with BlackRock leading the charge after

2 minutes

tinam • Jun 1, 2023, 11:19 am EDT

US Banks Lose Record $472B in Deposits in Q1 2023

According to the Federal Deposit Insurance Corporation (FDIC), US banks lost $472 billion in deposits in Q1 2023. This is the most significant quarterly decline in deposits since the FDIC began tracking the data in 1984. What Factors Contribute To This Loss In Q1 2023? The decline in deposits was driven by several factors, including: Rising interest rates: Rising interest rates made it more attractive for consumers to invest their money in other assets, such as stocks and bonds. The collapse of several large banks: The failure of several large banks, including Silicon Valley Bank, Signature Bank, and First Republic, shook public

4 minutes

satoshin • Feb 27, 2017, 7:40 am EST

The Economics Of Bitcoin – Why Mainstream Economists Lie About Deflation

As many of my regular readers know, I’ve already written a few articles on Bitcoin that explain why it is money. In those articles I have addressed why the inherent properties of Bitcoin give it value as a medium of exchange. One of those properties that I mentioned, but did not go into very deeply, is the deflationary aspect of the currency system. Bitcoins are inherently deflationary as a currency because they will eventually top out in the number that can be produced. Eventually total Bitcoin circulation will reach about 21 million coins, and after that, no new coins can be created.

1 minute