Category Archive: Finance, No picture
The Federal Reserve’s $34.5 Trillion Problem
Image Source: Unsplash The Federal Reserve has a $34.5 trillion problem.And the problem is growing.Yes, I’m talking about the national debt. How is the debt the Fed’s problem?It hamstrings the Fed’s ability to fight price inflation.In a recent interview, Crescat Capital macro strategist Tavi Costa told Kitco News that soaring debt levels could ultimately render the central […]
Google, How Does One Get A Stock Higher? And What’s Stagflation?
Image Source: Unsplash The story this morning is clearly the stunning rise in the price of Alphabet (GOOG, GOOGL). It’s higher for the correct reasons: solid earnings and returning money to shareholders. Enthusiasm about artificial intelligence certainly played a role, but a manufacturer of boring widgets would rally if it could show revenues rising 15%, profits […]
ezETH depeg puts ETH restaking volatility into the limelight
Renzo’s liquid restaking token (LRT) ezETH experienced a dramatic drop this week, losing over 7% of its peg with Ether (ETH) within hours, with some 50% depeg in some decentralized applications. This decline was further intensified by the liquidation of leveraged yield farmers utilizing ezETH as collateral for high-risk loans and inserts the volatility of […]
AUD/USD Climbs 1.82% Across Four Sessions
Image Source: Unsplash The Australian dollar has demonstrated remarkable resilience and vigor, charting a course of consistent gains throughout the week. As the European trading session unfolds, the AUD/USD pair exhibits a positive trajectory, currently stationed at 0.6534, marking a 0.24% rise on Friday. This ascent extends the currency’s streak to four consecutive sessions of gains, cumulatively amounting […]
Private Equity More Boondoggle Than Brilliance
Image Source: Pexels I’ve frequently spoken and written about leverage-on-leverage contagion risks from the private equity and credit markets with feedback loops to real estate. Some of the articles are here.As interest rates slumped in the decade leading up to 2022, this space increasingly attracted yield-starved capital from institutions and individuals alike.Our capital management firm was inundated […]
Bitcoin maxis could shield the market from Mt. Gox sell-off effects, suggests expert
As the Mt. Gox exchange prepares to release billions of dollars worth of Bitcoin (BTC), market analysts speculate on the potential for a sell-off that could depress Bitcoin prices. Despite these concerns, industry leaders posit that Bitcoin maximalists and long-term holders might mitigate any significant market downturn.Approximately 142,000 BTC, valued at over $9 billion, and […]
Intel Stock: Don’t Hold Your Breath For A Swift Recovery
Image Source: Pexels Intel Corp (Nasdaq: INTC) is down well over 35% versus its year-to-date high but a Goldman Sachs analyst still doesn’t see it as a bargain. Intel stock has limited upside from here Toshiya Hari reiterated his “sell” rating on the chipmaker this morning as “AI prioritisation continued to weigh on traditional server demand”. He […]
Marathon Digital’s hash rate is pulling ahead of expectations a week after the halving
Marathon Digital, a Bitcoin mining firm based in Florida, has announced that it is ahead of schedule on its growth plans and may achieve its hash rate target of 50 exahash per second (EH/s) by the end of 2024, a year earlier than initially anticipated.The company’s energized hash rate stood at 27.8 EH/s on March […]
Economic Reports And Reality – Total Disconnect. The Corn & Ethanol Report
We kicked off the day with Core PCE Price Index MoM & YoY, PCE Price Index MoM & YoY, Personal Income, and Personal Spending at 7:30 A.M., Michigan Consumer Sentiment Final, Michigan 5-Year Inflation Expectations Final, Michigan Consumer Expectations Final, Michigan Current Conditions Final, and Michigan Inflation Expectations Final at 9:00 A.M., and Baker Hughes […]
S&P 500 Earnings Dashboard 24Q1 – Friday, April 26
Image Source: Pexels S&P 500 Aggregate Estimates and Revisions The 24Q1 Y/Y adjusted blended earnings growth estimate is 8.7%. If the energy sector is excluded, the growth rate for the index is 8.5%. Please note that the 24Q1 year-over-year growth rate for Bristol Myers Squibb reflects an approximate $12 billion one-time charge related to its acquisition of Karuna Therapeutics. […]
