Calmer in Kazakhstan- Opposition Banker aka Leader Calls for Western Involvement
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A year that began hopefully is ending grimly. Western political elites, unable (and perhaps unwilling) to turn a deadly pandemic and climate crisis into a life-preserving opportunity, have only themselves to blame.
The West’s wasted crisis
Why the Fed hates cryptocurrencies and especially stablecoins
“[They’re] popular because it’s money that’s independent of politicians and bankers,” said Mati Greenspan, portfolio manager and Quantum Economics founder. “People want the separation of government and money. They clearly don’t get that.”
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“Were diem, or even a Chinese CBDC, to be accepted by many other countries, the U.S. dollar would lose its dominance,” continued Bordo.
Is inflation coming back in the major capitalist economies? As the US economy (in particular) and other major economies begin to rebound from the COVID slump of 2020, the talk among mainstream economists is whether inflation in the prices for goods and services in those economies is going to accelerate to the point where central banks have to tighten monetary policy (ie stop injecting credit into the banking system and raise interest rates). And if that were to happen, would it cause a collapse in the stock and bond markets and bankruptcies for many weaker companies as the cost of servicing corporate debt rises?
Inflation and financial risk
Central banks are creating ‘fake markets,’ Bank of America strategists say
The rally has been concentrated in growth-focused tech names, and the market cap of the FAAMG (Facebook, Amazon, Apple, Microsoft, Google) stocks now exceeds that of the entire euro zone equity market.
Stocks
The S&P 500 Index rose 4.6% as of 3:38 p.m. New York time.
The Dow Jones Industrial Average gained 5.1%.
The Nasdaq 100 Index advanced 4.9%.
The Stoxx Europe 600 Index rose 0.1%.
The MSCI Asia Pacific Index climbed 0.8%.