Office of Financial Research Alert! Digital Currency May Increase Household Welfare, Lower Volatility but Pose Risks to Banks.

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by Dismal-Jellyfish Source: https://www.financialresearch.gov/the-ofr-blog/2023/03/22/digital-currency-may-increase-uousehold-welfare/ According to a recent working paper published by the Office of Financial Research, banking-sector stability may suffer, yet household welfare may improve should a digital currency be fully integrated into the financial system. In Digital Currency and Banking-Sector Stability, the authors modeled a financial sector where digital currencies coexist with bank deposits, and … Read more

China to Provide Assistance to Hezbollah

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#BREAKING | Hezbollah Secretary-General Sayyed Hassan Nasrallah: There is a consensus that improving the living conditions in #Lebanon is linked to improving the economy, and #China is ready to provide assistance in this regard. pic.twitter.com/FIu1GN24fO — Al Mayadeen English (@MayadeenEnglish) March 22, 2023

Texas bill to ban CBDC

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Texas Senator Introduces Bill to Ban Fed Reserve From Adopting a CBDC https://t.co/ojnLG5cmeK via @WatcherGuru — Tara Fairweather (@TaraFair45) March 22, 2023 Texas Senator Ted Cruz introduces a bill to ban the FED from adopting a central bank digital currency (CBDC).#Cryptocurrency #Bitcoin #Blockchainhttps://t.co/TATINZEp78 — Trader News (@TraderverseNews) March 22, 2023

Congress: Radical NYC Prosecutor Alvin Bragg Has ‘Until Thursday to Come Forward’ to Congress

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🚨🚨🚨House Admin Chairman @RepBryanSteil, Judiciary Chairman @Jim_Jordan , and House Oversight Chairman @RepJamesComer sent a letter to Manhattan DA Alvin Bragg demanding communications, documents & testimony relating to Bragg's unprecedented abuse of prosecutorial authority. pic.twitter.com/jW3RklvHWu — House Admin. Committee GOP (@HouseAdmin) March 20, 2023 “Manhattan District Attorney Alvin Bragg faces a Thursday deadline to come forward … Read more

The Fed Is Gonna Keep Raising Until Something Breaks… Well, It Broke And They’re Still Raising!

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‘Already past the point of no return’: JP Morgan says the US is probably headed for a recession as economic ‘engines are about to turn off’ Aseries of banking crises this month headlined by the failure of Silicon Valley Bank has forced analysts from multiple banks including JPMorgan Chase to rewrite their recession forecasts from … Read more

How The ‘Inside Of The Stock Market’ Quashed The Soft Landing Narrative

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by jessefelder “By far the best economic predictor I’ve ever met is the inside of the stock market.” –Stan Druckenmiller If you have been watching the “inside of the stock market” over the past six months or so, you’ve been able to see the increasingly popular “soft landing” narrative regarding the direction of the economy … Read more

The Car Market Crisis Will Economically Destroy Young Americans As They Can’t Afford Auto Payments

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The car market crisis is far more complex than people realize. With car prices crashing down, some would assume that the cost of auto payments would go down too, but the exact opposite is happening right now. Buyers are seeing the value of their vehicles plummeting while they’re stuck with some of the most expensive … Read more

Over 40 Boats Destroyed in Fire Near Ship Canal Bridge Seattle

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SEATTLE – Dozens of boats were destroyed, and one person was hurt early Wednesday morning after a fire near Seattle’s Ship Canal Bridge. Crews responded to a report of a boat storage facility fire at about 2 a.m. along Northeast Northlake Way. https://www.q13fox.com/news/1-hurt-42-boats-destroyed-in-fire-near-ship-canal-bridge https://mynorthwest.com/3859720/parents-protest-ship-canal-bridge-encampment-near-elementary-school/

CNN has smallest weekly primetime audience in advertiser-coveted demographic in over 30 years

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via FOXNEWS: Fox News Channel continued to crush basic cable last week while CNN had its worst primetime performance in three decades among the target demographic coveted by advertisers. Fox News averaged 1.3 million total day viewers and nearly two million during the primetime hours of 8-11 p.m. ET to top all of cable news … Read more

March 22, 2023 – Federal Reserve FOMC Statement

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by AutoModerator Fed Funds Rate Prior: 4.50 to 4.75% Fed Funds Rate Consensus: 4.75 to 5.00% CME FedWatch which tracks interest rate futures trading probabilities can be found here – CME FedWatch Tool – CME Group The FOMC statement can be found here – Federal Reserve Board – Press Releases Link to live broadcast of press conference … Read more

Fed hikes rates by a quarter percentage point despite recent turmoil in the banking sector

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The Federal Reserve on Wednesday enacted a quarter percentage point interest rate increase, expressing caution about the recent banking crisis and indicating that hikes are nearing an end. Along with its ninth hike since March 2022, the rate-setting Federal Open Market Committee noted that future increases are not assured and will depend largely on incoming … Read more

Massive explosion at Ineos chemicals plant in Pasadena Texas

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🚨#BREAKING: Massive explosion at the Ineos Phenol chemicals plant 📌#Pasadena | #Texas ⁰Currently Numerous hazmat response teams and other emergency personnels are responding to a extremely massive explosion and fire at a Ineos Phenol chemicals plant in Pasadena Texas one… pic.twitter.com/6AIKgrozQZ — R A W S A L E R T S (@rawsalerts) March 22, … Read more

The Banking & Debt Crisis Continues

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by Martin Armstrong The banking crisis continues and it is impacting funds that have been buying bonds. Allianz, a subsidiary of Pimco, is writing off countless millions with Credit Suisse bonds. The banking crisis has been the result of artificially low-interest rates for far too long and banks were used to free money and buy long-term … Read more