“It’s Like The Early Days Of The Internet” The biggest lie in cryptocurrency, peddled by the biggest names in tech. – by Ed Zitron

Renowned tech reporter and Elon Musk apologist Kara Swisher received vast amounts of flack this week for defending her podcast co-host Scott Galloway’s crypto-shilling advertisement, using the least-rigorous argument that the crypto world has: https://twitter.com/karaswisher/status/1528533392266076160 Writer and friend of the newsletter David Gerard …

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Percentage of ARM mortgages now at early 2008 levels

by Skadi793 There has been an explosion in adjustable-rate mortgages issued in the last 4 months, from 3% of all outstanding loans, to over 11% https://www.cnbc.com/2022/05/11/adjustable-rate-mortgage-demand-surges-to-14-year-high-as-homebuyers-try-to-afford-this-pricey-spring-market.html and in addition to this, more than 10% of loans are FHA/VA, which allow for …

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The IMF’s EM warning: “During the pandemic, debt accumulated much faster than in the early years of other recessions, including the Great Depression….60 percent of low-income countries are now in, or at risk of, distress”

Sri Lanka and Russia have already defaulted while Egypt, Tunisia, Ukraine, and Belarus are on track to default. Rising interest rates also dramatically increase the risk of corporate default for borderline solvent businesses. Prepare your finances for a market correction. …

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Bloomberg dollar index rises to highest since July 2020… The Fed fears stagflation… Too early for recession talk? This Fed model doesn’t think so…

  Too early for #recession talk? This Fed model doesn't think so… pic.twitter.com/8nQxBwNGSQ — Bot Blocker 🕊️🇺🇦 (@siriuslybs) November 24, 2021 *BLOOMBERG DOLLAR INDEX RISES TO HIGHEST SINCE JULY 2020 See the €? It’s been quietly moving for weeks which …

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