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With record U.S. money printing failing to achieve much-needed economic stimulus, some observers now expect creation of a “digital dollar” central bank digital currency (CBDC) will not only speed payments to consumers but also spur inflation.The Federal Reserve has consistently undershot its 2% inflation target since the Great Recession of
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Bitcoin (BTC) is a recommended hedge against fiat currency inflation along with gold, one of its well-known critics now says.In an appearance on Rosenberg Research’s webcast series on Nov. 2, Jeffrey Gundlach, CEO of investment management firm DoubleLine, produced rare praise for Bitcoin.Bitcoin vs. gold 1-year chart. Source: SkewGundlach tips
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A reading of a new piece from the Wall Street Journal that NLW argues shows a shifting mainstream narrative.NLW argues the piece reflects a changing conversation in mainstream financial circles about the possibility of inflation on the other side of new Federal Reserve policy. Source
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Accredited investors worried about out-of-control inflation have poured millions into Bitwise’s bitcoin fund as a means to preserve the value of their portfolios. An amended filing with the Securities and Exchange Commission (SEC) last week showed the asset manager had raised, in total, just under $8.9 million for
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The Dow Jones rallied over 100 points before paring gains.Jerome Powell’s testimony did little to move the U.S. stock market as he remains cautious about the future.Trump’s polling continues to suggest a highly competitive election in November.The Dow Jones reversed losses on Tuesday, as the U.S. stock market continues to
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Legendary investor Warren Buffett and Bridgewater Associates founder Ray Dalio are hedging against inflation.More stimulus packages will add to the national debt; as the Federal Reserve steps in to monetize the debt by printing more money, inflation will rise rapidly.The time is ripe for retail investors to follow Buffett and
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Federal Reserve officials said Wednesday they would hold U.S. interest rates at close to zero and work to push inflation above 2% "for some time." Source
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The Hedge Fund legend says in a new interview the Federal Reserve’s policies have created a massive asset bubble while making both inflation and deflation more likely. Today on the Brief:Markets recover slightly but vaccine trade falters as AstraZeneca pauses trials Bitcoin and gold correlation increases sharply around dollar instabilityMastercard launches simulation tools
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This Best of The Breakdown August 2020 edition features commentary from Hugh Hendry, Preston Pysh and Adam Tooze. August has come to a close. In this recap and “best of” episode, NLW looks at the big themes that defined the month. Most notable was the discussion of inflation culminating in the
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Alexander Lipton is the CTO of Sila, a visiting professor and Dean’s Fellow at the Jerusalem Business School of the Hebrew University of Jerusalem, and a Connection Science Fellow at the Massachusetts Institute of Technology. On Aug. 27, the Federal Reserve Chairman Jerome Powell gave a widely watched speech entitled “New
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