Reuters Morning Market report 8/22/2023

by Michael E Dehn | Aug 22, 2023 | Banking and Finance, Breaking News, consumer spending and sentiment

https://newslink.reuters.com/public/32469479

The Paypal stablecoin backed by dollars and securities smacks to us a disaster in the making. As Terra and other forays into this space have clearly shown thru the years, the BACKING for the issuance of these currencies is key to success and herein lies the rub.

by Michael E Dehn | Aug 21, 2023 | Banking and Finance, Breaking News, consumer spending and sentiment

Derivatures operate in a similar fashion in regards to their valuations being based on opaque underlying assets. We are VERY uneasy with this development as to us it TRUMPS the official issuance of the US government CBDC and is detrimental to the overall economy in...

Fintech stuff 8/21/2023

by Michael E Dehn | Aug 21, 2023 | Banking and Finance, Fintech

Has Plaid Lost The Payroll...

Oh my

by Michael E Dehn | Aug 21, 2023 | Banking and Finance, Humanoid endeavors

New Court Documents Suggest the Justice Department Under Four Presidents Covered Up Jeffrey Epstein’s Money Laundering at JPMorgan...

Chop Suey econ to start your week from Reuters

by Michael E Dehn | Aug 21, 2023 | Banking and Finance, Breaking News, consumer spending and sentiment, International insights, Latest News, Media

https://www.reuters.com/world/china/china-cuts-1-year-lending-benchmark-keeps-5-year-unchanged-2023-08-21/?utm_source=Sailthru&utm_medium=Newsletter&utm_campaign=Reuters-Business&utm_term=082123

The Economy

by Michael E Dehn | Aug 21, 2023 | Banking and Finance, Breaking News

Much has been said on the economic turmoil that seems contained up to this point as we enter the all important 4th quarter. This post reflects on the presumption that Asia will be the growth driver for 2/3 of the world economic growth this year. That being said, we...