CRYING over crypto?

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

https://www.forbes.com/sites/digital-assets/2023/08/21/crypto-now-braced-for-a-155-trillion-september-wall-street-earthquake-after-shock-bitcoin-ethereum-xrp-and-crypto-price-crash/?sh=31df43f84151

Speaks volumes on the mood of the country going forward.

by Michael E Dehn | Aug 22, 2023 | Breaking News, consumer spending and sentiment, Entertainment, Latest News, Media, Music and Pop culture

Anthem Beloved by Conservatives Makes Music History (msn.com)

Even the Canadien big banks struggling

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

https://www.reuters.com/business/finance/canadian-banks-profits-seen-pressured-by-slower-dealmaking-mortgage-growth-2023-08-22/?utm_source=Sailthru&utm_medium=Newsletter&utm_campaign=Global-Investor&utm_term=082223

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...

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