Amazon's 'Buy' button for digital content is a scam, you are not provided ownership of the content you buy. Remember, if you can't sell your items, you don't own them. NFTs and the GameStopNFT marketplace fix this!
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Federal Reserve Alert! Governor Philip N. Jefferson: 'Restoring price stability may take some time and will likely entail a period of below-trend growth.'
Governor Philip N. Jefferson: 'Restoring price stability may take some time and will likely entail a period of below-trend growth. However, I want to assure you that my colleagues and I are resolute that we will bring inflation back down to 2 percent.'
Source: https://www.federalreserve.gov/
U.N. Calls On Fed, Other Central Banks to Halt Interest-Rate Increases. What's next? A call for more QE?
Source: https://www.wsj.com/articles/u-n-calls-on-fed-other-central-banks-to-halt-interest-rate-increases-11664809202
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SEC Alert! Gary Gensler: 'Of the nearly 10,000 tokens in the crypto market, I believe the vast majority are securities...
SEC Alert! Gary Gensler: 'Of the nearly 10,000 tokens in the crypto market, I believe the vast majority are securities. Given that most crypto tokens are securities, it follows that many crypto intermediaries are transacting in securities and have to register with the SEC in some capacity'
With Credit Suisse possibly on the brink, the Office of Financial Research from this week: When choosing counterparties, banks tend to pick riskier ones and do not hedge such exposures.
These exposures are correlated with systemic risk measures despite greater regulatory oversight after the crisis.
Source: https://www.financialresearch.gov/working-papers/files/OFRwp-22-06_counterparty-choice-bank-interconnectedness-and-bank-risk-taking.pdf
Abstract
We investigate whether banksโ counterparty choices in OTC derivative markets contribute to network fragility. We use novel confidential regulatory data and show that banks
Inflation Alert! According to the Bureau of Economic Analysis โCore PCEโ (the metric the Fed uses for its monetary policy) rose .6% in August. What mean? Inflation is not slowing down and is back on the upswing.
Source
Good evening and happy Friday r/Superstonk! As the title states, the Bureau of Economic Analysis reported today 'core PCE' (the metric the Fed uses for its monetary policy decisions) continues to rise (.6%) after a 'transitory' July when inflation 'was being tamed'
If you can't sell your items, you don't own them.
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