The Fed has a hammer, and you're a nail
Our present moment is precarious. Like it or not—we don't—we live in the age of Central Banks. And as we witness, and alas participate in, the global drama to create or destroy wealth, there is a great and tragic irony at work.
Basic economics tells us that when supply decreases in the face of steady or rising demand prices will…go up! Why? In the words of our Founder, "because every other price and every investment and every enterprise depends on it". With great power comes great responsibility. But there are some powers that are simply too great for any one person to wield .One need only look at this chart which shows that the Fed has raised rates faster than any other time in recent history.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
JPMorgan's live trade on a public blockchain is aCryptocurrencies JP Morganâs live trade on a public blockchain is a âsignificant stepâ for institutional DeFi
Read more »
Watch CTV News | Local Video | CTV News OttawaLatest breaking news video from Ottawa, Ontario and around the world. In-depth reporting, live breaking news, viral news, national news, sports, business, entertainment, health, lifestyle, politics and more. Daily top stories and updated news headlines.
Read more »
Hot wallet hack costs crypto derivatives exchange Deribit $28 million(Kitco News) - Deribit, the leading bitcoin derivatives exchange, lost $28 million after their hot wallets were hacked, forcing the company to halt withdrawals as they perform comprehensive security checks.
Read more »
Gold sees some buying momentum against the pound as BoE raises interest rates by 75 basis points(Kitco News) - As expected, the Bank of England continued to aggressively tighten its monetary policy raising the bank rate by 75 basis points to 3%.
Read more »
FOMC Update - What pivot?Kitco News' contributed commentary features articles and opinions from some of the top experts in the gold industry.
Read more »