The US appears headed for a hard landing and a recession, according to the chief economist at one of Europe’s biggest banks. Deutsche Bank’s David Folkerts-Landau says a recession is the highly likely cost of the Federal Reserve’s rapid sequence of interest rate hikes, even if it achieves the desired outcome of lower inflation, reports […]
The post Deutsche Bank Warns US Recession Imminent, Says Avoiding a Hard Landing Is Next to Impossible: Report appeared first on The Daily Hodl.
Over half a trillion more dollars have been dumped into the US government’s debt spiral in the last two weeks alone. According to the latest numbers from FiscalData, as of June 15th, the US national debt was $32.03 trillion, a $571 billion rise from June 1st’s recording of $31.46 trillion. Total US debt is now […]
The post $572,000,000,000 Added to US Debt in Two Weeks, Total Debt Now Exceeds China, Japan, Germany and UK’s Combined GDP appeared first on The Daily Hodl.
Social Capital CEO and early Bitcoin investor Chamath Palihapitiya is issuing a warning that many of America’s biggest firms could be ransacked by growing debt burdens. The investor tells his 1.6 million Twitter followers that the biggest secret hiding in plain sight right now is the “massive debt wall” about the hit Corporate America. Says […]
The post Billionaire Chamath Palihapitiya Warns Massive ‘Debt Wall’ To Hit Corporate America and Incinerate Equity Values appeared first on The Daily Hodl.
The International Monetary Fund (IMF) says that a planetary digital currency should be built to connect each country before the rise of cryptocurrencies does the same. Kristalina Georgieva, the IMF’s director, says that the agency is working on a worldwide platform for central bank digital currencies (CDBCs) to enable transactions between countries, reports Reuters. She […]
The post New ‘Global CBDC Platform’ Must Be Built To Outrun Cross-Border Crypto Adoption: IMF Managing Director appeared first on The Daily Hodl.
Analysts from Morgan Stanley expect nearly half a trillion dollars to leave American banks when the US Treasury goes ahead with a plan to roll out a new batch of T-bills. Morgan Stanley is expecting $1.364 trillion of net T-bill issuance over the rest of this year, with $1 trillion of that to be issued […]
The post $450,000,000,000 To Exit US Banks As Treasury Kicks Off Massive Borrowing Spree: Morgan Stanley appeared first on The Daily Hodl.
Treasury Secretary Janet Yellen says that it’s reasonable to expect other countries to gradually look for alternatives to the US dollar as the geopolitical world stage evolves. Speaking during The Annual Testimony of the Secretary of the Treasury on the State of the International Financial System meeting, Yellen says that US sanctions may push other […]
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American banks are preparing to sell portions of their commercial real estate debt at a loss, according to a new report. Although most debtors are up to date on payments, banks are looking to clean up their books as Q2 comes to a close, reports the Financial Times. Chad Littell, an analyst at the commercial […]
The post US Banks Facing $1,450,000,000,000 in Commercial Real Estate Exposure As Lenders Prepare to Sell at a Loss: Report appeared first on The Daily Hodl.
Analysts say US banks could suffer a massive flight of deposits if the Treasury goes ahead with a plan to restore cash balances by borrowing over a trillion dollars. JPMorgan analysts estimate the US will need to borrow $1.1 trillion in short-dated Treasury bills by the end of the year, reports the Financial Times. Analysts say […]
The post US Treasury To Borrow $1,100,000,000,000 in Six Months, Analysts Warn Move May Trigger Banking System Exodus: Report appeared first on The Daily Hodl.
Analysts say US banks could suffer a massive flight of deposits if the Treasury goes ahead with a plan to restore cash balances by borrowing over a trillion dollars. JPMorgan analysts estimate the US will need to borrow $1.1 trillion in short-dated Treasury bills by the end of the year, reports the Financial Times. Analysts say […]
The post US Treasury To Borrow $1,100,000,000,000 in Six Months, Analysts Warn Move May Trigger Banking Exodus: Report appeared first on The Daily Hodl.
Legendary investor Stanley Druckenmiller just issued a warning on the state of the US economy. In a new interview at the Bloomberg Invest New York conference, Druckenmiller, A.K.A “The Druck” says that the economy is still trying to adjust to a more restrictive climate after more than a decade of low interest rates and essentially […]
The post Stanley Druckenmiller Says US Banking Failures Are Tip of the Iceberg, Warns ‘More Shoes To Drop’ appeared first on The Daily Hodl.
