1. Home
  2. US economy

US economy

Chamath Palihapitiya Says US Economy ‘in the Toilet’ if Not for Government Distortions – Here’s What He Means

Chamath Palihapitiya Says US Economy ‘in the Toilet’ if Not for Government Distortions – Here’s What He Means

Billionaire venture capitalist Chamath Palihapitiya says the US economy is not doing so well despite glowing reports to the contrary. In a new episode of the All-in Podcast, Palihapitiya shares data suggesting that government consumption accounts for much of the growth witnessed by the economy in the last few years. According to the billionaire, the […]

The post Chamath Palihapitiya Says US Economy ‘in the Toilet’ if Not for Government Distortions – Here’s What He Means appeared first on The Daily Hodl.

Bitcoin Supply Shock: Cryptoquant Report Highlights Shrinking Sell-Side Liquidity

UBS Predicts ‘No Landing’ for US Economy — What It Means for Markets and Inflation

UBS Predicts ‘No Landing’ for US Economy — What It Means for Markets and InflationGlobal investment bank UBS is forecasting a “no landing” scenario for the U.S. economy, where growth continues and inflation remains stable, defying predictions of recession. With stronger-than-expected jobs data and GDP growth, UBS expects election-driven market volatility but sees economic momentum and AI trends supporting equities growth as the Fed moves toward rate cuts. UBS […]

Bitcoin Supply Shock: Cryptoquant Report Highlights Shrinking Sell-Side Liquidity

Peter Schiff: Phony Economy Must Die or US Risks Financial Ruin

Peter Schiff: Phony Economy Must Die or US Risks Financial RuinEconomist Peter Schiff has warned that restoring a real economy requires letting the “phony economy” collapse, which would result in significant financial losses for many. However, he emphasized that the alternative is worse, as it would lead to the devaluation of money itself. Schiff criticized the government and Federal Reserve policies, particularly following the 2008 […]

Bitcoin Supply Shock: Cryptoquant Report Highlights Shrinking Sell-Side Liquidity

JPMorgan Chase CEO Warns Worst Possible Economic Outcome Is On the Table: Report

JPMorgan Chase CEO Warns Worst Possible Economic Outcome Is On the Table: Report

JPMorgan Chase CEO Jamie Dimon just issued a fresh warning on the state of the US economy. At a New York conference from the Council of Institutional Investors covered by CNBC, Dimon warned that ongoing “inflationary forces” like rising deficits could trigger a worst-case economic outcome. “I would say the worst outcome is stagflation – […]

The post JPMorgan Chase CEO Warns Worst Possible Economic Outcome Is On the Table: Report appeared first on The Daily Hodl.

Bitcoin Supply Shock: Cryptoquant Report Highlights Shrinking Sell-Side Liquidity

Economist Henrik Zeberg Warns Most Crypto Assets Will Implode After Greatest Bubble Burst of All Time

Economist Henrik Zeberg Warns Most Crypto Assets Will Implode After Greatest Bubble Burst of All Time

An economist who accurately called that the US economy will flash signs of weakness by mid-2024 is warning that the crypto markets will witness a massive collapse in the coming months. In a new interview on the Metals and Miners YouTube channel, Henrik Zeberg says that the US economy is witnessing its largest bubble in […]

The post Economist Henrik Zeberg Warns Most Crypto Assets Will Implode After Greatest Bubble Burst of All Time appeared first on The Daily Hodl.

Bitcoin Supply Shock: Cryptoquant Report Highlights Shrinking Sell-Side Liquidity

Bitcoin price loses $60K, but a maturing Wyckoff signal gives hope

The bullish outlook appears despite the ongoing Bitcoin sell-off, which is being led by the growing risks of a recession in the United States.

Bitcoin (BTC) is down over 4% in the past 24 hours, falling below $60K. However, a retest of $74,000 in the coming weeks is possible, at least based on a maturing Wyckoff reaccumulation pattern and increasing odds of three rate cuts by 2024’s end.

The Wyckoff reaccumulation pattern is a technical setup that identifies phases of consolidation and accumulation after a prolonged uptrend.

In this pattern, the price typically goes through nine critical phases, namely Preliminary Supply (PSY), Buying Climax (BC), Automatic Reaction (AR), Secondary Test (ST), Spring, Test, Last Point of Support (LPS) and finally, the Sign of Strength (SOS).

Read more

Bitcoin Supply Shock: Cryptoquant Report Highlights Shrinking Sell-Side Liquidity

RFK Jr. promises BTC strategic reserve, dollar backed by hard assets

The presidential hopeful gave Bitcoin eloquent praise as a future support for the US economy and way to fix broken American money and society.

Independent presidential candidate Robert F. Kennedy Jr. praised the role Bitcoin could play in improving the US economy and the American way of life as he spoke to an audience at the Bitcoin2024 event on July 26. He promised to sign a number of executive orders on his first day in office to begin the process.

Kennedy would sign an order requiring the Justice Department and US Marshalls to transfer the 204,000 Bitcoin held by the United States to the Federal Reserve to be held as a “strategic asset,” he said. Furthermore, Kennedy said he would also order the Treasury Department to purchase of 500 Bitcoin (BTC) daily until the reserve reaches at least 4 million BTC.

The United States would attain “a position of dominance no other country will be able to usurp” and its Bitcoin reserve would eventually reach a value of “hundreds of trillions of dollars,” he promised.

Read more

Bitcoin Supply Shock: Cryptoquant Report Highlights Shrinking Sell-Side Liquidity

Economist Highlights Possible ‘Hidden Recession’: Official Figures May Understate Inflation Impact

In a recent editorial, economist Peter St Onge explores the potential of a hidden economic recession, suggesting that official figures might not reveal the full extent of the decline. St Onge raises concerns about the accuracy of U.S. inflation data and its implications for measuring true economic growth. Peter St Onge, Official Figures May Understate […]

Bitcoin Supply Shock: Cryptoquant Report Highlights Shrinking Sell-Side Liquidity

IMF Advises US to Keep Interest Rates Steady Through Late 2024

IMF Advises US to Keep Interest Rates Steady Through Late 2024The International Monetary Fund (IMF) has advised the U.S. to improve its fiscal position by reducing spending and increasing revenues. The IMF emphasizes addressing rising debt through policy adjustments and recommends maintaining current interest rates until late 2024. “Given those risks, we agreed that the Fed should keep policy rates at the current level until […]

Bitcoin Supply Shock: Cryptoquant Report Highlights Shrinking Sell-Side Liquidity

16 Nobel Laureates Warn of Threats to US Economy Under Trump’s Second Term

16 Nobel Laureates Warn of Threats to US Economy Under Trump’s Second TermSixteen Nobel Prize-winning economists have voiced concerns about the potential risks to the U.S. economy if Donald Trump secures a second term as president, emphasizing threats to economic stability and the rule of law. “The outcome of this election will have economic repercussions for years, and possibly decades, to come,” they cautioned. Nobel Economists Predict […]

Bitcoin Supply Shock: Cryptoquant Report Highlights Shrinking Sell-Side Liquidity