Last week’s economic and financial news saw a mixed bag of updates. Global markets were mostly up, with the US facing a growing wave of global de-dollarization as BRICS push for a new common currency. Meanwhile, cryptocurrencies were in the spotlight with the US Fed judge temporarily stopping the $1.3B sale of Voyager Digital to Binance and CFTC suing Binance for alleged violations of federal laws governing commodities markets. On the financial front, German consumer prices continued to rise, exceeding Euro-area average […]
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March 26: More Bank Failures now in Germany, War against Crypto, Food Shortages To Get Worse (Recap ep220)
In today’s recap, Marcello talks about how the banking crisis is affecting Europe as well; Deutshce Bank’s shares had a rough week after the cost of insuring the bank’s debt against the risk of default; Coinbase is seing its shares plunge again due to recent government statements on enforcement action for violations of federal securities laws; California has lost billions of dollars of food due to recent floods; Spain is likely to halve its olive oil output. Germany’s largest bank Deutsche Bank […]
March 19: More bank failures, govt attacking crypto, stocks collapse (Recap Ep219)
In this week’s recap, recent economic data have shown inflation in line with target and have eased investor concerns about bank contagion, although year-over-year inflation remains elevated at 6%. The inflation rate has declined for the eighth consecutive month, with a slowdown in food price increases offsetting higher gasoline prices and another rebound in rents. Food prices are up 9.5%, energy prices are up 5.2%, clothing prices are up 3.3% and new vehicle prices are up 5.8%. Housing costs are up 8.1%, […]
March 12: Beginning of the crisis? 2nd largest bank collapse in history, Crypto Bank collapses as well (Recap ep218)
In today’s recap, Marcello talks about the recent events that might indicate the beginning of the crisis that has been knocking on the world economy’s door for the last couple of months; this week, the 2nd largest bank collapse in history just happened to Silicon Valley Bank, and also Silvergate Bank apparently collapsed as well; both of these situations dragged down the markets with them. Shares of SVB Financial Group fell -60.41% on Thursday at $106.04, after the firm said it intends […]
March 5: Elon Musk World’s Richest again, Tether USDT Bankrupt? Food rationing in UK (Recap ep217)
In this week’s recap, Marcello tells us that Elon Musk is again the world’s richest man after the stocks from Tesla spike 70%; Crypto Companies Behind Tether/Bitfinex Used Falsified Docs & Shell Companies to Get Bank Accounts; The largest supermarkets in UK are now strictly rationing many fruits and vegetables, 22% British households skipped meals or even fasted for a whole day in January. Russia’s grain exports are booming as buyers load up on its attractive bumper supplies. The country’s shipments of […]
February 26: Cyber Attack At Food Companies, Poland preparing Russia Invasion, Stock Markets Puke (Recap ep216)
In today’s Recap, Marcello talks about the hacking that the Dole Food Company suffered, leaving ALL its North America Production in a halt, This firm is one of the world largest producers of fruits and vegetables; Poland has started Installing Anti-Tank barriers along its order with Belarus; Tuesday was the worst session of the year so far for all the US stock indexes. U.S. inflation data for January was hotter than expected. The core price index y/y came in at +4.7% vs […]
February 19: Microsoft AI threatens to kill humanity, Binance leaving USA? Natural Disasters Increase (Recap Ep215)
In this week’s recap, we have a lot of “strange world” and “Marcello conspiracy” moments. The WSJ published an article advising to skip meals to save money, perhaps starvation is the solution to inflation. Microsoft’s IA chatbot said manufacturing a deadly virus, making people argue with other people until they kill each other, and stealing nuclear codes. Damage from chemical train derailment in Ohio continues to emerge. A theory is emerging that Nord Stream was blown up by the CIA. Yep, we […]
February 12: Internet Blackout Italy, IRS targets waiters, Record Crypto Hacks (Recap ep214)
Marcello is bringing us some news about a moment of internet blackout in Italy this week, As well as a new direction from the US’s IRS that might cause heavy consequences on the middle and lower class; We have also reached a new record regarding crypto hacks. Days after a huge earthquake brought death & destruction across southern Turkey & northwest Syria, the confirmed death toll from the deadliest quake in the region in 2 decades stood at 21K in both countries […]
February 5: United States World Order Coming To End, Recession Coming in Hot, Tesla Beats! (Recap ep213)
The United States World Order may be coming to an end, according to Marcello’s analysis in today’s Recap. More and more countries are analyzing the idea of trading directly among them, using their own currencies and leaving the dollar out of the negotiation. January’s rapid job creation dents concerns about a coming recession, reducing the likelihood that the Federal Reserve will be forced to cut interest rates soon. U.S. Traesury Department will make more Tesla vehicles elegible for tax credits. On Friday […]
January 29: Elon Musk’s next Billion dollar Co, Dollar Collapse immenent? Earth is in trouble (Recap ep212)
In today’s recap, Marcello tries to explain how Chat GPT, which recently announced a paid version, has the potential to become the latest billion-dollar venture for Elon Musk; UAE and India are talking about using rupees instead of dollars to settle non-oil trades, which adds pressure on the dollar as a global reserve currency; and a new study suggests that the earth’s core may have stopped spinning or may even be spinning backwards. U.S. orange juice prices are expected to rise to […]