On Long Reads Sunday, a reading of a John Street Capital piece on the realities of a market characterized by zero-bound interest rates. The piece examines how different asset classes – from stocks to bonds to bitcoin and beyond – fare in the context of a world where the Federal Reserve is determined to keep interest rates at or near zero for years to come. Source link
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The number of people dying from COVID-19 since May 10th, is on average 50% higher than every other country in the study, adjusting for population size. Spencer Platt/Getty Images hide caption toggle caption Spencer Platt/Getty Images The number of people dying from COVID-19 since May 10th, is on average 50% higher than every other country in the study, adjusting for population size. Spencer Platt/Getty Images During this pandemic, people in the United States are currently dying at rates unparalleled elsewhere in the world. A new report in the Journal of the American Medical Association finds that over the last 5 months […]
The news comes on the heels of a doom-laden report by civil servants which makes the prediction that approximately 31,900 people could die over the next five years alone due to missed cancer diagnoses, scrapped operations and the broader health impacts that could result from a lockdown-induced recession. London Mayor Sadiq Khan has called upon Prime Minister Boris Johnson to make mixed house visits illegal for nine million people in London as part of a renewed push to see stricter lockdown measures imposed to tackle rising Covid-19 infections. The British capital had been put on the national lockdown watchlist due to […]
Speaking at the 75th United Nations General Assembly on Tuesday, Russian President Vladimir Putin said that the UN Security Council “should be more inclusive of the interests of all countries as well as of the diversity of their positions”. Russian President Vladimir Putin has stated that scrapping sanctions and restrictions may add to boosting the world economy and reducing unemployment rates amid the ongoing COVID-19 pandemic. Speaking at the 75th United Nations General Assembly on Tuesday, Putin also touched upon the role of the UN Security Council, which he said should take into account the interests of all states more broadly. […]
President Donald Trump has signed a new executive order on prescription drugs, which he said will force the makers of pharmaceuticals to give US consumers the same lower prices that they charge in Canada and other countries. “The days of global freeriding at America’s expense are over,” Trump tweeted on Sunday. He promised that the so-called “most favored nation” order will ensure that big drug companies can no longer charge much higher prices in the US than they are paid elsewhere. …and prices are coming down FAST! Also just ended all rebates to middlemen, further reducing prices. — Donald J. Trump […]
As companies have to shift their business model to contend with low interest rates, the largest find themselves in a comparatively better situation. Today’s episode of The Breakdown is an extended edition of the Brief. The final topic today looks at news that some large money market funds are shifting fees from users and taking the financial hit themselves. This creates a dynamic where only the largest companies can survive long term, and reflects a key unintended consequence of low interest rates. Source link
Peru had one of the earliest mandated lockdowns due to the coronavirus.But now Peru leads the world in coronavirus deaths. It is sad that poor countries believed quack doctors like Dr. Fauci and the CDC for guidance.We now know that the lockdowns were a disaster. Jordan Schachtel reported: Once hailed as a COVID-19 “success story,” Peru is now the COVID-19 case study that lockdown advocates no longer want to discuss. Lima is on pace to surpass Belgium (another strict lockdown country) sometime next week as having the world’s highest COVID-19 deaths per million. So why is no one talking about it? […]
The fatality rate associated with COVID-19 is falling in most US states, according to an analysis by The Hill. According to the outlet, the case fatality rate of COVID-19 has been declining for weeks in most US states. In Arizona, for instance, around 5% of people who tested positive for COVID-19 by the end of May died; however, the state’s case fatality rate is currently around half that value. The case fatality rate in California was around 4% in late May but is now around 1.6%. In Minnesota, the case fatality rate was 7.5% in April and has since fallen to […]
A conversation with a VC about changes in fintech, crypto and how public market trends shape the startup scene. Our main conversation features Race Capital’s Chris McCann. Chris was previously the founder of Startup Digest, building it to 1 million subscriptions long before email newsletters were a thing. He spent four years building the community program at Greylock before launching his own venture firm. In this conversation, Chris and NLW discuss: Source link
Officials believe church gatherings in the greater Seoul region are largely responsible for a sudden increase in COVID-19 infections. South Korea had been praised for its control of the virus. (Image credit: Lee Jin-man/AP) Source link
Bitcoin gained Wednesday while DeFi interest rate volatility is causing concern over its long-term viability. Traders are mostly buying bitcoin Wednesday, with the world’s oldest cryptocurrency going as high as $11,735 on spot exchanges such as Coinbase. “I think we’ll hit $12,000 by Friday. There’s a lot of momentum in the market just now,” said Chris Thomas, head of digital assets for broker Swissquote. “Tuesday was a pause for breath, but we didn’t react negatively.” Thomas noted bitcoin spot volumes have been rising this past week after a month of relative feebleness. “Flows are definitely picking up and more people are […]
On Wall Street, the major stock indexes rose on Monday evening, as Congress remained deadlocked over the next coronavirus pandemic legislation. Asia-Pacific stocks were higher in Tuesday morning trade, according to CNBC News. In Japan, the Nikkei 225 added 1.04 percent, while the Topix index gained 1.34 percent. Overall, Japanese major markets were higher on Tuesday morning. In South Korea, the Kospi also advanced 1.03 percent. In Australia, the S&P/ASX 200 went 1.01 percent up. Investors are now awaiting the Australian Reserve Bank’s decision on interest rates, as coronavirus-induced measures have been reinforced in the state of Victoria, where virus cases have been on […]
The Federal Reserve said Wednesday it would hold benchmark U.S. interest rates close to zero and continue buying Treasury bonds to support the coronavirus-devastated economy. Source link
A preliminary study set to soon be published in the Proceedings of the National Academy of Sciences journal suggests that a century-old tuberculosis vaccine may play a role in decreasing COVID-19 mortality rates. The research, conducted by Assistant Professor Luis Escobar of Virginia Tech’s College of Natural Resources and Environment and two officials at the US National Institutes of Health, sought to uncover why developing countries, including some Latin American ones, are seeing lower COVID-19 mortality rates than several US states. “This is remarkable, considering that [these parts of] Latin America have much higher population densities than the North American states […]
Health Editor’s Note: While the number of cases of COVID-19 are increasing daily, actually by leaps and bounds, Trump and his administration still downplay the absolute seriousness of this pandemic. How horrific that they work off of the premises of: ‘Tell the public what they want to hear, during an election year, keep them happy, keep them sated, and you increase your chances of getting their votes.’ People are sickening and dying from lack of taking this pandemic seriously. COVID-19 is DEAD serious Yesterday the U.S. passed the 3 million coronavirus case mark. The number of cases continues to leap upward […]
Whether or not the Federal Reserve eventually cuts interest rates to negative levels, it might be a case of heads: bitcoin wins, tails: bitcoin wins. So far this year, the Fed has created about $3 trillion of new money, an amount equivalent to more than 70% of the total assets created since its founding in 1913. The question now is what the Fed will do next if the economy fails to recover quickly from the devastation of the coronavirus, and markets enter a new tailspin. You’re reading First Mover, CoinDesk’s daily markets newsletter. Assembled by the CoinDesk Markets Team, First Mover starts […]
We’ve pointed out since March that predictions on mortality rates related to the China Coronavirus were garbage. Based on this alone, we know that current reports of a second wave of the China Coronavirus starting now are garbage too. We now know that the catastrophic mortality rates sold to the American public by the WHO, Dr. Fauci and later by Dr. Birx were a massively flawed. We were first to report that the Director General of the WHO on March 3, 2020 set off the global panic with his highly flawed analysis that the coronavirus had a 3.4% mortality rate: While […]
Bitcoin saw a quick, short-lived run past $10,000 after the head of the U.S. Federal Reserve said Wednesday that interest rates will remain near 0% until the end of 2022 and its bond buying program would continue. Bitcoin (BTC) was trading around $9,894 as of 20:00 UTC (4 p.m. ET), gaining 1.6% over the previous 24 hours. At 00:00 UTC on Wednesday (8:00 p.m. Monday ET), bitcoin was changing hands around $9,783 on exchanges like Coinbase. Its price dipped to as low as $9,709 at 09:00 UTC (5 a.m. ET) before buying volume picked up, pushing the price above its 50-day […]
WASHINGTON (Sputnik) – The Federal Reserve left US interest rates unchanged on Wednesday in a range of zero to 0.25 percent, saying it will maintain those levels until it was sure the world’s largest economy was fully back on its feet from the debilitating effects of the coronavirus pandemic. “The coronavirus outbreak is causing tremendous human and economic hardship across the United States and around the world”, the Fed said in a statement issued after the conclusion of its two-day Federal Open Market Committee meeting for June. “In light of these developments, the Committee decided to maintain the target range for […]
Covid-19 mortality rates among BAME (black, Asian and minority ethnic) people in England are higher than for the white population, with black people most likely to contract the deadly disease, according to an official report. A review of “Disparities in the risk and outcomes of Covid-19” was finally released by Public Health England (PHE) on Tuesday after widespread criticism of its delay. The government-led inquiry found that black people were most likely to be diagnosed with Covid-19, during a pandemic that has claimed almost 40,000 lives in Britain since February, according to the latest official figures. Also on rt.com ‘It’s on […]
UK 04:48 GMT 21.05.2020Get short URL The lockdown and stay-at-home orders implemented to tackle the spread of the coronavirus (COVID-19) outbreak in the United Kingdom are expected to leave a deeper and longer impact on the nation’s economy than projected. Bank of England Governor Andrew Bailey has paved the way for negative interest rates after Britain began the sale of government bonds with an average yield of -0.003 percent on Wednesday, a move that reveals the true extent of the economic crisis awaiting the UK on its way out of the coronavirus lockdown, according to The Guardian. In financial terms, a […]
After bitcoin’s much-hyped halving failed to generate a price rally, crypto traders are already turning to a new bullish investment thesis: the possibility the Federal Reserve might cut its benchmark interest rate below zero. Fed Chair Jerome Powell said in a televised interview Wednesday that negative rates are “not something that we’re looking at.” The remark disappointed U.S. stock traders who were hoping for an easier monetary stance, helping to send the Standard & Poor’s 500 down by 1.7% to a three-week low. You’re reading First Mover, CoinDesk’s daily markets newsletter. Assembled by the CoinDesk Markets Team, First Mover starts your day with the most up-to-date […]
US 20:52 GMT 13.05.2020(updated 20:59 GMT 13.05.2020) Get short URL Sputnik International https://cdn2.img.sputniknews.com/i/logo.png Sputnik https://cdn2.img.sputniknews.com/i/logo.png https://sputniknews.com/us/202005131079295870-i-feel-strongly-trump-says-us-should-implement-negative-interest-rates/ US President Donald Trump on Wednesday reiterated his support for the nation’s Federal Reserve to adopt negative interest rates – a move that has been opposed by Fed Chair Jerome Powell. MORE DETAILS TO FOLLOW Source link
Bitcoin has ended a four-day losing trend and is trading steady around $9,000 amid rising speculation the U.S. could eventually adopt negative interest rates. The top cryptocurrency by market value rose nearly 3% on Tuesday, having suffered losses in the preceding four day – the longest daily losing run in over two months, according to CoinDesk’s Bitcoin Price Index. Tuesday’s price rise coincided with U.S. President Donald Trump’s renewed call for negative interest rates. “As long as other countries are receiving the benefits of Negative Rates, the USA should also accept the “GIFT”. Big numbers!,” Trump tweeted. Under a negative interest […]
On Contact: High Rates Of Suicide Among Combat Veterans May 10, 2020 On Contact: High Rates Of Suicide Among Combat Veterans2020-05-102020-05-10https://popularresistance-uploads.s3.amazonaws.com/uploads/2017/12/popres-shorter.pngPopularResistance.Orghttps://popularresistance-uploads.s3.amazonaws.com/uploads/2020/05/oncontact-e1589135923416.png200px200px On the show this week, Chris Hedges talks to Matthew Hoh, former US Marines company commander, about the high rates of veteran suicides. Hoh served two tours in Iraq as a Marine and also worked as an official within the State Department. He resigned his position as a State Department political officer in Afghanistan in 2009 in protest at the Obama administration’s escalation of the war. YouTube channel: On Contact Follow us on Facebook: Facebook.com/OnContactRT Podcast: https://soundcloud.com/rttv/sets/on-contact Source link