Bitcoin may behave more like US Treasury bonds: Bloomberg Intelligence

My Martin Young

Bitcoin markets will behave more like that of Treasury bonds and gold during market recovery, said the analysts.

Bitcoin may behave more like US Treasury bonds: Bloomberg IntelligenceNEWS

The latest crypto market research from Bloomberg Intelligence suggests that Bitcoin (BTC) may start to behave more like United States Treasury bonds and gold, rather than stocks.

In its August “Crypto Outlook” report, penned by senior commodity strategist Mike McGlone and senior market structure analyst Jamie Coutts, the research unit compared Bitcoin markets to those of gold, bonds and oil.

The authors suggested that macroeconomic influences such as the Federal Reserve’s monetary policies have resulted in similarities in Treasury bond markets and Bitcoin:

Financial System – Lawless Criminal Control Syndicate – Catherine Austin Fitts

By Greg Hunter’s USAWatchdog.com (Saturday Night Post)

Catherine Austin Fitts (CAF), Publisher of The Solari Report and former Assistant Secretary of Housing (Bush 41 Admin.), says we are at war with the Deep State globalists that want nothing short of total control over all of mankind. Central bankers want a financial system that is a lawless criminal control syndicate where it’s legal for them to do whatever they want. It is simply a choice between tyranny and sovereignty, freedom or slavery. We start with the foundational building block of tyranny, the Central Bank Digital Currency (CBDC) that global bankers want to install in the financial system.

How to invest for retirement during the 2022 storm

Time is the best friend and biggest asset for any investor. Through bull and bear markets alike, the longer you’re in the market, the better the outcome.

But what if your time horizon is relatively short? 

What if you’re about to retire (or already in retirement) and can’t wait out all of the market fluctuations? 

The traditional answer if you’re looking for near-term security is to stick with the stock market but also own bonds… 

But right now, bonds are a losing proposition as inflation soars.

For one, even if the principal is returned to you at maturity, it will be worth less in real terms because inflation will have taken a big bite out of its purchasing power. 

Second, in today’s market, bonds aren’t delivering much income: The 10-year Treasury yields around 2.7% currently. 

Federal Data Show JPMorgan Chase Is, By Far, the Riskiest Bank in the U.S.

By Pam Martens and Russ Martens: July 26, 2022 ~

The long-tenured Chairman and CEO of JPMorgan Chase, Jamie Dimon, likes to use the phrase “fortress balance sheet,” when talking about his bank to Congress or shareholders. But the data stored at its federal regulators show that the bank is, by far, the most systemically dangerous bank in the United States. And, despite its high risk profile, neither Congress nor federal regulators have restricted its growth. Its assets have soared by 65 percent since the end of 2016 and stood at $3.95 trillion as of March 31, making it the largest bank in the United States.

Making this situation even more dangerous, the bank has admitted to five criminal felony counts over the past eight years and a multitude of civil crimes and multi-billion dollar fines — all during the tenure of Dimon. Neither Congress nor federal regulators nor the Justice Department that brought those felony counts has demanded that Dimon be replaced. The Board of Directors of the bank has been equally obsequious toward Dimon, awarding him a $50 million bonus after the bank admitted to its fourth and fifth felony counts for “tens of thousands” of trades that rigged the precious metals and U.S. Treasury markets

Silvergate CEO Sees More Near-Term Pain for Crypto but Still Bullish on Bitcoin Lending

By Michael Bellusci

The bear market that’s hitting all corners of the digital assets industry isn't over yet and could see some more pain over the next few quarters, according to crypto-focused bank Silvergate Capital (SI).

The crypto sector may still experience a few areas of pain for some exchanges and crypto funds over the next few quarters, “but at some point, all of that will be done, and then we'll just be waiting for what's the next catalyst,” the CEO and former TradFi banker Alan Lane told CoinDesk in an interview.

However, investors shouldn’t compare the current crypto price slide to previous ones given the broader global economic reset as digital assets have fallen with macro trends including rising rates and inflationary pressures, Lane said.

The Fed Is Missing the Mark, But You Don’t Have To

By Teeka Tiwari

Since the beginning of the year, I’ve warned you to buckle up for a rollercoaster ride in the markets…

I’ve told you that record-high inflation… interest rate hikes… and geopolitical uncertainty would lead to a “cyclical” bear market.

And that’s come to pass. We’ve seen the broad market drop 24% and the crypto market drop 72% at its trough.

If you’re unfamiliar with market cycles, there are two types: Secular and cyclical.

Secular markets are long-term “one-way” directional moves that generally last between 12 and 20 years.

Within these secular markets, we also have shorter “cyclical” markets. They can last from three to 18 months.

Right now, I believe we’re in a cyclical (short-term) bear market… within an overall larger secular (long-term) bull market.

The Euphoric Tech Winners 'Ain't Comin' Back'

By Dr. David Eifrig

There's one sentence that I hear from investors that drives me crazy...

"If the stock can just get back to where it was trading, I'll make a lot of money."

Most investors are guilty of this kind of wishful thinking. We all look at a stock's price chart and take note of its 52-week high price. Then we calculate the gain if it could get back to that price.

Most of the time, the potential gain sounds attractive. And unfortunately, a lot of investors buy for this reason alone.

Over the past few months, I've heard a lot of folks say this about tech stocks: "If they rebound back to where they were trading in 2021, I'll more than double my money."

This kind of talk drives me crazy.

I'll put it plainly, as I've told many investors these past few months...

They ain't comin' back, folks.

Critical Market Moments

Don’t let a dead cat bounce fool you…

What we’re seeing now is the prelude to carnage.

Never have the markets had such a shock where economies and critical supply chains have all stretched to critical mass.

Every new day seems to bring increased panic and downside.

Maximum loads are tested daily – at airports, hospitals, and grocery stores. “Back to normal” post-pandemic is proving a challenge.

Add inflation that a whole generation has never experienced to that – and you have major failure points.

Market Meltdown

On a comparative basis to this market melt, only the 2008 crash compares.

The charts look eerily similar, and a meltdown seems imminent…

Internal Charts Show Treasury Agency Assigned to Measure Risk in U.S. Markets Slept through the Repo Crisis of 2019 and the Fed’s $19.87 Trillion Bailout

By Pam Martens and Russ Martens: July 7, 2022 ~

The Office of Financial Research (OFR), a unit of the U.S. Treasury Department, was created under the Dodd-Frank financial reform legislation of 2010. Its job is to prevent, through early warnings, the kind of catastrophic financial crisis that occurred in 2008 when irresponsible and corrupt practices on Wall Street toppled the U.S. economy; brought on the deepest financial crisis since the Great Depression; and left the taxpayer and Fed bailing out the Wall Street megabanks that would have otherwise collapsed from their own hubris.

Unfortunately, the OFR was savagely gutted under the Trump administration. Today, OFR is like the cop on the beat that has been stripped of his whistle, his walkie-talkie and is wearing dark sun glasses on a cloudy day.

One of the tools that the OFR is supposed to use to warn federal regulators that Wall Street is heading toward another trainwreck is the Financial Stress Index (FSI). This is how the OFR describes that Index:

Combat Interest Rate Hikes With This Simple Tool

By Andrey Dashkov, analyst, Casey Research

Interest rates are about to go up higher and faster than many investors think.

The Fed has released its June meeting notes, and they suggest that hikes are far from over. In fact, future hikes could be on the higher side: 0.75 percentage points and more.

That’s because the Fed is behind the curve. Its original prediction that inflation is transitory has clearly been wrong.

In May, annual inflation reached 8.6%. Some components of the Consumer Price Index soared much more, however. Food became 10.1% more expensive compared to May 2021, while the energy index rose 34.6% year-over-year.

What’s more, the Fed has changed the narrative around inflation and how it plans to deal with it. The Fed now wants to pacify the market and do whatever is necessary to bring down inflation.

Even if it means higher and faster interest rate hikes.

Housing Bubble Getting Ready to Pop: Pending Sales Plunge in June, Inventory Jumps, Price Reductions Spike amid Holy-Moly Mortgage Rates

Pent-up supply suddenly shows up – those vacant homes that no one was counting as vacant.

By Wolf Richter for WOLF STREET.

For the last two years, the story was that there’s no inventory for sale, that there was a housing shortage, and that’s why prices were skyrocketing. Then there were other folks like me that pointed out over and over again that people weren’t putting their old homes on the market after they’d bought a new home, and that these people now owned two or three homes and that they were going to ride up the hottest real estate market ever where prices soared 20% or 30% or more per year, and then they’d sell those vacant homes which no one had ever counted as vacant.

And because they already lived in a home, they could sell their vacant homes without having to buy another home. This is the “shadow inventory” that is now coming on the market, just when mortgage rates have spiked, and sales are plunging. And to get things moving, price reductions are spiking.