Tokens Stream

2023-10-25 19:27:40 ‘Bond King’ Bill Gross Predicts Q4 Recession: Loan Delinquencies and Regional Banks in the Crosshairs

On the social media network X (formally Twitter), the bond connoisseur Bill Gross publicly shared his projection of a deceleration in the U.S. economy’s momentum come the fourth quarter. “Regional bank carnage and recent rise in auto delinquencies to long-term historical highs indicate U.S. economy slowing significantly,” Gross said. “Recession in 4th quarter,” the investor added.

Auto loan tardiness has surged of late, with other financial slip-ups such as consumer loans and credit card lapses reaching peaks not seen in over ten years. Just last month, an alarming 6% of sub-prime car loan patrons lagged behind by a full 60 days. The unsettling trend of vehicle confiscations began to rise in January and hasn’t looked back since. Intriguingly, while auto loans and other consumer debts reveal escalating delinquency, single-family mortgage payment misses haven’t shown the same consistent uptrend in 2023, though they’ve inched upward.

In Gross’s commentary on X, he emphatically noted, “I’m seriously considering regional banks again,” following up with the investment advice: “On bonds. Invest in the curve.” The year has seen regional banks not only underperforming but also plummeting even deeper than their lows during the SVB debacle. The financial institution Huntington Bank felt the pressure, shuttering dozens branches across the Midwest.

These regional financiers, are heavily tied to commercial real estate (CRE) and are grappling with the rising defaults. This, coupled with consecutive Federal rate boosts, has nudged their unrealized losses perilously close to the edge. Open / Comment

2023-10-22 19:07:01 Gold Heats Up, China’s Gold-Backed Bond Move, and the 10-Year Treasury Note’s Ominous Rise

On October 20, the quartet of leading stock indices — Dow Jones (DJI), S&P 500 (INX), Nasdaq Composite (IXIC), and the Russell 2000 (RUT) — witnessed declines ranging from 0.8% to 1.5%. Concurrently, just a day earlier, the yield on the benchmark 10-year Treasury bond climbed to a staggering 5%, a peak not touched in 16 years.

By Friday, this 10-year note was coasting along at 4.92%, marking a significant 38.6% rise over the past half-year. Simultaneously, WTI Crude and Brent Crude hover in the range of $89 to $92 per barrel, a significant climb from their $70 per barrel trough at June’s end.

The crypto world showcased its resilience following the misleading ETF news on October 16, especially given that it had previously faced setbacks due to the conflict between Hamas and Israel just a week earlier.

In recent times, precious metals have certainly made their mark. Gold is on the cusp of the $2K per ounce threshold, currently trading at approximately $1,980 per ounce, marking an 8.5% uptick since the start of the year.

Gold has showcased its resilience as a trusted safe-haven asset in recent times, though this doesn’t guarantee its future stability. As it approaches its historic peak of $2,074.88 from August 2020, gold bugs are watching with bated breath. However, it’s essential to note that while gold’s performance has been commendable, bitcoin (BTC) and the broader crypto economy have outpaced the gains seen in precious metals. Open / Comment

2023-10-21 18:00:07 TG.Casino: The World's No 1 Telegram Casino

Enjoy licensed, safe, and anonymous crypto gambling.

$TGC Presale: Staking during presale is LIVE. First phase is nearly complete so no better time than now to buy at lowest possible price. Presale buyers can also wager $TGC in the casino NOW and enjoy 25% cash back on all losses when wagering $TGC.

Why Choose TG.Casino?

Crypto Casino Boom: Valued at $250M and growing, crypto casinos are a rising force in the $263B global market.

Game Diversity: From slots to sports betting, we have it all.

TG.Casino: Leading the next wave of online gaming. Optimized for 1B Telegram users with a mobile-first design. Also available in the US!

TRY TG.CASINO ON TELEGRAM

VISIT PRESALE PAGE TO FIND OUT MORE Open / Comment

2023-10-19 22:17:25 SEC Chairman Gary Gensler Warns AI Could Spark Financial Crisis in Next Decade

The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, warned in an interview with the Financial Times, published Monday, that a financial crisis caused by artificial intelligence (AI) is “nearly unavoidable” in the next decade without prompt regulatory action.

Gensler opined: “It’s frankly a hard challenge. It’s a hard financial stability issue to address because most of our regulation is about individual institutions, individual banks, individual money market funds, individual brokers; it’s just in the nature of what we do."

Wall Street has integrated AI across various functions, encompassing robo-advisors, account onboarding procedures, and brokerage apps. Gensler is concerned about the potential for herd behavior among entities reliant on identical data models. He fears that such behavior could jeopardize financial stability and serve as a catalyst for the next crisis.

This was not the first time that Gensler has warned about AI. In August, he said that AI is poised to drive future financial crises. Nonetheless, he believes that “AI is going to continue significantly transforming science, technology, and commerce.” Open / Comment

2023-10-19 18:01:53 *TG.Casino: The World's No 1 Telegram Casino*

Experience anonymous online crypto gambling at its finest, with a fully licensed and 100% safe platform.

*Why Choose TG.Casino?*

*$TGC Token:* $TGC is on presale now with immediate staking rewards and advanced ecosystem. Play with $TGC for enhanced bonuses or benefit from the casino's growth as a % of its profits support the token price, even if you don't play

*The Rise of Crypto Casinos:* Since 2017, the crypto casino market's valuation has rocketed to $250 Million. These platforms are swiftly eating into the global $263 Billion casino market.

*Mobile-First Approach:* With 80% of online casino games enjoyed on mobile, we're one step ahead - TG.Casino is exclusively designed for Telegram and it's 1 Billion users.

*Diverse Gaming Options:* Whether you crave slots, table games, a live casino vibe, or betting on your favorite sports, we've got everything covered.

The casino world is evolving, and TG.Casino is at the forefront.

TRY TG.CASINO ON TELEGRAM

VISIT PRESALE PAGE TO FIND OUT MORE Open / Comment

2023-10-17 19:00:10 Don't look for a broker anymore!

ForexChief with 24/7 English support through Website, Telegram, and WhatsApp, as well, has an English Telegram Group for discussion and signal exchanging. It also offers the following services:

$100 No Deposit Bonus (limited)

Up to $500 Welcome Bonus (Double your deposits!)

Trading credits (up to 70% credit per deposit)

$1000 bonus for PAMM accounts (for professional traders)

Various deposit and withdrawal methods as Crypto, Perfect Money, Local Bank Transfers, etc.

The narrowest spreads, including Cashback in MT4 and MT5

And dozens of other special services...

For more information, join the ForexChief English group
https://t.me/xChief_English

Exclusive registration link to receive free $100 bonus and other services:
https://pro.cxchief.com/bdb2ac Open / Comment

2023-10-16 18:49:03 SEC Doesn’t Plan To Appeal Grayscale Bitcoin ETF Decision

The United States Securities and Exchange Commission has decided against appealing a recent court ruling that stated the commission was wrong in rejecting an application from Grayscale Investments to create a stop bitcoin exchange-traded fund (ETF).

The Securities and Exchange Commission had until Friday midnight to decide on whether it wanted to challenge the court’s decision. However, the SEC let that deadline pass without filing an appeal. The price of Bitcoin pushed past the $27,000 mark following the news of the SEC deciding against appealing.

Following the SEC’s denial, Grayscale sued the regulator, arguing that the agency had previously approved certain surveillance agreements designed to prevent fraud in bitcoin futures-based ETFs.

The DC Circuit Court of Appeals seemed to agree with Grayscale, ruling that the Security and Exchange Commission’s denial of the application to convert the Grayscale Bitcoin Trust (GBTC) into an ETF was invalid. The court stated that the decision must be reviewed and called it ‘capricious’ and ‘arbitrary.’ Open / Comment

2023-10-13 20:24:01 Brazil Committee Recommends Indicting Binance Officials, CZ

Binance, the world’s largest cryptocurrency exchange by daily trading volume, may face another legal battle if Brazilian authorities accept the recommendation of a committee at the National Congress to indict some of its leaders, including founder and chief executive Changpeng Zhao.

The committee, which had been investigating crypto-related Ponzi schemes, has accused CZ and three senior local Binance employees of fraudulent management, offering or trading securities without prior authorization as well as operating a financial institution again without authorization, Bloomberg reported.

Reacting to the news, the exchange said in a statement that it went to “great lengths” to actively collaborate with the committee which wrote in a report accompanying its recommendations that Binance is “surrounded by suspicion” in Brazil.

The Brazilian lawmakers also recommended that the country’s securities regulator, Comissão de Valores Mobiliários (CVM), investigate Binance for “repeated violation of the securities market rules.”

The parliamentary committee’s recommendation for indictment may turn into another setback for Binance this year. The crypto behemoth has been dragged into legal battles and other clashes with financial regulators in the U.S., Europe, and elsewhere. Open / Comment

2023-10-10 20:27:02 Analyst Warns of US Dollar Collapse, Predicts Bitcoin Owners to Benefit

In a note to investors published Wednesday, Chris Wood, Global Head of Equity Strategy at Jefferies, called bitcoin and gold “critical hedges” against currency debasement and diminishing returns from inflation.

Wood explained that in addition to reducing its balance sheet, the Federal Reserve has been raising interest rates at an unprecedented pace in its efforts to tame soaring inflation.

The Jefferies analyst warned: “G7 central banks, including most importantly the Federal Reserve, will not be able to exit from unconventional monetary policy in a benign manner and will ultimately remain committed to ongoing central bank balance-sheet expansion in one form or another.” He emphasized:

Such a failure to exit from unorthodox monetary policy in a benign manner is likely to culminate in the collapse of the U.S.-dollar paper standard to the benefit of both gold bullion owners and also owners of bitcoin.

Wood advised investors to regard their gold and bitcoin holdings as a type of insurance, rather than short-term trades. Additionally, he recommends that U.S. dollar-based long-term global investors, including pension funds, allocate 10% of their portfolios to BTC. Open / Comment

2023-10-07 20:20:00 Bitcoin, Ethereum Technical Analysis: BTC Back Above $28,000 Following Comments from Joe Rogan, Sam Altman

Bitcoin traded above $28,000 to start the weekend, after Joe Rogan commented that it had a chance of becoming a “universal viable currency.” Additionally, traders also reacted to yesterday’s U.S. nonfarm payrolls, which rose by 336,000 in September, more than the 170,000 many had expected. Ethereum was marginally higher on Saturday.

Bitcoin (BTC) continued to trade around the $28,000 level on Saturday, as traders responded to podcast phenom Joe Rogan, discussing the cryptocurrency. Speaking to founder of Openai Sam Altman, Rogan said, “That’s the one that has the most likely possibility of becoming a universal viable currency.”

BTC/USD peaked at $28,252.54 following the comments, following a low at $27,215.55 during Friday’s session. Looking at the chart, the move came after the relative strength index (RSI) broke out of its own price ceiling at 61.00.

Currently, price strength is now tracking at a reading of 62.25, with the next visible ceiling at the 65.00 mark. Should the index reach this point, there is a strong possibility that bitcoin will be trading above $28,500.

Despite not being lauded by Rogan, ethereum (ETH) also made marginal gains to start the weekend. Following a low of $1,613.38 on Friday, ETH/USD moved to an intraday high of $1,659.61 as the session progressed.

As of writing, gains have somewhat faded, with the world’s second largest cryptocurrency now trading at $1,641.61. The 14-day RSI on ethereum is now hovering near a resistance of 50.00, however unlike BTC, it has not yet been able to break out of this zone. Open / Comment