ATAF - All True American Friendship 🇺🇸 🤝 🇺🇸 ️🤝 🇺🇸

2022-01-21 18:44:41 Joe Biden Claims Inflationary Pressure 'Rests With the Federal Reserve,' Praises the Fed's 'Extraordinary Support'

On Wednesday, U.S. president Joe Biden explained that the country’s central bank was dealing with a large share of the inflationary pressures the American economy is dealing with today. Biden welcomes the possibility of tightening monetary easing and noted that he “respects the Fed’s independence.”

Follow & share @TransAmericanFriendship Open / Comment

2022-01-20 20:55:28 The Nasdaq Composite just logged its 66th correction since 1971. Here’s what history says happens next to the stock market.

The Nasdaq Composite Index COMP, 1.59% on Wednesday booked its first close in correction territory since March, with a rapid surge in Treasury yields and expectations for interest-rate increases from the Federal Reserve blamed for weakness in the formerly highflying benchmark.

The technology-heavy index is off to a terrible start, down 8.3% so far, in 2022, closing Wednesday down 1.2% at 14,340.26, putting it down 10.69% below its Nov. 19 recent peak, meeting the common definition for a correction in an asset’s value.

The index has registered a correction 65 times (not including Wednesday’s) since it was launched in 1971, and of those corrections, 24 of them, or 37%, have resulted in bear markets, or declines of at least 20% from a recent peak, according to Dow Jones Market Data.

Follow & share @TransAmericanFriendship Open / Comment

2022-01-20 20:10:04 It’s a Big Day ahead for Cryptos as U.S Congress Talks Cryptos and the Environment

A U.S Congress subcommittee talks crypto mining and the environment today. Following China’s ban, will the U.S follow suit?

There’s been plenty of regulatory and government chatter on cryptos in recent months. Late last year, a Stablecoins Committee Hearing looked into stablecoins, with stablecoiners receiving some tough questions.

The Stablecoins Committee Hearing looked into the risks associated with the likes of USD Coin (USDC). We have yet to hear of any action plans from Congress in response to the hearing.

Today’s hearing is scheduled to address issues relating to cryptos, the environment and energy.

Follow & share @TransAmericanFriendship Open / Comment

2022-01-19 18:11:55 Canadian inflation hits 30-year high, boosting chances of early rate hike

Canada’s annual inflation rate accelerated again in December, hitting a 30-year high, data showed on Wednesday, bolstering expectations the central bank could start hiking interest rates as early as next week.

Inflation rose to 4.8%, in line with expectations and up from 4.7% in November, Statistics Canada said. It was the ninth consecutive month in which headline inflation topped the Bank of Canada’s 1-3% control range.

Core inflation measures all rose, with the closely watched CPI common measure hitting a near 10-year high at 2.1%.

“The worst thing they can do during the pandemic is to show they are not serious about containing cost of living pressures.”

Follow & share @TransAmericanFriendship Open / Comment

2022-01-19 16:01:39 US Airlines, Telecom Carriers Feuding Over Rollout of 5G Technology

Major U.S. air carriers are warning that the country’s “commerce will grind to a halt" if Verizon and AT&T go ahead with plans to deploy their new 5G mobile internet technology on Wednesday.

The airlines say the new technology will interfere with safe flight operations.

The dispute between two major segments of the U.S. economy has been waged for months in Washington regulatory agencies, with the airline industry contending that the mobile carriers’ technology upgrade could disrupt global passenger service and cargo shipping, while the mobile carriers claim the airlines failed to upgrade equipment on their aircraft to prevent flight problems.

The new high-speed 5G mobile service uses a segment of the radio spectrum that is close to that used by altimeters — devices in cockpits that measure the height of aircraft above the ground.

Follow & share @TransAmericanFriendship Open / Comment

2022-01-18 21:58:53 Republicans may win not just House but also Senate in midterm elections — here are 2022’s Senate races to watch

Republicans are widely expected to regain control of the U.S. House of Representatives in this November’s midterm elections, with betting market PredictIt giving an 84% chance for that outcome.

The GOP is getting good odds for taking back the U.S. Senate, too, as PredictIt puts them at 73%.

Having his Democratic Party lose its grip on both chambers of Congress would be a considerable setback for President Joe Biden. Analysts have said that could mean that “all of the activity moves to regulation” by the executive branch, including “much more aggressive actions as it relates to bank, energy, healthcare, and antitrust regulation.”

So which Senate races are worth tracking, as 34 seats in that 100-member chamber are up for grabs this year?

Follow & share @TransAmericanFriendship Open / Comment

2022-01-18 17:39:27 Analysis-With Omicron, global economy spots chance to push past COVID

Governments worldwide are easing quarantine rules, reviewing coronavirus curbs and dialling back pandemic-era emergency support as they bid to launch their economies back into some version of normality.

The moves, motivated by the lower severity of the Omicron variant and the need to keep workers in work and the global recovery on track, have generated a whiff of optimism that has lifted oil and stock prices.

Health experts say the variant’s rapid spread may yet herald a turning point in the pandemic.

However, they add, much depends on how authorities manage ongoing vaccination rollouts and balance other health measures still needed, while persuading their citizens not to throw caution to the wind.

Follow & share @TransAmericanFriendship Open / Comment

2022-01-18 17:27:23 Bitcoin Is Revolutionizing Global Money Management

The barriers to entering global financial markets are archaic. Overextended processing times, high transaction fees, deadweight loss due to exchange rates, the list goes on. While these might be excusable in a settlement system still in its infancy, I am describing the SWIFT system, our global international banking network, created in 1973. For a service coming up on its 50th birthday, you’d expect modern technology to have made its way into the mechanisms by which SWIFT allows international financial messaging. Yet, it remains largely unchanged.

Surprisingly enough, SWIFT still maintains most of its functionality that could be found in its 1973 iteration, just with a thicker coat of dust today. Cross-border payments were a hurdle that SWIFT solved brilliantly in its era.

The question is will the competition, namely governments with a vested interest in their fiat currency, allow it?

Follow & share @TransAmericanFriendship Open / Comment

2022-01-17 15:19:06 Euro Inflation Hits Record Highs, ECB Not in Rush to Raise Interest Rates

The European Central Bank is concerned over inflation in the euro area rising beyond its own expectations, a high-ranking ECB official has admitted. However, Europe’s monetary authority is not prepared to raise interest rates at this point in time, the executive unveiled.

Annual inflation in the area of the common European currency, the euro, has increased for a sixth consecutive month to a record high of 5% in December, according to preliminary estimates from Eurostat quoted by Trading Economics. The last time inflation declined was in June when it fell to 1.9% from May’s 2%.

Do you think central banks around the world will eventually raise interest rates in response to growing inflation?

Follow & share @TransAmericanFriendship Open / Comment

2022-01-16 16:22:27 Smartphones, laptops and oddball gadgets: CES 2022 showcases tech's latest innovations

CES, one of the world's biggest tech trade shows, kicks off Wednesday in Las Vegas with its first in-person event since the start of the pandemic. While the conference may look a little different in 2022, it's still showcasing the familiar mix of innovative and wacky products that make an appearance year after year.

Beyond the laptops, tablets and smartphones, the event will feature a number of oddball gadgets, including dehumidifying earbuds (yes, you read that right), smart light bulbs that monitor your sleep and even smart bath technology that lets a bathtub fill itself.

Here's a look at some of the buzziest products to watch for at CES 2022, based on company announcements and a press day on last Tuesday.

Follow & share @TransAmericanFriendship Open / Comment