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US Inflation Rate in August Runs Hot at 8.3%, Peter Schiff Says America’s ‘Days of Sub-2% Inflation Are Gone’

On September 13, the U.S. Bureau of Labor Statistics reported the country’s consumer price index (CPI) inflation jumped by 8.3% annually in August. The reduction was less than expected and…

Continue ReadingUS Inflation Rate in August Runs Hot at 8.3%, Peter Schiff Says America’s ‘Days of Sub-2% Inflation Are Gone’

Elon Musk, Cathie Wood sound ‘deflation’ alarm — is Bitcoin at risk of falling below $14K?

Bitcoin price could resume its downtrend if the Fed keeps on hiking rates against the prospects of a rising unemployment rate.

Continue ReadingElon Musk, Cathie Wood sound ‘deflation’ alarm — is Bitcoin at risk of falling below $14K?

Cato Institute CEO says his daughter married the ‘Bitcoin Sign Guy’ from 2017 hearing

Jerome Powell said that he also had “close family members” who argued that crypto was still in the development phase, suggesting Bitcoin proponents may be close to home.

Continue ReadingCato Institute CEO says his daughter married the ‘Bitcoin Sign Guy’ from 2017 hearing

Analyst Warns US Debt Crisis Is Possible — Rising Treasury Yields, Inflation, Stock Market Rout Could Cause ‘Multiple Black Swans’

Wall Street’s major indexes closed the day in red on Tuesday, alongside cryptocurrencies, and precious metals like gold and silver taking some percentage losses. The leading crypto asset bitcoin dropped…

Continue ReadingAnalyst Warns US Debt Crisis Is Possible — Rising Treasury Yields, Inflation, Stock Market Rout Could Cause ‘Multiple Black Swans’