Listen to top audio clips on 2007

Markets Daily Crypto Roundup

05:55 min | 1 d ago

A highlight from Crypto Update | Ether Futures ETFs Emerge as SEC Extends Bitcoin ETF Decision Window

"This episode of Markets Daily is sponsored by Kraken. It's Friday, September 29th, 2023, and this is Markets Daily from CoinDesk. My name is Noelle Acheson, CoinDesk collaborator and author of the Crypto is Macro Now newsletter on Substack. On today's show, we're talking about inflation, crypto ETFs and more. So you don't miss an episode, be sure to follow the podcast on your platform of choice. Just a reminder, CoinDesk is a news source and does not provide investment advice. Bitcoin's price jumped again yesterday, accelerating the upward trend. Since the jump, it has been oscillating around $27 ,000. At 10 a .m. Eastern Time, it was at 26 ,895, up 1 .2 % over the past 24 hours. Ether has been doing even better as the first Ether futures ETF starts trading today. I'll have more on this in a moment. Earlier today, Ether was trading at $1 ,669, up twice as much as Bitcoin, at 2 .4%. The boost to crypto market is most likely partly due to accelerated launch of Ether -linked ETFs. These put a convenient wrapper around Ether exposure for retail and institutional investors. It also coincides with a drop in U .S. yields, which suggests that macro considerations are still very relevant. Let's dive into these for a moment. The U .S. 10 -year Treasury yield reached a multi -year peak yesterday of almost 4 .7%, its highest since 2007. We also saw the German bond benchmark yield reach its highest since 2011. The U .K. 10 -year gilts hit levels last seen a year ago during the country's bond crisis. And even Japan's 20 -year government bond yield rose to its highest level since 2014. In the latter half of the U .S. trading day yesterday, however, sentiment seemed to turn. Bond prices started to recover, bringing yields down. This coincided with yesterday's jump in the Bitcoin and Ether prices I mentioned above. Yields in Europe today continued the trend. And then early this morning, we got good news on the inflation front. The U .S. Personal Consumption Expenditures Index, known as the PCE, came in slightly better than expected. This is significant, as the PCE is the Federal Reserve's preferred inflation gauge as it measures goods and services bought by all U .S. households and nonprofits. The CPI, in contrast, only measures purchases by urban households. The Core PCE Index, which strips out energy and food, grew by 3 .9 % year -on -year in August. This is still above the Fed's target 2%, but it is lower than July's 4 .3 % year -on -year growth. So far, this has been achieved without a strong spike in unemployment. The downward direction of core PCE growth suggests that the Fed might be able to avoid another rate hike this year. It's too soon to tell, obviously, and the tea leaves are going to get more complicated to read given the government shut down that, barring a last -minute save, starts tomorrow. Next Friday would have given us the latest official employment data, a key factor in the Fed's thinking and in investors trying to with a private sector proxy out on Wednesday. This is useful, but the two data points are not always correlated. Moving over to stock markets, on the back of this good news, U .S. stocks seem to be determined to claw back some of their September losses before the month ends. Yesterday, the S &P 500 was up almost 0 .6%, and so far today is continuing its upward trend another 0 .6%. The Nasdaq, which in theory is even more sensitive to interest rate expectations, is up double that. The more industrial Dow Jones is up only 0 .2%. This is starting to look like a risk -on rally. However, today is the last trading day of the quarter for traditional markets, so there could be some repositioning as well as options expiry manoeuvring going on. Europe also got some good news this morning on the inflation front. The Eurozone CPI came in better than expected, with a 4 .3 % year -on -year increase for September. This is its lowest level in two years and is notably down from August's 5 .2 % increase. Stripping out energy and food, the Core Index grew by 4 .5%, down from 5 .3 % in August. Good news there. This has been Boosting Equities. Earlier this morning, the German DAX was up over 1 .1%. A similar story is playing out in Japan, where the Tokyo Core CPI index increased by 2 .5 % year -on -year in September, lower than expected, and lower than August's 2 .8%. A sell -off in the country's bonds continued, however, and the government resorted to unscheduled bond buying overnight to support the market. The intervention was small and could just make traders even more nervous. The Nikkei stock index was down slightly on the day. In commodities, the oil price is retreating from yesterday's highs in response to the respite in bond yields. The Brent crude benchmark is down over 0 .6%, trading at $93 .5 per barrel. Gold was also weaker today as markets adopted a more risk -on mood. Earlier it was trading at $1 ,860 per ounce, down 0 .25%. Over the past month, gold is down just over 4%. Stay tuned, after the break we'll take a look at more moves on the ETF front.

Noelle Acheson Wednesday $1 ,669 2 .4% 5 .3 % 5 .2 % 0 .25% 3 .9 % 4 .5% 2 .5 % July 4 .3 % Federal Reserve 2 .8% Friday, September 29Th, 2023 0 .6% Next Friday 20 -Year Yesterday

Bloomberg Businessweek

00:09 min | 2 hrs ago

Fresh update on "2007" discussed on Bloomberg Businessweek

"For Google user data is raising some serious privacy concerns. Plus we talk with one of the producers the newly released feature film Dumb Money which portrays some of our most talked about financial titans and street investors the main who took them for a multi billion dollar ride. Unbelievable. All of that to come we begin with the big picture money markets and the macro environment and how we assess the worries of investors and traders especially when it comes to sticky inflation and a federal reserve that is hell -bent on getting inflation back to its 2 % target. These worries continue to play out in a trade where stocks move lower and US Treasury yields higher. With us is someone who thinks about it all and connects the dots. Peter Atwater he's adjunct professor of economics at William & Mary who before that worked in a financial services and with hedge funds. You might recall that he coined Carol the term K shape recovery. Yeah he did indeed he was recently on to talk about his new book The Confidence Map which came out in July. How are you thinking about kind of the things that are coming at investors right now and just the world at large? Well you know there's a lot coming at investors but what's been so striking to me about the past couple of weeks is the absence of emotion. We've watched the sell -off in bonds, we've watched the sell -off in stocks, we've watched oil prices rise and there's this remarkable at ease that investors seem to have even though markets have gotten oversold or in the case of oil bought and it's really inconsistent to me with what prices would suggest. So I'm perplexed that people are taking all of this as calmly as are they particularly because it wasn't you know six months ago interest rates were at this level and people were panicking about the banks and it's a big gone today. So what do you attribute that to? I'm a little worried about real complacent behavior on the part of investors. There's no sense of that things could get worse whether in terms of the economy itself or higher interest rates or inflation. There's almost this sense of Okay this is what it is until the economy gives us signals that it's weakening or until the consumer rolls over we're going to count on some sort of miraculous landing of this. One thing that Carol and I talked about this week was the depletion that we're seeing when it comes to cash the savings of Americans. Household balance sheets. I mean pretty much everyone except the top 20 % has run out of that excess cash savings that they had during the pandemic and post -pandemic. I worry about those at the low end where the cash ran out ran out a long time ago. I think it's interesting that folks are only taking of note it now, but for those at the bottom this is a phenomenon that's now more than a year old. And so you're starting to see that roll into delinquency rates, particularly in automobile loans and credit card loans. And the automobile loan one worries me because, particularly for low -income individuals, the car is the job. And they don't have the flexibility of work from home that many above do. Are you comfortable with some of the data points that are out there including the labor statistics here in the United States? You know, I'm comfortable with the statistics, but what is clear even with these statistics is that jobs are not equating to confidence and that you've seen no material improvement in mood even though jobs have come back and people are working more. We do ourselves a disservice to think that having a job is going to boost confidence. So we're not talking about luxury goods where you can do with or without. We're talking about essentials and so that creates this sense of vulnerability where people feel hostage either to the price scarcity or the supply scarcity or the demand scarcity. Everything you're talking about we could have talked about six months ago. We could have talked about in January before the run -up of close to 20 on % the S &P 500 this year which by the way has now been pretty much cut in half at this point. So Peter, what were people ignoring what and does it portend for the future? So if I look at the markets over the last six months I think the indices are masking what's really going on which is this enormous stratification where the low end Brussels small cap stocks are you know barely and and this is an indication of declining confidence and declining success for small businesses and so I worry that investors by pouring money into the thoroughbreds into the Amazon and Apple and Google and Microsoft are being misled by the fact that things are troublesome below the surface the other you know 495 companies. The other thing I guess I would I would go to is that when we talk about rates and we constantly keep going well you know highest rates since 2007 or the 08 like and that time really felt like the bottom was going to come out from under us. It doesn't necessarily feel like that time today that bad but then again is because it we're not necessarily really reading what's going on are we missing things. Yeah and I think we're in still this unwind from negative interest rates two years ago and so we tend to look at it on an absolute basis but it's going to be interesting to see how balanced investors feel when they get their statements at the end of the quarter where both their folders don't wait to get the statements they you know log in when they see red. I check periodically but you're right it's like a reality check of like it's again a reminder not goes everything up. But when we do go like is there something that was significant when we do make those references back to 2007 -2008 which was such a significant time in this country as well as certainly within the financial market universe is it are we setting up for a period another period that's as rough as some of the stuff we went through there in terms of the markets? So I think what's been so interesting in the past two years is we're seeing a unwinding concurrent of extreme sentiment in both stocks and bonds. The trade isn't risk on versus risk off. It's risk on versus risk out. And you're seeing that in the growth in money market funds where money is leaving the market outright. that's And it that's a trend we need to keep a lot of attention on because you know 708 other than a few weeks there was this rotation into bonds out of stocks. And we're not seeing that even though yields are significantly higher than they were recently. So where's the money going? It's going into money market funds. Over 5 % in a money market fund. just set You it in there until you're earning more than 10 year yields today. I mean so it's it's a really it's cash has become a viable alternative and as I said with stocks and bonds moving down in price together that it could feed upon itself. Will it stay that way? Who knows? But But I mean at a certain point bonds are going to become attractive to some of these people, right? So that's the question if bonds were a bubble, if negative interest rates were a sign of extreme sentiment then likely we're to see that rising rates falling prices don't don't draw a crowd. That that we've seen everybody who was going to buy a bond did and much as you see when stock market bubbles unwind lower price doesn't draw anybody. You get the original bounces but this it's a it's a perpetual unwinding machine. Is it safe to say and I think you you mentioned this earlier we've never come out of a pandemic. We've never come out of a time period like this. don't We really ultimately know how it all settles. We don't and but let me let me create a bull case here. You talk out of both sides of my mouth. We've talked about all this cash going into or all the money going into money markets. That then becomes a potential source for further enthusiasm if sentiment were to bottom. The cash on the sidelines grows. And there's a lot of it. I mean there's an enormous amount of cash sitting there and and so you could have this powerful reversal where the crowd says that was it. That was as bad as it got and we're back to the races. I mean if you're saying that like the S &P 500 at 4 ,500 you were regretting not putting some money in now it's at 4 ,200. And you're like okay maybe it's time or there could be further to go.

CoinDesk Podcast Network

05:55 min | 1 d ago

A highlight from MARKETS DAILY: Crypto Update | Ether Futures ETFs Emerge as SEC Extends Bitcoin ETF Decision Window

"This episode of Markets Daily is sponsored by Kraken. It's Friday, September 29th, 2023, and this is Markets Daily from CoinDesk. My name is Noelle Acheson, CoinDesk collaborator and author of the Crypto is Macro Now newsletter on Substack. On today's show, we're talking about inflation, crypto ETFs and more. So you don't miss an episode, be sure to follow the podcast on your platform of choice. Just a reminder, CoinDesk is a news source and does not provide investment advice. Bitcoin's price jumped again yesterday, accelerating the upward trend. Since the jump, it has been oscillating around $27 ,000. At 10 a .m. Eastern Time, it was at 26 ,895, up 1 .2 % over the past 24 hours. Ether has been doing even better as the first Ether futures ETF starts trading today. I'll have more on this in a moment. Earlier today, Ether was trading at $1 ,669, up twice as much as Bitcoin, at 2 .4%. The boost to crypto market is most likely partly due to accelerated launch of Ether -linked ETFs. These put a convenient wrapper around Ether exposure for retail and institutional investors. It also coincides with a drop in U .S. yields, which suggests that macro considerations are still very relevant. Let's dive into these for a moment. The U .S. 10 -year Treasury yield reached a multi -year peak yesterday of almost 4 .7%, its highest since 2007. We also saw the German bond benchmark yield reach its highest since 2011. The U .K. 10 -year gilts hit levels last seen a year ago during the country's bond crisis. And even Japan's 20 -year government bond yield rose to its highest level since 2014. In the latter half of the U .S. trading day yesterday, however, sentiment seemed to turn. Bond prices started to recover, bringing yields down. This coincided with yesterday's jump in the Bitcoin and Ether prices I mentioned above. Yields in Europe today continued the trend. And then early this morning, we got good news on the inflation front. The U .S. Personal Consumption Expenditures Index, known as the PCE, came in slightly better than expected. This is significant, as the PCE is the Federal Reserve's preferred inflation gauge as it measures goods and services bought by all U .S. households and nonprofits. The CPI, in contrast, only measures purchases by urban households. The Core PCE Index, which strips out energy and food, grew by 3 .9 % year -on -year in August. This is still above the Fed's target 2%, but it is lower than July's 4 .3 % year -on -year growth. So far, this has been achieved without a strong spike in unemployment. The downward direction of core PCE growth suggests that the Fed might be able to avoid another rate hike this year. It's too soon to tell, obviously, and the tea leaves are going to get more complicated to read given the government shut down that, barring a last -minute save, starts tomorrow. Next Friday would have given us the latest official employment data, a key factor in the Fed's thinking and in investors trying to with a private sector proxy out on Wednesday. This is useful, but the two data points are not always correlated. Moving over to stock markets, on the back of this good news, U .S. stocks seem to be determined to claw back some of their September losses before the month ends. Yesterday, the S &P 500 was up almost 0 .6%, and so far today is continuing its upward trend another 0 .6%. The Nasdaq, which in theory is even more sensitive to interest rate expectations, is up double that. The more industrial Dow Jones is up only 0 .2%. This is starting to look like a risk -on rally. However, today is the last trading day of the quarter for traditional markets, so there could be some repositioning as well as options expiry manoeuvring going on. Europe also got some good news this morning on the inflation front. The Eurozone CPI came in better than expected, with a 4 .3 % year -on -year increase for September. This is its lowest level in two years and is notably down from August's 5 .2 % increase. Stripping out energy and food, the Core Index grew by 4 .5%, down from 5 .3 % in August. Good news there. This has been Boosting Equities. Earlier this morning, the German DAX was up over 1 .1%. A similar story is playing out in Japan, where the Tokyo Core CPI index increased by 2 .5 % year -on -year in September, lower than expected, and lower than August's 2 .8%. A sell -off in the country's bonds continued, however, and the government resorted to unscheduled bond buying overnight to support the market. The intervention was small and could just make traders even more nervous. The Nikkei stock index was down slightly on the day. In commodities, the oil price is retreating from yesterday's highs in response to the respite in bond yields. The Brent crude benchmark is down over 0 .6%, trading at $93 .5 per barrel. Gold was also weaker today as markets adopted a more risk -on mood. Earlier it was trading at $1 ,860 per ounce, down 0 .25%. Over the past month, gold is down just over 4%. Stay tuned, after the break we'll take a look at more moves on the ETF front.

"This episode of Markets Daily is sponsored by Kraken. It's Wednesday, September 20th, 2023, and this is Markets Daily from Coindesk. My name is Noelle Acheson, Coindesk collaborator and author of The Crypto's Macro Now newsletter on Substack. On today's show, we're talking about crypto activism and another DeFi hack. And just a reminder, Coindesk is a new source and does not provide investment advice. Now, a markets roundup. Crypto assets were mixed today. At 10 a .m. Eastern time, Bitcoin was up almost eight -tenths of a percent over the past 24 hours, trading at $27 ,164. Ether, on the other hand, was down four -tenths of trading at $1 ,631. Ether's underperformance could be a market reaction to a series of reports from blockchain sleuths of large transfers of the asset to exchanges. While it is hard to know exactly what is behind on -chain movements, the reports could be enough to spook some investors into getting out ahead of what might be potential sell pressure. Meanwhile, Bitcoin trading volume continues to fall. A report from K33 Research published yesterday shows that Bitcoin spot volumes dropped a further 8 % over the past seven days. This has been driven largely by sharp declines in activity on Binance, the world's largest crypto exchange in terms of trading volume. The seven -day spot volume average on Binance is down 57 % since the beginning of the month. Most other exchanges are flat over the same period, with Coinbase registering a 9 % increase. It remains to be seen where the volumes leaving Binance will end up, if anywhere. Much of the drop could be from more liquidity providers leaving the platform in the face of intensifying legal pressure on the exchange from US regulators. This is likely to have a further dampening effect on liquidity, which could further delay the entrance of large investors. Institutions generally need a certain amount of liquidity to be assured that their orders won't unduly distort the market, and that they could exit easily if necessary. In traditional markets, US stocks are heading up this morning as traders brace for the FOMC rates decision later today. The S &P 500 was up over 0 .3%, the Nasdaq up 0 .2%, and the Dow Jones up almost 0 .5%. While the market is pricing at a pause, attention is now focusing on the likelihood of another hike before the end of the year. CME futures show odds swinging in favour of no more hikes this year, implying that the peak is already in. This would be good news for stocks which are already looking ahead to the likely timing of rate cuts. The bond market, however, is signalling that it expects US rates to be higher for longer. This morning, the yield on the 10 -year US Treasury reached its highest point since 2007. The updated FOMC summary of economic projections due to be published today should shed some light on the Fed's expectations for rate cuts next year. In Europe, the FTSE 100 jumped this morning on news that UK inflation came in lower than expected. The year -on -year increase for August was 6 .7%, notably better than the consensus forecast of 7%, and the lowest level in 18 months. Tomorrow, we hear from the Bank of England as to the outlook for UK interest rates. Odds for another hike tomorrow have dropped to below 60 % after being an almost sure thing just a few days ago. Earlier this morning, the FTSE 100 and the German DAX index were up almost 0 .09%, while the Euro stock 600 was up just over 1%. In Asia, Japan's Nikkei index was down almost 0 .07%, as data out earlier today showed the country's exports dropping for the second consecutive month. In China, the Shanghai Composite fell more than 0 .5 % after Chinese banks left their benchmark loan prime rates unchanged in line with the central bank's oil prices finally seem to be taking a breather, with the Brent crude benchmark down almost 1 .5 % over the past 24 hours, trading at $94 a barrel. This comes as Goldman Sachs raised its forecast for crude to $100 a barrel, citing strong consumption coupled with production cuts. Gold saw a sharp bounce this morning, with the price jumping over 0 .5 % in half an hour, trading as high as $1 ,943 per ounce. This has led to speculation of a large buyer entering the market. It could also be a reaction to a decline today in the DXY dollar index. Stay tuned. After the break, we'll take a look at investor trust in DeFi platforms and efforts to mobilize crypto Meet voters. the all new Kraken Pro, the powerful, customizable, beautiful way to trade crypto. It's Kraken's most powerful trading platform ever, packed with trading features like advanced order management and analytics tools, all in a redesigned modular trading interface. So head to pro .kraken .com and trade like a pro. Welcome back. In this section, we're going to look at crypto activism. But first, another DeFi attack hits crypto. This morning, decentralized trading protocol Balancer said that its web front end was suffering from an exploit and urged users not to interact with the website. According to data platform DeFi Llama, Balancer has a total value locked of about $700 million, making it the fourth largest decentralized exchange. The attack comes roughly a month after Balancer warned the public about an unrelated vulnerability in the protocol's pools. On -chain data show that, so far, over 200 ,000 has been stolen in this exploit. This is not a large amount by crypto hack standards, but it is significant in that it could further weaken investor trust in DeFi platforms. Crypto exploits have caused losses of over $1 billion so far this year, according to blockchain security firm Certik. Recent hacks have highlighted that there are many potential vectors of vulnerability. It's not just the core application code. This further complicates DeFi utility for investors looking for yield, especially given the high yield available now in traditional markets with much lower risk. On a more uplifting note, Coinbase is rallying grassroots activism. Yesterday, the crypto exchange published a blog post urging crypto's 52 million users, according to the company, to call their congressman. The company's Stand with Crypto Alliance will be organizing events across nine states. Coinbase is also launching a paid media campaign that aims to show how powerful the crypto lobby can be. On December 27th, Stand with Crypto Day will convene entrepreneurs and developers from around the country in Washington DC to meet with government officials. And the platform has also launched an app to make it super easy for users to reach the right people in Congress. This could have an impact. After all, if only 10 % of the reported 52 million users make a call, that's a lot of collective phone time. It should also send a strong signal that crypto users have political opinions and that pro -innovation candidates are likely to win their support as the US elections approach. That's it for today's show. You can reach us at podcasts at coindesk .com. Do also please send us questions you'd like us to address on the Spotify Q &A. Follow us and if you like the show, please leave us a five star rating on whatever platform you're listening to us on. Markets Daily is produced and edited by Michelle Musso with executive production by Jared Schwartz. I'm Noa Latcheson for Coindesk. We're back tomorrow with more market news and insight.

Michelle Musso Noelle Acheson Jared Schwartz Noa Latcheson $1 ,631 Washington Dc Wednesday, September 20Th, 202 $27 ,164 Goldman Sachs December 27Th 6 .7% Europe Five Star 0 .2% August Asia Tomorrow Over 200 ,000 China Fomc

Bloomberg Radio New York - Recording Feed

01:52 min | Last week

Monitor Show 00:00 09-20-2023 00:00

"Interactive brokers clients earn up to USD 4 .83 % on their uninvested instantly available cash balances rates subject to change visit ibkr .com slash interest rates to learn more here the full conversation on the latest edition of the masters in business podcast subscribe on Apple Spotify and anywhere else you get your podcasts plus listen anytime on the broadcasting 24 hours a day at Bloomberg .com and the Bloomberg Business Act this is Bloomberg radio this is public daybreak Middle East and Africa our top stories this morning it's that day the central bank is expected to pause but leave the door open for another increase as early as November five and ten year Treasury yields hit levels not seen since 2007 amid higher for longer fear oils recent rally will certainly be a cause of concern for the FOMC meanwhile sources tell Bloomberg that one single trading firm is behind the recent price up in the u .s. physical crude market inflation also in focus for the UK this morning with CPI data due in a couple of hours expected increase will make the Bank of England's already difficult job even harder we're gonna go live to London later this show and Saudi Arabia's football spending spree may have transformed it into one of the world's biggest transfer markets league games are averaging just eight and a half thousand spectators and then highlights just how far it has to go just got 8 a .m. across the emirates 6 a .m.

8 A .M. London 6 A .M. Fomc Bloomberg Business Act Bank Of England 2007 Middle East 24 Hours A Day Africa Ibkr .Com Eight And A Half Thousand Spec November Five This Morning ONE Central Bank Usd 4 .83 % Saudi Arabia One Single Trading Firm A Couple Of Hours

Crypto Banter

10:41 min | Last week

A highlight from 3 Altcoins I'm Buying This Week! (Insiders Are Accumulating)

"Insiders are accumulating. At least that is what some of the on -chain indicators were showing us overnight. But in today's video, I want to break down exactly how the market is looking in what has been super interesting price action and give you the main altcoins that I am watching this week. As you guys know, it is a Monday stream which means it's an altcoin watch this show where I go through my favorite plays of the week, one of which is actually Bitcoin this week given the recent price action that we're seeing. And I'm actually live this week. So a lot of you guys that have been watching my shows over the last week or so would know I've been pre -recording. But now I'm back in the studio which means I'm back to live streaming most days. So yeah, I can interact with comments today, do a bit more of, you know, interacting with comments, talking about alts. So if you guys have any questions that you have about any of the plays that I'm setting up for this week, ask me in the comments and I'll get to them and we can make it more of a collaborative show. Welcome back all of my loyal viewers. I noticed we have some regulars here. We've got BlackSales, Rob, Crimson, you guys are back even though I haven't really been that consistent. So thank you guys for joining. Luigi says he's present as well. And let's get straight into the show. So before we get into the alts that I'm looking at this week, the first thing I want to do is look at Bitcoin because there are a few major things happening that I saw in both the on -chain data and the centralized exchange data. The first thing to note is that Bitcoin pivoted nicely off this horizontal range support at 25k. We know that structurally 25k is the key level to keep your eye on. Bitcoin actually responded pretty well in this region and I mean if you really want to simplify the market right now from a TA perspective, all you really need to know is that you have this major 25k support. You break below and Bitcoin is looking bearish from a momentum perspective. You break above the 31k zone and that puts Bitcoin into bullish territory. Maybe people don't really like simplifying things too much because we all love to know what's going to happen in the short term. But if we take a macro lens approach to viewing the market, we can assert that these are the two major ranges and any kind of price action in between then, although it would create opportunities, is not going to come in the way of a definitive bull market or a definitive bearish breakdown. So I think that's an important thing to note as well. Now going into more of the micro here, so going into the daily, going into the four hourly charts to look at what happened with Bitcoin, things start to get really, really interesting. We can see on the daily chart, we pivoted off the 25 .2k level. This was the level that was the initial structural level before the entire BlackRock ETF speculation. So when we got news that BlackRock was filing for an ETF that resulted in a strong pivot from this area at the 25k level, that was in correspondence with a bounce off the diagonal as well as the horizontal support. We pivoted recently off that level and now find ourselves chopping in a new range, which is being formed between the 25k level and the 27k level. Super interestingly, on the four hourly chart, Bitcoin showed like an extremely aggressive move yesterday to the upside and actually pumped into resistance at the 27k level. As you can see here, that was an area that acted as temporary support back in late August before it resulted in an eventual breakdown, therefore a test of the 25k region before Bitcoin actually reversed. And now we get another test, but instead of a support test this time, it's a resistance test into 27 ,300. Now this test was failed, but we can currently see right now Bitcoin is making up its mind on the four hourly chart, whether it wants to close above the 26 ,800 level or not. I still view this as a fairly key level, as it was the initial marking of the range that was initially set out in August. We can kind of hold above there that I think there's a large chance that we can actually smash the 27k level. But of course that's wishful thinking because right now Bitcoin is currently reversing and looks like it does want to close below, which would simply mean more chop over the next few days. So definitely keep your eye on that as well. In terms of open interest, this is where the tile and the title of this video comes in, at least at the time of recording. We might end up changing it later. That's the massive spike that we saw in open interest. So open interest is indicative of the total futures positioning in the market, both long and short for, in this case, Bitcoin. And what we saw last night was the largest open increase amount in a single day with a 15 % increase in the total open interest level. You can see here that's exhibited by this flurry of green candles to the upside. This is the open interest chart, which shows like insiders or someone like a big whale presumably was starting to position themselves. Because from a retail perspective, there wasn't much of a general catalyst over the weekend, over Sunday and Monday. But we still saw a massive increase in open interest. So this raised a lot of questions. Are insiders positioning themselves? Is there going to be a spot ETF approval this week? Is something happening behind the scenes? And although those questions are like extremely hard to answer, what we do know is that open interest was essentially faded in the 12 hours preceding the spike in open interest. So what does this tell us? Well, as I said, it's hard to get a definitive answer what the pump caused. It is likely that some sort of like big whale institution fund decided to open a position. I mean, that's what the volume and the open interest increase is suggesting. There was rumors flying around at the time, like by runner expertise, a few other traders, even I did mention this on my Twitter. Like, is this a potential ETF decision coming this week that insiders are starting to position themselves for? I maybe would have been leaning more on the side of yes yesterday. But given the fact that the move got really quickly faded and wasn't able to sustain, I would maybe now err on the side of no. And this was just irregular market movement or someone positioning themselves ahead of what was an eventual flush out. This doesn't mean that open interest can't recover again. Let's see what happens over the next day and see if it comes back. If this was just a short term leverage flush out after the finance news came out, which we're going to get into now. But let's just see where open interest tracks. It still was a huge spike though. And if we do look at open interest aggregated for Bitcoin over the last week or so, we could still see that even though we did have a massive reversal, we're still sitting higher. So we are kind of making higher lows on the open interest if we look at the month of September as a whole. In terms of the Binance news, we did get news that Binance US, the auditor of Binance US, found it very difficult to ensure the company was fully collateralized at specific points in time. Which led to a lot of FUD on Twitter and a lot of FUD online that Binance may in fact be insolvent. And I mean, this is something that has been floating around on Twitter for quite some time. And it seems to be every time the market gets a pullback, it seems to be some sort of Binance news. I mean, I was just a token 2049 in Singapore, by the way, amazing, amazing conference. But most of the negative like headwind -esque reasons why people thought the market could come down were mostly related to Binance. So although we have a lot of catalysts, a lot of tailwinds, the Bitcoin's body tip being one, the Bitcoin halving being one. Maybe like a positive liquidity injection sometime next year if the Fed's forced to pivot being another. So there's a macro argument both for the bull and the bears. Like the overarching bearish headwind that most people referred to was Binance. So it's quite interesting that in terms of just like retail and investor mindshare in general, this Binance FUD seems to be encapsulating the masses. And that is, I think, one of the reasons why every single time we get a pullback or every single time we get Binance news, because it goes hand in hand, right? News can cause price or price can sometimes actually cause news, even though that might sound counterintuitive. That's, you know, results in a Bitcoin dip. BlackSale says don't forget to hit the likes, of course. Remember to smash the like button. If you're watching the show, show me some support on my first livestream back in a while. I did do one last month, but I haven't been too consistent with it. But yeah, but I'm back to livestreaming now. So yeah, we could see the Binance news came out, and this is one of the reasons why Bitcoin decided to reverse. And this is just a topic that we're going to need to keep our eye on. I don't think there's some sort of kneejerk reaction we need to make, because just in order to say that it's difficult to ensure Binance is fully collateralized, that's not asserting that Binance is insolvent. Maybe that's hinting on the fact that their financials are skewed or their financials are ambiguous, but ambiguous financials don't necessarily imply any explicit wrongdoing. So I would be careful to make assertions. Adam Cochrane is definitely not careful in terms of making assertions, because he's asserted for some time now that Binance isn't solvent. If he does turn out to be right, obviously that would be pretty devastating for the market if the market was to realize and we saw some sort of Binance collapse. But people are certainly aware of it, and people are certainly positioning themselves in some way, shape, or form, whether that's in terms of their actual net positioning or just their mindset, that there could be some negative Binance news coming out over the next few months. And maybe that happens sooner rather than later, but I did think that was a contributing factor behind the OI and price reversal today. Someone said recession is coming. This will happen when everyone's unexpected, rates at an all -time high, debts at an all -time high, price at an all -time high. The economy is never the same as before. Yeah, I mean, it does seem like that. However, you've got to remember, every single time we've kind of called for a recession throughout history, I mean, it's a very common thing, right? Pretty much every single year that people are calling for a recession, the market has just gone higher and higher and higher over a wide enough standpoint. Does that mean we can't get downside because of recessionary fears this year? No. Does that mean the market couldn't correct next year? No. All I'm saying is that over time, people tend to assert that a recession is coming and it does come, recessions eventually do come, but a lot of the time they take longer and they come when people least expect it. And right now, I wouldn't say it's least expected. I would say most people are expecting a recession. The thing with recessions is you can't really time them. So even if you know they're coming, there's no real way to actually prepare yourself because even the best fund managers in the world, even the best analysts in the world, they can't pinpoint a recession. So there's no real tangible way to even trade off this. If you think a recession's coming, well, when's it coming? Next year? The year after? The year after? If you're waiting for a recession and there's a huge rally in the interim, then you're giving up potentially the best year of gains in the market, right? Just because you're waiting for a recession. We saw this in years like 2007, which were great years, 2006, leading into recessions, even though people thought the recessions were coming in 2003, 2004, 2005, because they didn't buy them, they gave up the gains over the next five years or three years in that case. Then by the time the recession came, sure, they were right, but markets pulled back to the levels that they were when they were first anticipating the recession. So it's a very difficult one to time. And yet that's why I'm kind of skeptical of letting these narratives infiltrate the way that I trade. The best way to prepare for a recession is to make sure you're adequately diversified.

Adam Cochrane Singapore 2003 2005 2004 27 ,300 August Luigi 2007 Today 2006 Next Year This Week Late August Yesterday Monday This Year 25K Last Night

Spider-Dan And The Secret Bores

03:10 min | 2 weeks ago

A highlight from Walk Hard: The Dewey Cox Story (2007) W/ Nathan-Hobley Smith

"Hello, Darlene Hello, Mr. Cox You ready to sing one? I'm always ready Well, alright In my dreams you're blowing me some kisses That's one of my favorite things to do You and I could go down in history That's what I'm praying to do with you Let's do it In ways that make us feel good Let's do it And make that sacred sound Put two and two together Perfect harmony we found We know it's only natural Let's do it I am from beyond Listen, and all you desire will be yours Welcome to Spider -Man and the Secret Wars Prepare for practice Welcome to Prattle World, I am your host the ever amazing, ever spectacular Spider -Dan And in this podcast I spotlight entertainment's best kept secrets that a mainstream audience may find boring And welcome to Secret Defenders where I task my guests to defend their favorite movies that are underrated, infamous or obscure And we are welcoming, it's been a long while since we've had this guest on, a very long time There's been babies, there's been marriages, there's been shows, there's been him playing Mr. Burns at one point It's been a wacky journey he's been on, he's been a busy boy, he's been a busy boy And not once has he ever paid for drugs, not once And he's here again, it's been literal years, I think the last one we did was Ginger Snaps I think It's Nathan Smith, welcome back sir Happy to be back It's been a long while and I think we've talked about this podcast for some time actually We've talked about this film for some time We're going to look at one of the best comedy films of the 21st century One of the best spoofs of the musical biopic It is Walk Hard, the Dewey Cox story We have danced around it and we've talked about it and both of us quite enjoy this film But why is it that you wanted to talk about it, bring it to people's attention Why should more people watch Dewey Cox? I feel John C.

Nathan Smith Darlene John C. 21St Century Both COX TWO Dewey Cox Secret Wars MR. Burns Walk Hard Spider -Dan ONE Ginger Snaps Spider -Man Prattle World One Of One Point One Of The Best Spoofs

Telecom Reseller

17:40 min | 2 weeks ago

A highlight from Data sanitization for the data nation, Verity ES Podcast

"This is Doug Green, and I'm the publisher of Telecom Reseller. And this is a special podcast for the ASCDI NTR publications. And I want to welcome Glenn Jacobson of Verity ES. Glenn, thank you for joining us today. Thanks for having me, Doug. And I also want to welcome Kevin Enders, also of Verity ES. Kevin, thank you for joining us. All right. Thanks, guys, for coming. And we're going to be learning a lot about ITAD today. We're going to be learning a lot about data erasure. We're going to be talking about some of the issues facing not only the ITAD and reseller community, but actually the broader reseller, possibly carry community, really everybody who has to manage or dispose of products that have had been exposed to data. So we're going to be diving into that in just a minute. But first of all, what is Verity ES? So Verity ES is a data erasure software application that was born out of a parent company called Revert Inc. Revert has been a, it's a company, the core competency is data sanitization and it's founded in 2007. They've been doing these types of services since then. And a primary foundation of that service was to perform onsite services because data sanitization is really about protecting customer information, personal, personal identifiable information. And one of the best ways to mitigate the risk of a data breach is to do everything on site. So Revert got its start doing, delivering services to large financial services companies, healthcare organizations, telcos, and other highly regulated industries that have to perform the erasure of data to meet specific standards. So for financial services, it would be something like Sarbanes -Oxley or FISMA from a healthcare perspective, you've got HIPAA high tech, and you have the various PUC rules and regulations around utilities. And by doing this on site, and over the 20 some years that Revert has been doing this, they're not only doing data sanitization, but they're also doing ITS at this position at the enterprise. So they're handling assets that go all the way up and down the information stack. So all the way from tablets and mobile phones, which are really important now in our environment after coming out of the pandemic with bringing your own device, you've got a lot of hybrid working environments, but we're hybrid cloud, public, private cloud, and how are you managing the data and the assets that are within all these different disparate data processing environments. And over these 20 years, what Revert did in doing data sanitization is again, doing this across the information stack, all the way from the desktop, laptop, all the way to the enterprise storage system, even including virtual tape libraries. And one of the things that was found is that with the proliferation of storage media, you've got spinning disk, you have flash disk, you have solid state disk. Even in printers, you have hard disk drives, you have solid state disk drives. In network devices, you have SD cards or compact flash cards. Smart TVs have built in storage, and even cell phones. So smartphones, Blackberries, they have SIM cards. All of these different storage mediums store personally identifiable information. They can store TCP IP addresses, they can store customer information. They can store account numbers, billing information. And all of this is wrapped into how do you protect this data across different industry regulations. We talked about HIPAA and high tech, but there's also European regulations, GDPR. California's new data privacy laws are based on the EU GDPR regulations. And so our business to go and sanitize those assets and either prepare those for the customer to either return to the vendor, if it's like a lease return or something like that, a technology refresh, or to pass down to an ITAD to perform their activities, we found that not one single data sanitization application worked for every single situation, every single storage medium. So what Revert ended up having to do is literally take a toolkit of all different types of commercial off -the -shelf data sanitization applications, all different types of downloadable applications, tools, utilities, methodologies, even the use of low -level SCSI and ATA commands to be able to sanitize various different types of storage media. And so again, about five years ago, the company said, you know, rather than having all these different disparate tools and processes and procedures, wouldn't it be great to develop an internal tool that could do it all itself? And that's how Verity ES was born. So Verity ES was developed to be able to handle all types of different storage media, all different types of IT assets, again, from the laptop, desktop, all the way to the enterprise storage array. It can handle disk drives coming out of printers and fax machines. It can handle smartphones and tablets and things like that. So that again, doing it on site, the assets are sanitized before they ever leave the four walls of the facility. Again, part of our business is also ITAD. So in doing the work that an ITAD does in terms of performing data sanitization, being able to, for example, grade assets based on their marketability. How do you refurbish it, remarket, resell it to maximize the residual value recovery of that asset when it's being sold? One thing that's very important is the storage media. If you're not able to sanitize the storage media that comes out of, say, a five drive server, you automatically, without those drives, the resale value of that asset automatically drops anywhere from 25 to 35%. So if you're able to sanitize the drive without doing anything else to the drive, without impacting the firmware or the specific configuration associated with that server, it maximizes the residual value recovery for the ITAD. It makes it easier for them to be able to resell those assets at its highest value. And that allows an ITAD to do that. The other thing we find with enterprises is that some of them want to do it themselves. And so Verity ES is able to actually be that one application that they can use for all of their information lifecycle assets throughout the enterprise to do it themselves. So that's where Verity ES comes from. So Kevin, it sounds like there's a sort of known unknown, as they say, and there's almost even the unknown unknown. And it's not just for ITAD. It's not just for the people in the reseller community. Glenn brought up very significantly that lots of other companies, especially enterprises, might be disposing of equipment. I was fascinated by learning how many things could be exposed. Monitors, something that was used basically for TV or videos. Printers, fax machines, possibly, I guess. It could be, or even phones. A lot of stuff that's basically... And the reason I'm bringing this up is we live at a moment when a lot of large enterprises are reconfiguring basically their office spaces, are rethinking what they need and don't need. So I know that there's a lot of stuff out there, and it sounds like there may be some landmines people could easily step on. You know, there's a lot of old, and we could spend a long time talking about those. But the overarching challenge, I think, that a lot, especially the enterprise spaces, and the ITAD to a certain degree, is this is something they have to do. Legally, they're obligated to do it. It's not really sexy. They don't really want to. They only do it because they're legally obligated to do so. We always think about when we go into the data centers, they're really obligated to do that. So if you're replacing a device with something cool and new, nobody really wants to deal with the one that's going out. So as these companies are dealing with this, they don't want to be experts on this. They don't want to know all the details associated with it. So what they need to do is to partner with somebody that does. So they need to look for a company that can provide them not only with software, but with the knowledge of what those blind spots really are. Like I said, again, they don't want to be good at this. It's really not something that's in their core wheelhouse. It's not something they can define as a differentiator to their customers. So one of those things they need to do is have a higher expectation for the companies that they're engaging with. So those companies can help them understand what those blind spots are, and either execute to close those blind spots, or help them understand how to close those blind spots themselves. Now, Kevin, with that said, this is the IT market, right? And it's filled with IT people who love doing it yourself. A lot of our readers and listeners probably started a long time ago going to Radio Shack and getting a whole bunch of components and putting together their own computer. So they're going to go out there, and they're going to do this on their own. So both you guys are basically telling me that, well, I guess you could kind of do that, but it may not be such a great idea, and you might not really be doing yourself a favor. Actually, it can be. You can execute it yourself. The challenge then becomes, right, you need all the devices, you need all the know -how. So really, if you're going to do it yourself, when you're out there engaging with a company that's going to provide you with the software to execute the process, the expectation is you should be looking for a company that can through how to execute that process. Historically, the software companies in the space will dump software on you and say, go ahead, it's yours. Let me know when I can start billing them. The expectation of those enterprise companies in the IT edge should be, listen, I need more than that. I need software, yes, but I need somebody that's going to help me understand the nuances and help me understand the things I don't know right now. Because like you said so eloquently, there's a lot of blind spots, and only one blind spot can screw you over. So again, we don't want to dissuade people from doing it themselves, but I would make the argument have an expectation of the companies you engage with that help you do it yourself, that they're going to be there to help you with the nuances associated with it. Yeah, I can just add on to that. Why that's important is because as the software was built, a lot of the expertise and know -how in having to comply with data center policies, processes, and procedures in how you perform a process and have transparency throughout the entire workflow from receiving the asset all the way through to disposition the asset, that's all built into how the software and the solution is performed. So as Kevin said, it's not only software, but it's also 20 plus years of data center experience in putting together a process and methodology and workflow that allows not only an enterprise to communicate this to their auditors, but also an ITAD to communicate to their customers who then communicate to their auditors. And then with the ITADs that have auditors themselves, whether it's R2 or e -Stewarts or ISO, et cetera, that they can have that womb to transparency and view throughout their entire workflow exactly what asset, if a drive is associated with a server, where that goes throughout the process and the standards from the data standardization that it's complied with, that's all built into the solution. And what Verity also provides is this analytics dashboard that allows commercial enterprises and ITADs to make educated decisions on what makes sense within their process to spend time on versus not. So, for example, if you have a high failure rate on a specific drive type, hey, maybe it doesn't make sense to continue to try to sanitize that. It may make sense just to shred those instead of putting more time and effort and resources and sanitizing them. That's the kind of process that we've built around the solution. So Kevin, who needs Verity ES? One of the target markets that needs Verity ES is the ITAD space. The software was developed, like we said before, around our services business. And that is very much a we got to get in, we got to get out. That maintains our markets. So with the software, we built in a lot of functionality to improve the overall performance, not only with the speed of the erasure, but the yield that the software can get. That's very critical to the ITAD space. They don't really want to do this. They want to get it done. They want to get going. They want to get the residual value out of it. The other thing that we really built into it was a big wrapper around it to help ITADs with the transparency challenges that they're seeing right now. A lot of companies that they're engaging with are demanding more transparency of the overall process. And so ITADs are being forced to think about developing an overall front to end process that they can then share with the customers from which they're taking the gear and then returning whatever they do, either the residual value or demonstrate that they've taken care of those assets once it's done. So we've built a lot of that functionality into the software, viewing it far more as a business tool than just a, this software erases hard drives, it erases solid state disks. It is really a wrap business tool. So Glenn, you know, having heard all this, I still have sort of the same question for a lot of people. Why can't I just go off and do this on my own? The beauty of Verity ES is it now enables you to do just that. Verity ES is able to you provide with a process that's been vetted in doing this type of service in the data center for over 20 years. So you now have a process that's going to enable you to not only save money because you're going to be able to optimize the amount of drives that you're going to process. It's going to allow you to optimize the number of drives that are successfully going to be sanitized and according to the standard. It's also going to allow you to make more money because if you sanitize more drives faster, you can get more assets qualified and re -marketed and resold out the door. It's going to, from a drive perspective, you're going to have more drives available to you, not only to replace in the assets that you're selling, but also that gives you a spares pool so that you don't have to go out on the open market or to the vendors to buy spare drives in case drives, assets are coming to you that need drives replaced. But the biggest thing is it's having a auditable process and the reporting and all of that information available to you through that transparent workflow. It's going to prevent a data breach, which is the biggest thing that we're trying to do is we need to ensure that person identifiable information is not compromised. It's not accessed from any unauthorized parties. The first step is to do it in the four wells of your facility. So that's why it makes sense to do it yourself. The second part of it is to make sure that software, the and it should be a given, the software actually does what it says it's going to do. It's going to sanitize those drives. It's going to erase the drives to meet a specific data sanitization standard so that you know for certain, and it's audible, it has an audit trail that supports it, that every drive that you sanitize using Veri ES in this process and workflow protects your company and your customer from a data breach, which again, it's going to protect your reputation. It's going to protect not only your company's reputation, but the reputation of your industry as well. Well Glenn and Kevin, thank you for joining me today. This has been very interesting. It's been a very nice introduction to Verity ES. I hope we're going to do more. I know we're going to do more podcasts. We're going to sort of maybe over the coming months break down some of the issues we've opened up, but for now I want to thank you. Where can we learn more about Verity ES? www .verityes .com v -e -r -i -t -y -e -s dot gov. Well again guys, thank you for joining me today and I'm looking forward to the next one. Hey, thanks a lot Doug. I really appreciate it.

Doug Doug Green 2007 Kevin Enders Glenn Jacobson 20 Plus Years Revert Inc. Today Kevin Glenn Second Part First Step Over 20 Years Www .Verityes .Com 25 Gdpr Both Radio Shack Verity Es 35%

Real Estate Coaching Radio

08:51 min | 3 weeks ago

A highlight from New Real Estate Agent 15 Step 90 Day Success Plan

"Welcome to Real Estate Coaching Radio, starring award -winning real estate coaches and number one international bestselling authors, Tim and Julie Harris. This is the number one daily radio show for realtors looking for a no BS, authentic, real time coaching experience. What's really working in today's market, how to generate more leads, make more money and have more time for what you love in your life. And now your hosts, Tim and Julie Harris. Three, two, one, and we're back. And this is the new real estate agent, 15 step, 90 day success plan. And of course you can use this plan whether you are a new real estate agent or not. Before we get to point number one, Julie and I were just talking about something that she read online. That's the first sign that basically, yeah, exactly. Now we're going to just address this head on and we're not going to sugar coat it. So get ready. I'm just going to shoot you guys between the eyes and Julie's going to back it up with facts as we always do on this podcast. There is not going to be a real estate crash. There's not going to be a precipitous drop in home values. There's not going to be anything that's going to resemble anything that even remotely resembles what happened back in 2007, 2008. Stop listening to anybody that tells you that there's going to be any kind of crash or correction. 99 % of the time they didn't sell real estate back then. They don't know the facts and or most likely they're trying to sell you something in preparation for this zombie apocalypse housing crash that's never going to happen. So I want you guys to be very clear that this time of year is really any time of year but really, you know, I have not seen so much misinformation or straight up, I'm going to just use the word that came to my mind, lying that's happened in our industry since probably it's been at least 10 years. Because of the fact that so many agents don't know what to do in this real estate market, weren't selling real estate back then and they're so, they're such easily manipulated into believing there's going to be a housing crash because, you know, after all, all these other people are saying there's going to be a housing crash. How can the masses be wrong? Well they are. So here's some facts straight from Julie Harris. Yes, that's right. So you might think that foreclosures are going up. Why do you guys think that sometimes? Well because in the previous thing that you've heard about, probably not lived through, prices went up, prices went up, it seemed like a big boom and then there was a big bust and that is the beginning and end of the thought process. Just because prices have been going up for a long time does not equal a housing crash. That is not a fact based on anything. Just because it happened back then does not mean it's happening back now. Why? And we've done very long form podcasts with many, many points but the underlying facts are not even close to the same. Well matter of fact, there's the fewest number of industrial estate actual homes that there's been how many long? 20 years? No, not 20, but like 15. Since they've recorded it. Okay. And not only that, as a percent. As a percent of total mortgages, right? It's less than 3%, right? Yes. Okay, so here's a couple of facts since we're facting them off the top here. Only about 50 % of people who own a home even have a mortgage. And I believe the number and Julie and I didn't prepare for this, like I said, this was just a conversation we're kind of looping you guys in on. I believe the number was a little bit less than 50%, like 43%, but it's something like that. Now when we say that on this podcast, somebody always puts in the comments, I have a hard time believing that that few people have mortgages. How? Why is it that you have a hard time believing that? A lot of people basically by the time they're like 45 or 50 have their home paid off. And it's also tracked. Yeah, exactly. Google it. Altos Research has fantastic facts. You can join them for your own local zip code and get your personal facts. That's the nice thing about, you know, we call it GTS, Google that shit. So if you come across, if you're wanting to know something, you know, GTS that and you're going to discover what the truth is. And what we just told you, again, I'm not sure if our numbers are right, but the essence of the point we're trying to make between 40 and 50 % there you go now that that means the other 50 % of the people that have, um, uh, you know, mortgages, they have mortgages that are 3%, 3 .2 % or less. So a vast majority of the people with mortgages have essentially mortgages where their money's free. Now, what do I mean by that? Because the homes, and this is the last point and this is the big one and I'll leave it up to Julie to make this point, the amount of appreciation rate or inflation. But with the inflation rate on real estate being somewhere between six, seven or 8 % year over year, and that's going to continue, that trend is going to continue for a long period of time for all kinds of reasons, but it really comes down to demand, right? But what we're looking at is you're looking at homes that are going to increase in value at a greater, uh, at a greater amount and actual real dollars than the cost of owning that home. So if someone bought a $400 ,000 house and they put down, I don't know, 50 grand and they have a $350 ,000 mortgage and the mortgage is based on a 3 % finance rate there, I can't even do the math in my head. It's like 13 or 1400 bucks depending on property taxes per month. Well that same home is going to appreciate this year. So you're looking at probably they're all in expense being less than 20 grand. If that home inflated or appreciated by 6 % in the last 12 months, that same $400 ,000 home now six times for guys get it. So someone's actually make living in their house for free because the house is actually inflating faster than what they're spending on that. That is not normal unless you're in a house a super duper, duper long time, like decades. Then that kind of thing will play out because of the inflation. But with interest rates and so many people locked into lower interest rates, a lot of people have won the real estate lottery. Now that's not to mean that they're going to stay in those homes forever because a lot of those people are going to have to put those homes for sale for natural, normal reasons that sellers have always historically put their homes for sale. Too big, too small, can't afford it, moving, relocating and here's the real bugaboo. Here's the thing that nobody, all these real estate doomsdayers don't want you to really take into consideration. We talked about the amount of equity, we talked about the average mortgage interest rate, but the amount of inflation or appreciation in homes in the last 24 to 36 months has been? Up to 40 % in some markets like Boise, but on average right about 28 % since 2020. So if you bought a house back in 2020, you can just add 28 % and you have at least that much equity. The average equity for people who still owe something on their homes, people with mortgages is over $100 ,000. That's the average. Now, are there cases where perhaps maybe you bought in the last half of last year and you were in a bidding war and you had to go over list price and you didn't have a really big down payment and maybe you got relocated and you have not very much equity? Yes, that's true, but it's still highly unlikely that you would get to the point where you're actually upside down. What you're saying is if you bought when the interest rates were higher and you haven't stayed in the house long enough and you put money down, if you had to be forced to sell the property now, you might actually have to lose some of the equity. But here's the solution for that. Stay in the house another year or 18 months or rent the house for another year or 18 months. And then the inflation rate is going to basically make you more than right on your mortgage and more than right on your equity situation. Well, so are there random sort, I call them one off foreclosures and short sales very, very occasionally like one to two percent. I don't know why anybody would go after one to two percent of the market. What you're seeing randomly and I mean very randomly. And this example that I was reading online was in Las Vegas. But even the distressed real estate is still selling for retail, basically. It is still selling for retail. So that that is and I'm glad you brought that up, because that is a huge difference between this time versus last time, because last time it was the phrase catch a falling knife. Prices were falling virtually by the hour and it was disappearing. And Julie and I were buying houses that we were buying houses. I remember going on auction dot com and putting in bids on properties that we ended up buying a lot of them in Las Vegas and still own them. And I remember the auction gal called back and was like, what the hell? You want to buy real estate? I mean, do you remember that? Yeah. It's like, are you sure? Are you sure? Like, do you know this is the process? And I'm like, yeah, OK. And then when you're buying through like auction dot com, you have to pay their commission, basically. And she goes, well, you know, this is going to cost you an additional whatever. And I'm like, OK, that's fine. Let's do it. It's fine. And those properties now are worth three x what we paid for them. That's right. Totally different scenario. Prices will continue to go up now. They go up, you know, 20 percent a year. That was extremely unusual. I know some of you think that that was normal because for you that has been normal, but it's not actually normal. On average, it's five or six percent over the past probably 10 to 15 years. And beyond that, it gets down to about three to five percent, depending on where you live and how far back in time you're going. But it's still increasing. OK, so here's the thing. And we'll get off this topic in a second and onto our 15 step 90 day success plan.

Julie Five TIM 3 .2 % $350 ,000 $400 ,000 13 2007 Julie Harris 6 % Las Vegas 99 % 20 Years 28 % 3% 45 Three Six Times 43% 3 %

Over the Next Hill Fitness

03:45 min | 3 weeks ago

Andi Swan of Destiny Rescue Is Confronting Child Trafficking on a Global Scale

"Name is Andi Swann. I am the director of strategic partnerships for an organization called Destiny Rescue USA and we are a global anti - trafficking Christian organization. We exist to rescue children from human trafficking and sexual exploitation and help them stay free. So we are a both and organization. We do both the rescue and the recovery efforts to make sure that whatever vulnerability led to them being trafficked and entrapped that they don't fall into that same area again. Wow that is such such a wonderful thing. When I first heard about the organization I said I have got to find out about this and reach out and I was so pleased when you answered my email and said yes I'd love to come on the podcast. Now how did you get started with the organization? So I'm coming up on my one -year anniversary with Destiny Rescue. I have been in the nonprofit sector my entire career so coming up on 20 years and I just always cared about vulnerable kids but this is the fulfillment of a calling that the Lord placed in my heart 15 years ago. I went on a short -term mission trip with my church to northern Thailand in 2007 and again in 2008 and we were assisting full -time missionaries that were in that in that area and we would work with them during the day with children and then we'd go out into the night markets at night but we spent a couple of days in the hill villages and I grew up in the deep south. There's not a tremendous amount of diversity in the community that I grew up in so it was really eye -opening for me just the deep levels of generational poverty. I mean just barely their basic needs being met food, clothing, shelter especially food and shelter and so to see children playing without shoes without food and so the missionaries that served in that area talked about how grim the outcome was for these children especially if they were little girls that at the age of seven or eight that that's old enough to where parents say we can't provide for you anymore you're going to have to earn an income yourself so at that age they would either start picking rice or picking tea leaves and if they couldn't work fast enough they would be replaced and then sent to the city to get work and if a little girl at age eight is sent to the city for work she has no marketable skills most children in that area don't even speak the main language because they are a tribe so they don't speak Thai they don't speak English they speak a tribal dialect so they are taken advantage of and a lot of times forced into the commercial sex industry where they will never escape and I had recently graduated from college I had just bought my first home and so I had a secondary education and I owned property which was something that those little girls had no hope of ever accomplishing unless somebody intervened and it broke my heart broke my heart in a million pieces and I just told the Lord however you want to use me to affect change on this I will leave me I'll go

2008 Andi Swann Destiny Rescue 2007 Destiny Rescue Usa Northern Thailand First Home Both English 20 Years Eight 15 Years Ago First Thai One -Year Anniversary Seven A Million Pieces Christian Lord Age Eight

Awards Chatter

02:16 min | Last month

A highlight from Cedric the Entertainer - Flipping Boxcars: A Novel

"The It's Always the Right Time deal. Hey, wanna go to Mickey D's for lunch? Ooh, let's go now. But it's not lunchtime yet. If we're going to McDonald's, it's always the right time. Yeah, it's hard to argue with that. There's a deal for every lunch hour at McDonald's. Now's the time to get two for $3 .99. Mix and match a four -piece McNuggets, a McDouble, a McChicken, or a hot and spicy McChicken. Price of participation may vary. It cannot be combined with any other offer. Single item at regular price. Hi, everyone, and thank you for tuning in to the 505th episode of the Hollywood Reporters Awards Chatter podcast. I'm the host, Scott Feinberg, and my guest today is a stand -up comedian, actor, and author who has been a fan favorite for decades. Perhaps best known as one of the four stand -ups featured in Spike Lee's blockbuster documentary The Original Kings of Comedy back in 2000, he also starred on TV programs such as the WB's The Steve Harvey Show from 1996 through 2002, and on CBS's The Neighborhood, which began in 2018 and is heading into its sixth season. And he's also been in numerous films, most notably the Barbershop trilogy, with installments in 2002, 2004, and 2016. Back in 2002, A .O. Scott wrote in the New York Times, quote, He takes his obligations to the audience seriously, and no comedian working today holds up his end of the bargain better, close quote. He, of course, is Cedric Kyle's, better known as Cedric the Entertainer. Over the course of our conversation at the L .A. offices of The Hollywood Reporter, the 59 -year -old and I discussed his unexpected path to comedy and the origin of his unusual stage name, his occasional forays into dramatic acting in films such as 2007's Talk to Me, 2008's Cadillac Records, and 2017's First Reformed, his debut novel, Flipping Boxcars, co -written with Alan Eisenstock, which was inspired by a grandfather he never met, and which Amistad, a division of HarperCollins, will release on September 12th, plus much more. And so, without further ado, let's go to that conversation.

Alan Eisenstock 2000 Scott Feinberg 2018 September 12Th 2016 2004 1996 Spike Lee Cedric Kyle 2008 WB Harpercollins $3 .99 2002 2017 TWO Sixth Season CBS The Neighborhood

Real Estate Coaching Radio

07:12 min | Last month

A highlight from Real Estate Agents: Super Simple 4 Step Social Media Action Plan

"Welcome to Real Estate Coaching Radio, starring award -winning real estate coaches and number one international bestselling authors, Tim and Julie Harris. This is the number one daily radio show for realtors looking for a no BS, authentic, real time coaching experience. What's really working in today's market, how to generate more leads, make more money and have more time for what you love in your life. And now your hosts, Tim and Julie Harris. Three, two, one, and Julie Harris, we are back. Yes we are, and in fact, today we're talking about an exciting topic that everybody's going to want to listen to, whether you were licensed yesterday or a grizzled veteran, doesn't matter. Today we're talking about what realtors should post on social media that will actually bring you quality buyer and seller leads. We're talking primarily about your posts on YouTube, Instagram and Facebook today. We talk a lot about what not to post, like anything political or overly opinionated, so I thought it would be appropriate to do a podcast about what you should be posting. And this is going to be four very quick points that are designed to make it so that even if you're not doing any social media posting, this will motivate you to do so because you're going to realize it's not necessarily about people eating their lunch and constant stream of narcissism and the rest of it. The social media, when done correctly, reinforces your proactive lead generation, and in a lot of cases it can reinforce your getting a list appointment or having a buyer choose to work with you. But before we get to that, Julie and I have been discussing our coaching clients this week and what they're experiencing in the marketplace, and Julie and I are blessed to have some of the nation's top agents as personal coaching clients. We have for decades at this point, and it's very interesting. There's a big bifurcation that's happening at the very top end of the market that Julie and I thought you would all want to hear more details on because everyone talks about the average agent who's selling less than 10 houses a year and the rest of it. Well here's what's going on at the top end of the market, and I think a lot of you, again, will be glad to hear that what they're experiencing is similar to what you're experiencing, just amplified. So Julie, you and I are just discussing this right before I hit record, and one of the conclusions that we came to was that the agents that are trying to build momentum right now are having a harder time rebuilding momentum or building momentum versus the agents who have essentially made a lifestyle of doing what they didn't want to do when they didn't want to do it at the highest level for long periods of time. In other words, there are a lot of agents that were riding on past performance, new construction that was inventory that was selling off. They had a lot of momentum going into the year. That momentum, those leads, dried up relatively quick and weren't easily replaced with new leads, and so if they stopped doing the proactive lead generation or never really drilled down on it in the first place this year, they're paying the price for it now. Well that's true, and it's not entirely their fault when you consider the fact that for the past several years, the FOMO in the market, fear of missing out, put some buoyancy underneath the lead generation, right? So you actually could take a little bit of a break, and buyers were beating down your door because they had to close with that low interest rate or whatever the case was, and there was abundance, right? So now, as most of you have noticed, there are fewer listings and fewer sales and fewer qualified buyers. We have that combination of things, and even if you're somebody that is feeling uncertain but enthusiastic, the uncertainty causes you to perhaps not do anything. So the FOMO has dried up, and an agent that was relying on that and had become accustomed to being able to turn on the burners and turn them off and still be okay, those are the agents that are really feeling the pinch right now, versus what you said and what we've experienced with our coaching clients and our coaches is that when you stay in momentum and you don't take long breaks, you don't get stuck in a rut, you don't start ruminating and looking at negative headlines, you don't get in your own way, you stay in momentum, and that doesn't mean that you have to work 60 hour weeks, it just means that you have to keep your lead generation going. Those are the agents who are not just on track, but many of them are getting ahead right now. Well, being specific and drilling down what you just said, because I agree, is that, again, with our personal coaching clients, and you have far more than I do, the big takeaway was, say those that started with you and I maybe 90 days ago, that were coming to us, wanting us to help them put Humpty Dumpty back together again, those guys are the ones that are still in the process of building momentum, and building momentum in a market like this is harder, is what Julie was just telling you guys, is harder now than it's really been probably since 2008. It just is. Now, versus the agents that have been coached by us for a long period of time, who have us harping at them every single week, who have never actually stopped doing what they didn't want to do when they didn't want to do it at the highest level, they're having their best years ever. That's right. So it's very interesting that in a year where you really are seeing the agents that have a, I'm saying this politely, a skills deficit, they're the ones that unless they recognize that, you're not going to be able to buy enough leads to essentially fill the skills deficit that a lot of you guys are realizing that you actually have. That's not the solution. Exactly. So spending more money on marketing and branding and buying leads and all the rest of it, that isn't where the problem is that some of you are experiencing. It's with your ability to pre -qualify at a high level, present at a high level, have meaningful conversations that lead in the direction of you generating a real estate lead at a high level. You guys get it? So what we've seen is the previous market, you could frankly fool yourself into believing that the marketing and the advertising and all of that was the way to build a business. And maybe in the past real estate market where interest rates were so much lower, that was a somewhat viable business model. But what we've seen, because we've done this for a long period of time now, over 20 years, is we've seen that essentially, for example, let's use this as a for example, because I was talking to a former KW executive actually yesterday, and we have seen since the 90s, the big team model go from very profitable now to basically not making a lot of profit whatsoever. Why? The cost structure has gone up. The revenue has gone down. The revenue has gone down because commissions have gone down. The revenue has gone down because there's fewer transactions. All the while, the demands from say, for example, buyer's agents have completely changed. Now, what also changed was the expectations you set for those buyer agents. So those buyer's agents that you had as part of your staff, you might call them something else, but you get the gist of it. They are not expected to actually do any proactive lead generation. Many of you have set these business models up with the idea that you're always going to be essentially running an adult daycare and you're always going to have to provide leads to these agents and the agents are never going to actually have to learn how to proactively generate. Those are the types of scaled up real estate models, teams, and brokerages even that are suffering right now. And we've seen the profit margins over the last, I think, since really 2007, 2008, when buying leads became very prolific, when agents were shopping what brokerage and what team they're going to join based on how many leads they can get.

Julie TIM Julie Harris 2007 2008 Yesterday Three TWO Today 90 Days Ago This Year ONE Over 20 Years Less Than 10 Houses A Year First This Week Youtube Four Facebook

The MMQB NFL Podcast

09:09 min | Last month

A highlight from Predicting Every Game of the 2023 NFL Season

"I'm Dr. Sanjay Gupta, CNN's chief medical correspondent, and this is Chasing Life. People measure age in all kinds of ways. Most of us start with the number of years. But as I've started to discover on this season of the podcast, that doesn't really tell the whole story. I guess there's no denying that our bodies do go through some changes. But aging is not linear. Listen to Chasing Life on the iHeartRadio app. Xfinity Flex is pulling out all the stops to give you free premium entertainment every week, no strings attached. Catch up on all the hits from AMC +, like Mayfair Witches. Introduce your kiddos to a world of science and technology on Hofstra. Channel your inner hunter -gatherer with Maneater from MyOutdoorTV, while having a ball this National Dog Day with Dog TV's The Dog Moms, and dance to iHeartRadio's Songs of the Summer playlist. Try a little bit of everything every week. Say free this week into your Xfinity voice remote. Hello, and welcome to the MMQV NFL podcast. I'm Connor O 'Rourke. We've got Mitch Golding here for what is undoubtedly my favorite day of the year, and that is relaying the results of me picking all 272 games on the NFL calendar. I have Mitch here because he is the editor that actually has to fact check the most ridiculous thing on our content calendar. I don't think it's even close. And also to do all of the tiebreakers. So I should ask you first, Mitch, how are you feeling about all of this? I'm great. I love the NFL tiebreakers. This is me in my element. I wish I could just spend my entire year doing nothing but NFL tiebreakers. I think I'd be very good at the, you know, the basically Steve Kornacki after one of the recent election cycles, they just started letting him do it on Sunday Night Football. He comes on the pregame show and the halftime show. I could do that job. Now, I love Steve Kornacki, and so I'm not trying I'm not coming for his job and I'm not trying to say that he is bad at his job, but I think that's like a role for me that I could easily handle. Just put me on there talking about tiebreakers. Oh, I love it. But Connor, I have to ask you, is this really one of your favorite days of the year? Because that's a classic thing that you say now. Let's go behind the curtain. We are taping on Wednesday and this will be revealed Thursday. I know you. You will be a ball of stress. You will be getting requests for radio shows in cities where you said their team is going to go 5 and 12. You're going to have fans yelling at you. I think you're going to be a little bit stressed tomorrow. So just try to remember right now this feeling of how happy you claim to be and try to just keep that in mind tomorrow when when people start slinging their arrows at you. You're right, Mitch. I think that the day when, you know, all radio stations want to have you on to either praise your pick or be skeptical of your pick or fight your pick. I famously got into sort of a verbal fisticuffs with a Cincinnati radio host before the year that they went to the Super Bowl. I had them projected for four wins. And I think I said over and over on the air, find me more than four wins on that schedule. I think Joe Burrow did that and then some. He got him. And but since then, you know, come full circle and everybody in the playoffs alone, which is why if you're a loyal listener to the podcast, you know, I became a Bengals fan. So it's all good. It all. Yeah. Oh, we buried the lead. Connor, how was your first week as a Bengals fan? It was great. Although if anyone listened to the podcast last week, I was between the Bengals and the Ravens. And so my wife and I watched the Ravens commanders preseason game where the streak was broken. And I got I got kind of emotional. I mean, you can read what I wrote about it and but I thought this was a very big thing. And I was very standing on the table ish for John Harbaugh and the Ravens in that moment. But I had to get that out of the back of my head. They're division rivals. And just because I almost picked them doesn't mean that I can't root against them. And so full steam ahead. We're just waiting for news on Joe Burrow like everybody else. Mitch. Yeah, it's interesting. Now everything we read of yours will be through the lens of is he being a biased fan here or is he being objective? And I don't know. I don't know. We'll find out. At least now your biases are out in the open for for all to know. I think it's going to be a fun bit to just fully jump from. I just picked this team yesterday to where have you been? I'm a dyed in the wool Bengals fan. I love Skyline Chili. Have you ever had Skyline Chili? I have. I like Skyline Chili. I know it's controversial. I like it. I'm I'm I'm a supporter. What's your like what's your workup? Do you do the whole thing? I don't. I think so. So I have not had it in a long time. So I couldn't tell you the details, but I well, let me try to remember. I think it's like five ways. I like all this, all the stuff on it. It's possible that it has gotten more ridiculous since I've been there and they're putting on like absolutely crazy numbers of toppings just for Instagram or whatever. But last I remember it was the the spaghetti, the chili, the cheese, the onions. There might have been a fifth one. The sort of I feel like I went there for the first time, right before sort of it became a thing on the Internet that people liked to complain about or argue about or say was disgusting or whatever. And so I don't know, there may have been changes in the years since, but but whatever the classic like as of the year 2010 way is the way that I've had it with with all the stuff available to me in that time. Nice. I yacked in a Skyline bathroom once because I just couldn't. The mountains of cheese. I don't like cheese, but I had a friend order it for me. And so I think if I had to do it again, I would do the spaghetti, the chili and the onions and maybe that would be something I could maybe that be something I could stomach and walk away from. I'm not going to disparage Skyline chili because my roommate used to make a really good Skyline chili dip in college. So I think if I could bring that back somehow, I'm pro Skyline. There's nothing quite like it anyway. So no, no, no, no. Don't anyway. Me. I have more Skyline chili takes. Let me give you a pro podcast is brought to you by Skyline. By the way, I have had, I have been to a Skyline chili establishment and I have had it there in the restaurant. I also, I have been to one Cincinnati reds game at, I think it was called great American ballpark at the time and it has some other new stupid corporate name now, but I ordered it at the reds game and you know, at the restaurant it comes on a plate and you're right. It's piled high with all that cheese. At the baseball game, it came in like a plastic Tupperware kind of situation with a lid and they closed the lid so that you could walk with it to your seat and that process of closing the lid. It got so hot in there that all of the cheese melted and it was excellent that cause you're right. It's the, the cheese restaurant. It's like straight out of the bag, just like the, you know, cold shredded cheese where it's the little pieces, but, but uh, in the Tupperware melted all this hot gooey cheese all over everything else I thought was a, it was a great way to enjoy it. So I have no idea if it still comes like that. This could all be different. I think that was back in maybe 2007 so we're, we're talking about a long time ago, uh, me remembering this chili that I had, uh, but loved it at the ballpark with the melted cheese. It's still great American ballpark by the way. Oh, interesting. Which is a, which so great American is an insurance company. Uh, so it is a company name, however, it's just called the great, like if you called it the great American ballpark, I feel like that's solid. Um, that's going to go down a, uh, that's going to go down a rabbit hole, but all right, I'm glad we landed there at skyline chili. Obviously as big of a bangles fan as I am, I'm going to need to learn to stomach that. I'm going to find the way that I like it. If anybody listens to this podcast and lives in Cincinnati and wants to tell me how to enjoy without skyline cheese, please leave your rating in a review and your ideal skyline markup because then that way I can, uh, I can try to duplicate it when I'm out there trying to get some season tickets and uh, you know, did you hear from any bangles fans this week? I did. Um, I got, I got welcomed with open arms. I'm, I'm pretty excited about it. I do feel like this is the right time to get in. I feel like the super bowl year would have been a little rough.

Steve Kornacki Mitch Joe Burrow Mitch Golding Connor O 'Rourke Wednesday Thursday Sanjay Gupta Yesterday Connor 2007 Ravens Last Week CNN Super Bowl John Harbaugh Tomorrow 272 Games Bengals National Dog Day

The Breakdown

13:28 min | Last month

A highlight from The Next Phase of Stablecoin Competition Begins As Coinbase Invests In Circle

"Welcome back to The Breakdown with me and LW. It's a daily podcast on macro, Bitcoin and the big picture power shifts remaking our world. What's going on, guys? It is Tuesday, August 22nd. And today we are talking about updates in the circle and Coinbase relationship around USDC, followed by a number of macro updates. Before we get into that, however, if you are enjoying The Breakdown, please go subscribe to it, give it a rating, give it a review. Or if you want to dive deeper into the conversation, come join us on the Breakers Discord. You can find a link in the show notes or go to bit .ly slash breakdown pod. Hello, friends. Happy Tuesday. So today we are going big picture and we're starting in the crypto sphere with some updates around one of the biggest stable coins in the space. The TLDR is that Coinbase and Circle are dissolving their center consortium partnership and restructuring the relationship between the two firms. The center consortium that governs USDC currently will be wound down and Coinbase will take a minority equity stake in Circle. The size of the equity stake was not disclosed, but one anonymous source said that no cash had changed hands as part of the deal. Coinbase CEO Brian Armstrong and Circle CEO Jeremy Allaire said in their joint blog post that, quote, The nature of the investment means that Coinbase and Circle will now have even greater strategic and economic alignment on the future of the financial system. So let's take a step back for a moment. The center consortium was founded by Coinbase and Circle in October 2018 to establish the USDC stablecoin. The effort was originally envisioned as an open standards effort which could facilitate additional USDC issuers and broader industry participation. That said, since the consortium's founding, Circle has remained the sole issuer of USDC, with the center consortium acting as a jointly managed self -governance organization. As part of the restructuring, Circle will bring issuance and governance of the stablecoin completely in -house. In their blog post, the two companies explained that, quote, With growing regulatory clarity for stablecoins in the US and around the world, the requirement of a separate governance body like center is no longer needed. They said the move will, quote, Alongside the restructuring, the firms announced that USDC would be issued on six additional blockchains, bringing the total number of supported networks to 15. The firms didn't identify the new blockchains, but Circle had previously announced plans to support Polkadot, NEAR, Optimism, and Cosmos this year. Coinbase's new base blockchain would also make sense as one of the remaining additions, but was not formally announced. Now, revenue sharing of the interest earned on USDC reserves has become an increasingly important driver of profits for Coinbase over the past year. Coinbase earned $151 million in interest income from the revenue sharing agreement in the last quarter alone. The two companies confirmed that revenue sharing would continue under a revised agreement, stating that, will now equally share an interest income generated by the broader distribution and usage of USDC. In a tweet, Coinbase said they, quote, Executives from the two firms reinforced the idea that additional regulatory clarity and competition drove the decision. Circle Chief Strategy Officer and Head of Global Policy Dante Despartes said, Of course, in addition to newly arrived competition from PayPal, USDC has also been under recent pressure from crypto -native rivals. Since the March banking crisis, which briefly threatened a small portion of USDC reserves, the stablecoin has lost more than $17 billion in market cap. In the same period, Tether has increased its stablecoin market share by over $10 billion and is now more than three times larger than USDC. Discussions on Twitter around this had a lot to do with this idea of regulatory clarifications. Columbia Business School adjunct professor and former Paxo staffer Austin Campbell wrote, The reality is that Coinbase and Circle have held tightly to the Mint burn control and issuer status rather than expanding into an actual consortium. To some extent, this just validates this is the path forward for this partnership. Second, with more issuers of stablecoins arriving this year, PiUSD, FDUSD, etc., and others on the way, scale is going to become increasingly important, so these firms binding together to leverage that also matters. Third, I don't know what the public pathway is for Circle, but a purchase by Coinbase, which this ultimately sets up, is one pathway to get to that, and essentially allows Coinbase to have more control over cash on platform and cash management. Tommy Shaughnessy from Delphi Digital also brought up this idea of this as sort of a pre -merger. He wrote, Now the flipside interpretation is almost exactly the opposite, that Coinbase might have been coming up against regulatory pressure because of its vertically integrated regulated financial services. There has been a lot of scuttlebutt about how the crypto industry does away with distinctions that exist in traditional markets, such as separating brokerage and custody, and how part of the path forward from a regulatory perspective might be to reimpose those barriers. Bitwise researcher Ryan Rasmussen said, Now one thing to speak briefly to the decoupling of Tether and USDC over the last few months. This is something I've talked about before on this show, but I think has far less to do with a vote of no confidence in Circle and USDC and far more to do with a vote of no confidence in the United States regulatory apparatus. Circle and USDC have gone to pains to be as compliant as possible when it comes to issuing a stablecoin in the US, and the fact that they had a decoupling event and almost got screwed by the failure of a major US bank, even as the US government was putting undue pressure on the crypto industry via Operation Chokepoint 2 .0, I think increased the risk profile of USDC, not because of anything that Circle did, other than try to comply with US regulations. The move towards Tether and away from USDC is, I think, a reflection of the lack of regulatory clarity that we have. Overall, though, I also agree with the point that this just formalizes what has effectively been the case for some time now, and that sort of streamlining usually does make sense. Now, next up, let's move over to a macro update. The US bond market continued to sell off on Monday as long -dated Treasury yields hit fresh multi -decade highs. The 10 -year Treasury yield climbed to nearly 10 basis points to 4 .35%, a level not seen since 2007. Meanwhile, the 30 -year notched up by 7 basis points to reach 4 .45%. 10 -year inflation -protected Treasuries reached 2 % for the first time since 2008, and the 2 -year yield, which is sensitive to changes in Fed policy, moved up to 5%, coming close to previous peaks in March and July. The overwhelming sense in bond markets is that traders are positioning for continued tightness in central bank policy and potentially a re -acceleration in inflation. Recent macro data indicated the risk of another pulse of inflation with GDP estimates coming in scorching hot. Last week, the Atlanta Fed published the results of its GDP Now modeling, which forecast third -quarter GDP growth coming in at an annualized rate of 5 .8%. We haven't seen growth that strong since the final quarter of 2021, when the data came in at 7%. This is a complete reversal from economic concerns over the first half of the year, where below -trend growth and the risk of recession was front of mind. Zachary Griffiths, senior fixed -income strategist at CreditSite, said, Now, of course, one of the underlying narratives of the past 18 months of Fed policy is that the central bank is seeking to close the door on post -GFC zero interest rate policy, returning to most historically normal policy settings. These bond market movements could be a ratification of the Fed's strategy, signaling a growing belief that a return to the zero lower bound won't be required at the conclusion of this hiking cycle. Now, it's also worth putting this in context of upcoming comments. The bond market route comes just ahead of Fed chair Jerome Powell's speech at Jackson Hole, which is scheduled for Friday. Jackson Hole is the annual Fed symposium for the discussion of longer -term monetary policy strategy among central bankers and interested parties. Last year, the conference was punctuated by a brief and terse speech from Powell that had been apparently rewritten just before the event. At the time, the stock market was in the midst of a strong relief rally, and according to reporting, the Fed chair threw his prepared notes in the trash shortly before the speech. Instead, he opted to deliver the simple message that the inflation fight is not over and that it would involve pain to households and businesses. Andrew Brenner of Natalyon Securities thinks that expectations around Powell's speech could already be providing tailwind for bond traders betting on higher yields. He said, Now, lastly today, a brief China update. For more background on this, go listen to my episode from last week, where we did a bit of a primer on the China economic situation, which is increasingly coming to dominate macro conversations in the U .S. as well. Chinese banks have held a key interest rate steady this week in a move that surprised economists. The five -year loan prime rate was held at 4 .2 % on Monday, according to data from the People's Bank of China. Economists had expected a 15 basis point cut to the rate which prices retail mortgages. The choice to keep rates steady represents lenders choosing not to pass last week's cut to central bank policy rates onto borrowers. Now, the decision is highlighting the dilemma facing Beijing. Policymakers are seeking to drive borrowing in an attempt to combat deflation, while at the same time needing to preserve financial stability in the banking sector. Allowing banks to capture a little more of the interest rate spread should preserve banks' revenue and profitability. This concern was highlighted in a report from the PBOC last week, which said banks need to maintain Goldman Sachs economists wrote in a note, Chinese stocks continued to fall on Monday, with the iShares China large cap ETF now reflecting a full retracement of price action dating back to 2006. Offshore yuan pricing also softened by 0 .3%. Ten -year bond yields fell to 2 .55%, the lowest yield since 2020. The Chinese government has signaled more urgency in shoring up lending, urging banks to expand credit growth amid a slump in borrowing demand. Deflation pressures also continue to mount, with simultaneous trouble in the housing sector and an as -yet unresolved liquidity crisis at major shadow bank Zhangji. And really the big theme is the continued lack of decisive action out of Beijing. This policy of cutting central bank rates while allowing mortgage rates to stay flat at commercial banks kind of continues that weirdness. Bloomberg economist Eric Zhu said, Second, it could be a signal that other non -monetary policy support is in the pipeline. These policy settings might indicate that Beijing is attempting to navigate the economic downturn without taking measures that would reaccelerate housing prices. China already has some of the most overpriced property on earth, and President Xi has been clear that he wants to put an end to excessive housing speculation. Bruce Pang, chief economist for Greater China at Jones Lang LaSalle, said that the policy actions send a signal that, In some ways, this more moderate intervention could represent a transition away from the infrastructure -heavy, growth -at -any -cost mindset of a pre -pandemic China. In remarks released over the summer, President Xi expanded the scope of national success outside of growth, emphasizing national security, risk preparation, and lower pollution. Michael Herson, a former U .S. Treasury attaché in Beijing, commented that, that local officials should stay disciplined against financial risks and not chase short -term goals, but now they are also being told to support growth. Many officials are thus likely to see the safe course of actions as taking modest efforts at stimulus, but nothing particularly bold. So, taken altogether, this really still leaves us in a very liminal in -between moment. In crypto, we've got USDC and Coinbase preparing for an anticipated regulatory clarity coming down the pipeline, but which still isn't there. Fed watchers policy are trying to grapple with what might come next, and different and conflicting signals in again another wait -and -see period. And then in China, they continue to thread a needle between political goals and economic goals, while all around, continued global realignment is happening. A quiet August may be in some ways, but with, it seems, a lot of change building under the surface. Anyways, friends, that is going to do it for today's breakdown. I hope you enjoyed, and until tomorrow, be safe and take care of each other.

Andrew Brenner Michael Herson Tommy Shaughnessy Zachary Griffiths October 2018 Ryan Rasmussen People's Bank Of China Bruce Pang Eric Zhu Friday 2006 Last Week Tuesday, August 22Nd Jerome Powell Last Year Goldman Sachs Natalyon Securities Austin Campbell 4 .2 % 7%

Effectively Wild: A FanGraphs Baseball Podcast

05:52 min | 4 months ago

"Think the team's to just this year without them. I'm not really all that concerned about it. I mean great hockey players. And you're certainly gonna miss the goals of the provided and the leadership as well but i think that You have to keep in mind. That tim connelly's did not play tall last season. He was out for the whole season. Virtually the whole season anyway. he's back in and he's picked up from where he left off two years ago so i i would think that he would make up for a great deal of the offense. They've lost by losing. Danny briere chris. Jury thing Christmas very very valuable in so many ways including leadership team will have to fill from within as far as Chris jury was concerned but even even having said that. I think you have to remember it in the last couple years. It's the same core group of players who have advanced to the conference finals on both years. The exception of georiga and brianna. Of course so. I think that they gained a lot. They grew up a lot in that period of time. And i think that they all after take share the leadership as a result. Let's talk a little bit about your broadcasting create. you've been doing the sabres game since one thousand nine hundred seventy one starting out on the radio jimmy. Think about what you would be doing if you weren't calling sabres games. I know you're hosted radio show in the mornings in niagara falls at c. j. r. n. For a while both job for over twenty years and I find you decided that that was about enough of that and and gave up the. Cj are in gig I i don't know to be honest. I've been doing this for thirty six years now. So i don't really was doing if i hadn't been doing it but.

brianna georiga Danny briere thirty six years Christmas tim connelly two years ago Chris jury both years over twenty years this year last couple years jimmy chris both job one thousand niagara j. r. n. hundred seventy one sabres game

Horror Soup

02:34 min | 2 years ago

"2007" Discussed on Horror Soup

"Rats cars look like some bread out. Do you fly through the tasting nine. You've done really well because this stuff tastes just like swallow down who couch. Where having by two up to stop hours to removed horace. Keep me well fed. It's good smell good. Wake dead veget- no food baby clubs up. Give me me hard. Be hit the let me diaz cossio private out there. You're just is out new watching baby. Give the kid the kid.

WGBB Sports Talk New York

04:47 min | 2 years ago

"2007" Discussed on WGBB Sports Talk New York

"Their offensive line's going to be so much better next year. Because turkish off ferguson. And nick mangle have a year under their and the rookies. They were pretty impressive when you say they weren't as a matter of fact. Some people thinking about voting nick mangle rookie of the year. It's unprecedented when an office of line. And get something like that but He kinda year. He had the toughest position on the offensive line. In your first year is center because you have to identify where the bullets are coming from. You got to tell the other offensive linemen who's responsible for who and do it within about five seconds spot and then snap the ball and they spend a lotta time shotgun. So you've got to be able to do that as well so i i would tell you that. They're going to be very good on offense. I think next year I'd like to see maybe another playmaking wide receiver believe it or not and and and a threat tight end tight end has got to be you. Know somebody like Antonio gates tony never find a guy like that. That certainly would help chad pennington and continue their development on offense and i love brian. Schottenheimer their offense coordinator. But i don't think we'll get an interview for any head coaching spots this year. But i think next year or the year after he will be a prime candidate. That will be probably away from the new york jets. They continue having success know. You're actually mentioned that on your show and tony gonzales. I think it becomes a free agent this year too. Maybe they just have shown of getting him to update this thing about the jets that they have the best salary cap situation. I believe of any team in the nfl. They'll be about twenty eight million dollars. I believe as i as been reported underneath a salary cap. Now if that's the case they can be very aggressive in free agency you know they're probably gonna look for those mid round mid range guys. I don't know if they'll go african hours but at the end of the day you know mike cannon bound the general manager does not get a lot of credit for this but this is one of the big things in the nfl. These days having the salary cap lex ability to go out and find the players that you desperately need short or team in the short term. Always keeping an eye on the future and making sure that you don't hamstring yourself With overspending for overage dove veterans right. Well just to quickly touch on the giants. I think fans basically of two questions and there'd be can can you. I manning the quarterback that everyone inspection to be and. Do you think tom confidence going to be back next year. Well regards that. You'll i manning. I've thought yesterday we saw the best and the worst. It'd be lying. There were times where he looked like. He had no idea what he was doing and that he was overwhelmed. Know that kind of sleepy feeling that he gets. And i think giant fans have for him when they watch him. Dan knows of degrade drive where he had to overcome numerous penalties to his offensive. Linemen make first downs found plaxico burress. On a couple of big plays and ultimately touchdown pass that tied the game in the heat of the game of the fourth quarter. So there's obviously something there we all see it. We all know it I think the big question for the giants right now is what to do with tom conflict. And i i certainly don't think that his message is resonating in the in the locker room anymore. I think it's falling on deaf ears. He's an old school coach. Old school principals which is fine but in today's day and age with these athletes. You've gotta find somebody who can get more out of him But the penalties the injuries all the things that he talked about when he took over the.

nick mangle Antonio gates tony tony gonzales new york jets mike cannon chad pennington Schottenheimer ferguson nfl brian giants tom plaxico burress Dan

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