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Big Short Thanos: The NFT Market Is Filled With Evil, It's Pure Money Laundering
Big bear Jim Chanos said on Thursday that the NFT market is riddled with “nefarious activity” and conflicts of interest. Chanos said at an event on Thursday, “My concern is that related parties set prices for some NFTs in auctions or so-called sales; the prices are actually themselves.” Chanos said that traders can set false and inflated market prices and then issue another set of NFTs for the public to buy at so-called large discounts. “That way they can profit from the 10x increase they just made. It's as old as the market. This is a money laundering deal.” However, he added that regulating cryptocurrencies will be difficult
Biden signs the vote on account bill the federal government avoids a shutdown and can maintain operations until December 3
Us President Joe Biden has signed an expedient spending bill that will provide funds to the federal government until December 3, allowing the government to avoid a partial shutdown, the White House said in a statement. The stopgap spending bill also includes $28.6 billion for hurricanes and wildfire reconstruction in some states, and $6.3 billion for the resettlement of U. S. war refugees in Afghanistan, but does not include a moratorium on the debt ceiling.
US Treasury bonds are expected to record their first weekly decline in six weeks due to strong employment reports
US Treasury bonds are falling, and 10-year treasury bond yields are likely to rise for the first time in six weeks, as better-than-expected employment reports reinforce market expectations that the Fed will reduce stimulus in the pandemic era. As of 10:16 New York time, 10-year US Treasury yields rose 6 basis points to 1.29%. The yield on 5-year treasury bonds rose 4 basis points to 0.76%; previously it hit the highest level since July 16. The dollar rose to a 1-week high. The Ministry of Labor's report on Friday showed that non-farm employment increased by 943,000 in July, and the June data was revised up to 938,000. Investigated by Bloomberg
There's no turning back: won't the Delta virus variant disrupt the Fed's debt reduction plan?
Original title: There is no going back: Will the Delta virus variant disrupt the Fed's debt reduction plan? Source: FX168 Right now, senior US economic policymakers are facing a key question: will the delta virus variant hold back more than 6 million Americans who are still unemployed compared to pre-pandemic levels? Concerns about childcare and increased unemployment insurance benefits are often cited as the main reasons people are reluctant to return to work. But the third reason is the fear of contracting the virus, a factor that may be amplified by the spread of the more infectious variant of the deltavirus. At the Federal Reserve (Fe
Only 10% of the unemployed in the United States are actively looking for work, afraid that the virus will become the biggest excuse.
The number of job openings in the US is at a record level, but the unemployed do not seem to be in a hurry to find a job, with only about 10 per cent of job seekers actively looking for a new job. According to a survey by the job search website Indeed, the number one reason why the unemployed are reluctant to look for a job is for fear of infecting novel coronavirus. About 5000 American adults were surveyed between May 26 and June 3. About 23 percent of respondents said their fear of novel coronavirus made them "in no hurry" to find a job. After that, economic security is the biggest reason for their lack of urgency in job hunting. About 20.8% of respondents
The gloomy outlook for inflation in the euro zone contradicts traders' expectations of an ECB rate hike
Traders are betting that the ECB will raise interest rates in two years' time, but based on market inflation expectations, that expectation is hardly tenable. An indicator of the expected trajectory of CPI shows that inflation will struggle to meet the ECB's mandate targets for the next 30 years. This calls into question the market's current forecast that interest rates will rise by 10 basis points by the middle of 2023. The bet reflects that consumer prices rose 2 per cent in May, the highest level in more than two years, as the eurozone vaccination programme accelerated and the economy continued to improve. This is in sharp contrast to what happened at the end of last year, when money markets were betting.
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