Banking, Cryptocurrencies

“Visa and Coinbase team up to create crypto-backed debit card”

“…Visa today announced a debit card that will allow users to buy things using fiat money converted from cryptocurrency stored in online wallets. The new Coinbase Card it is directly tied to the a person’s cryptocurrency balance in digital wallets managed by… Continue Reading…

Banking, Economy

“$1,163,090,000,000: Federal Spending Sets Record Through December”

“The federal government spent a record $1,163,090,000,000 in the first three months of fiscal 2020 (October through December), according to the Monthly Treasury Statement released Monday afternoon. That was up $48,008,200,000 from the $1,115,081,800,000 (in constant December 2019 dollars) that the… Continue Reading…

Banking, Economy

“Fed Adds $76.9 Billion in Overnight Money to Markets”

“The Federal Reserve Bank of New York added $76.9 billion in temporary money to financial markets Monday. The Fed’s intervention came via an overnight repurchase-agreement operation that took in Treasury and mortgage securities…” https://www.wsj.com/articles/fed-adds-76-9-billion-in-overnight-money-to-markets-11578321440

Banking

Content Sharing Partners

I figure I should make a list because it’s rather convenient in many ways. Raxxmorz currently shares content with: GsiexchangeClaimcompass.eu

Banking, Economy

“Decade of Debt: Federal Debt Up More Than $10 Trillion in 2010s”

“The federal debt increased by a record $10,796,419,662,320 in the decade that is coming to a close today, according to data published by the U.S. Treasury. This was the first decade in the history of the nation when increases in the federal… Continue Reading…

Banking

Full Article: “How to Travel More Even if You’re Working Full-Time”

“Seems impossible, right? Thousands of people – if not millions – consider their full-time job as the main reason why they don’t travel more. Lack of time and/or money are indeed two seemingly insurmountable obstacles when it comes to traveling.… Continue Reading…

Banking, Economy

“The Fed will stay in hibernation until at least summer: CNBC survey”

“Federal Reserve policymakers will go into hibernation for as much as six months, holding interest rates unchanged until at least the summer, according to respondents of the December CNBC Fed Survey… “The risks to the outlook for economic growth and inflation… Continue Reading…

Banking, Business

“US corporate debt nears $10 trillion… 47% of economy”

“US corporations are sitting on nearly $10 trillion in debt. That’s equivalent to roughly 47% of the overall economy, which is a record, according to date first cited by the Washington Post. Since the financial crisis in 2008, corporations have splurged… Continue Reading…

Banking, Economy

“… Black Friday or Cyber Monday [which] is the better day…”

“Cyber Monday traditionally comes three days after Black Friday and revolves around online deals. It’s even bigger than Black Friday — retail sales this year are expected to top $10 billion… In short, yes. “When comparing the two days last year,… Continue Reading…

Banking, Economy, Personal Finance

“Angry savers emailed Janet Yellen: We’re getting crushed by low rates”

“Rock-bottom interest rates have pumped up stock prices, knocked down mortgage rates and supported the creation of countless unicorns in Silicon Valley. Savers, on the other hand, have been crushed by near-zero rates.Some of those savers penalized by the Federal Reserve’s… Continue Reading…