Scion Capital hedge fund founder Michael Burry, famous for predicting and profiting from the housing market crash of the mid-2000s, has returned to Twitter (TWTR) – Get the Twitter Inc. report. to comment on inflation and Fed interest rate hikes and monetary policy. Figure 1: Michael “Big Short” Burry’s Latest Take on US Inflation MarketWatch … Read more
In the recent euphoria of the markets, Michael Burry must appear as a killjoy. In addition, he chose “Cassandra BC” as a pseudonym on the microblogging site Twitter. This suggests that he doesn’t mind often going against the mainstream if in the end he ends up being right. The main financial indices closed on August … Read more
Topline The stock market rallied on Wednesday, reversing losses from earlier in the week on stronger-than-expected economic data that helped offset lingering recession fears, even as Federal Reserve officials continue to pledge to further rate hikes to bring inflation down. Markets surged higher amid renewed optimism about the economy, which offset recession fears. Seth Wenig/Associated … Read more
The following is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin magazine premium markets newsletter. To be among the first to receive this information and other on-chain bitcoin market analysis straight to your inbox, Subscribe now. On July 27, 2022, the Federal Reserve carried out another rate hike of 75 basis points. … Read more
The Federal Reserve is once again using its most powerful weapon in an attempt to stifle the highest inflation in 40 years: increases in interest rates. But the central bank’s decision on Wednesday to raise borrowing costs further means consumers and businesses are grappling with back-to-back increases of three-quarters of a percentage point – a … Read more
The Federal Reserve took an aggressive step on Wednesday to combat soaring inflation by announcing another larger-than-usual interest rate hike of three-quarters of a percentage point. The increase comes as central bank officials face a difficult balancing act: driving down prices amid growing fears of an economic slowdown. The latest increase takes the federal funds … Read more