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Thursday 31 October 2019
Concor â Weak macro weighs on earnings
from Moneycontrol Brokerage Recos https://www.moneycontrol.com/news/recommendations/concor-â-weak-macro-weighsearnings_13132601.html
Weekly Tactical Pick: RITES â A blend of attractive growth valuation
from Moneycontrol Latest News https://www.moneycontrol.com/news/business/weekly-tactical-pick-rites-â-a-blendattractive-growthvaluation_13132621.html
US imposes new Iran sanctions, but waives others
from Moneycontrol Latest News https://ift.tt/323liRr
Concor â Weak macro weighs on earnings
from Moneycontrol Latest News https://www.moneycontrol.com/news/recommendations/concor-â-weak-macro-weighsearnings_13132601.html
Hot Stocks: Hold longs on Nifty with a stop-loss below 11,600 levels
from Moneycontrol Latest News https://ift.tt/36nsMSu
Over the next 3 years, earnings may grow 15-20%: Manish Gunwani
Analyst Calls: Gujarat Gas, SKF India, Ramco Cements, Inox Leisure
Wall Street retreats from record on trade cloudiness
from Moneycontrol Latest News https://ift.tt/2C23LhO
Formula 1 reveals 2021 car and regulations
from Moneycontrol Latest News https://ift.tt/2N2Jzmo
Wall Street retreats from record on trade cloudiness
from Moneycontrol Global Markets https://ift.tt/2C23LhO
YES Bank Q2 preview: Loss likely, asset quality may deteriorate
from Moneycontrol Results News https://ift.tt/34npMUG
Stocks in the news: Yes Bank, Dr Reddy#39;s Lab, Ahluwalia Contracts, Bharti Airtel
from Moneycontrol Latest News https://ift.tt/33bkNpW
What changed for the market while you were sleeping? Top 12 things to know
from Moneycontrol Latest News https://ift.tt/2N2Roby
Top 10 best-performing CEOs in the world 2019: Three Indian-origin bosses make it to the list
from Moneycontrol Latest News https://ift.tt/2WwiYRA
10 highest-paid influencers on Instagram: With $47.8 million in earnings Ronaldo beats Messi
from Moneycontrol Latest News https://ift.tt/2C2MbdK
YES Bank Q2 preview: Loss likely, asset quality may deteriorate
from Moneycontrol Latest News https://ift.tt/34npMUG
SBI’s Crypto-Focused Venture Capital Arm Sees Major Turnaround On Year
SBI’s crypto affiliate SBI VC Trade saw a $7 million loss turn into a $30 million profit from H1 FY2018 to H1 FY2019
from Cointelegraph.com News https://ift.tt/2ozf3XJ
Early on D-Street: Book profits in long positions on rally beyond 11,950 or below 11,855
from Moneycontrol Latest News https://ift.tt/2qUEu6S
Do You Know the Newspeak of the Looming ‘NIRP’ Economic Meltdown?
Negative and zero interest rate policy (NIRP and ZIRP) are becoming a new global norm. Endless printing of paper money is said to make economies stronger, while everyday individuals are seeing their savings worth less and less. These policies were traditionally viewed as last ditch, temporary measures to save economies, but are now increasingly being praised with smooth talk from central banks and policymakers as the answer to the world’s problems, paving the way for the next global downturn–possibly even a major economic meltdown.
Also Read: More Filthy Fiat: Two Dozen Central Banks Ramp up the Printing Presses
Sticks and Stones May Break My Bones But Words Make It Less Painful
In George Orwell’s classic dystopian novel 1984, the political language called Newspeak existed “not only to provide a medium of expression for the world-view and mental habits proper to the devotees of Ingsoc [the novel’s dystopian political system], but to make all other modes of thought impossible.” Politicians today employ the same techniques.
Euphemism is designed to make unpalatable realities sound inoffensive or even pleasant. Economic terms like “quantitative easing” and “NIRP” don’t sound particularly threatening or bad. The underlying realities successfully obfuscated, however, and central bankers are able to proceed with impunity in economic activity extremely damaging to the finances of the hardworking individuals they govern.
NIRP and ZIRP
NIRP and ZIRP are acronyms for “negative interest rate policy” and “zero interest rate policy” respectively. The acronyms themselves take some of the punch away from the not-so-wonderful meanings, but the expanded terminologies are also misleading. A negative interest rate is commonly known in the real world as a “fee.” If interest is a payment one receives for lending money to another person, business, or financial institution, negative interest would be a charge for doing so.
With politicians and global financial advisory groups saying things like “Over in Europe and Japan they have NEGATIVE RATES. They get paid to borrow money” (Donald Trump), or “Without cash, depositors would have to pay the negative interest rate to keep their money with the bank, making consumption and investment more attractive” (the IMF), the reality of what is being advocated is hidden.
How Does NIRP Work?
Negative interest rates are set by a country’s central bank. They spur spending and discourage saving. Banks cannot afford to leave excess reserves being eaten away in the central bank at these rates, and are thus incentivized to provide more affordable loans. Some retail banks absorb this cost to keep their depositors from moving savings into cash; other banks charge their customers. The low rates and increased loans mean that more people borrow and spend, and the now stimulated economy is thus viewed as “strong” (more newspeak), juiced up on the speed-like drug of increased easy lending. The printing of more money can then justified under this pretext. At some point, however, the chickens of these policies come home to roost, as sound assets and resources are limited, no matter how much paper money a government prints.
ZIRP is the only slightly more conservative cousin of stimulus-addicted NIRP, and is a zero interest rate policy set by a country’s central bank. Unlike NIRP, zero is the limit as to how low nominal rates can be set, and so other measures such as quantitative easing are often implemented.
Quantitative Easing
When zero interest rate policy fails to stimulate an economy adequately, QE, or quantitative easing, may be employed in conjunction. QE is the creation of more money by a central bank, temporarily easing the stress on a given economy. In QE, central banks create more reserves to buy debt and securities from their governments and sometimes even private entities. As finance website thebalance.com notes:
No funds change hands but the central bank issues a credit to the banks’ reserves as it buys the securities. QE has the same effect as increasing the money supply.
With the domestic money supply increased, economic activity is expected to be stimulated. Like the NIRP and ZIRP policies detailed above, however, it’s akin to taking an aspirin for a serious disease, or buying more credit cards to pay off the pile of old, already maxed-out plastic in one’s wallet.
An increased money supply means higher inflation and the resultant loss of purchasing power. In case QE fails to provide a shot in the arm to a given economy, a phenomenon known as stagflation can also occur where inflation continues in the absence of economic growth. It may seem surprising to consider many world leaders, central banks and financial planners are now praising and implementing policies designed to make money weaker in the name of progress, but that’s the reality.
“Over in Europe and Japan they have NEGATIVE RATES. They get paid to borrow money. Don’t we have to follow our competitors?” @Varneyco Yes we do. The Fed doesn’t have a clue! We have unlimited potential, only held back by the Federal Reserve. But we are winning anyway!
— Donald J. Trump (@realDonaldTrump) October 29, 2019
The NIRP Zeitgeist
In its Global Banking Annual Review 2019, management consulting firm McKinsey & Company claimed that “60 percent of banks destroy value” as they are not economically viable. From 2009 to 2018, most banks studied showed a return on equity (ROE) less than their cost of equity (COE). In other words, they are not making ends meet and in the case of another crisis like the global downturn sparked in the late 2000s, may not survive.
Global trends toward negative rates and easing are nevertheless touted by policy makers as necessary. According to research by the Federal Reserve Bank of San Francisco, “Central banks that have yet to introduce negative rates may take some comfort from this evidence as there appears to be room below zero for additional economic stimulus.” The media is complicit in being the megaphone for these concepts of endless easing and low rates as well, with even respected financial publications praising such moves. None of the pretty language, of course, changes the stark reality underneath.
Rearranging Deck Chairs on the Titanic
To see where all this is potentially heading, one only needs to look back at the long list of countries where inflation has already spiraled out of control, and the current talk from global monetary policymakers and central banks. While many countries have suffered independently before, the timing now suggests a broader, more global financial meltdown could be on the horizon.
Leadership at the European Central Bank continue to praise and advocate for the extension of NIRP and ZIRP policy. Japan, Sweden, Switzerland and Denmark don’t look like they’ll be escaping their deepening, respective NIRP sloughs anytime soon. The U.S., Australia and New Zealand’s rates are all rapidly approaching zero, and New Zealand’s central bank is even considering taxing cash to force people to spend and discourage saving.
The International Monetary Fund (IMF) maintained in February 2019:
Severe recessions have historically required 3–6 percentage points cut in policy rates. If another crisis happens, few countries would have that kind of room for monetary policy to respond.
As rates are already so low globally, another recession could spell real disaster. One of the IMF’s proposed solutions was to even eliminate cash, another emergent global theme.
At the end of the day, central bankers appear to be playing a board game. When the colorful strips of play money run out, the banker just writes some numbers on blank pieces paper and the game goes on. In Monopoly, this is all for the sake of fun and leisure. In reality, it’s a game being played with people’s very livelihoods, by saccharine-tongued politicians and central bank governors who have nothing to lose by gambling your money away.
What are your thoughts on NIRP and QE in the context of the global economy? Let us know in the comments section below.
Image credits: Shutterstock, fair use.
Did you know you can buy and sell BCH privately using our noncustodial, peer-to-peer Local Bitcoin Cash trading platform? The Local.Bitcoin.com marketplace has thousands of participants from all around the world trading BCH right now. And if you need a bitcoin wallet to securely store your coins, you can download one from us here.
The post Do You Know the Newspeak of the Looming ‘NIRP’ Economic Meltdown? appeared first on Bitcoin News.
from Bitcoin News https://ift.tt/2WuXWTD
Do You Know the Newspeak of the Looming ‘NIRP’ Economic Meltdown?
Negative and zero interest rate policy (NIRP and ZIRP) are becoming a new global norm. Endless printing of paper money is said to make economies stronger, while everyday individuals are seeing their savings worth less and less. These policies were traditionally viewed as last ditch, temporary measures to save economies, but are now increasingly being praised with smooth talk from central banks and policymakers as the answer to the world’s problems, paving the way for the next global downturn–possibly even a major economic meltdown.
Also Read: More Filthy Fiat: Two Dozen Central Banks Ramp up the Printing Presses
Sticks and Stones May Break My Bones But Words Make It Less Painful
In George Orwell’s classic dystopian novel 1984, the political language called Newspeak existed “not only to provide a medium of expression for the world-view and mental habits proper to the devotees of Ingsoc [the novel’s dystopian political system], but to make all other modes of thought impossible.” Politicians today employ the same techniques.
Euphemism is designed to make unpalatable realities sound inoffensive or even pleasant. Economic terms like “quantitative easing” and “NIRP” don’t sound particularly threatening or bad. The underlying realities successfully obfuscated, however, and central bankers are able to proceed with impunity in economic activity extremely damaging to the finances of the hardworking individuals they govern.
NIRP and ZIRP
NIRP and ZIRP are acronyms for “negative interest rate policy” and “zero interest rate policy” respectively. The acronyms themselves take some of the punch away from the not-so-wonderful meanings, but the expanded terminologies are also misleading. A negative interest rate is commonly known in the real world as a “fee.” If interest is a payment one receives for lending money to another person, business, or financial institution, negative interest would be a charge for doing so.
With politicians and global financial advisory groups saying things like “Over in Europe and Japan they have NEGATIVE RATES. They get paid to borrow money” (Donald Trump), or “Without cash, depositors would have to pay the negative interest rate to keep their money with the bank, making consumption and investment more attractive” (the IMF), the reality of what is being advocated is hidden.
How Does NIRP Work?
Negative interest rates are set by a country’s central bank. They spur spending and discourage saving. Banks cannot afford to leave excess reserves being eaten away in the central bank at these rates, and are thus incentivized to provide more affordable loans. Some retail banks absorb this cost to keep their depositors from moving savings into cash; other banks charge their customers. The low rates and increased loans mean that more people borrow and spend, and the now stimulated economy is thus viewed as “strong” (more newspeak), juiced up on the speed-like drug of increased easy lending. The printing of more money can then justified under this pretext. At some point, however, the chickens of these policies come home to roost, as sound assets and resources are limited, no matter how much paper money a government prints.
ZIRP is the only slightly more conservative cousin of stimulus-addicted NIRP, and is a zero interest rate policy set by a country’s central bank. Unlike NIRP, zero is the limit as to how low nominal rates can be set, and so other measures such as quantitative easing are often implemented.
Quantitative Easing
When zero interest rate policy fails to stimulate an economy adequately, QE, or quantitative easing, may be employed in conjunction. QE is the creation of more money by a central bank, temporarily easing the stress on a given economy. In QE, central banks create more reserves to buy debt and securities from their governments and sometimes even private entities. As finance website thebalance.com notes:
No funds change hands but the central bank issues a credit to the banks’ reserves as it buys the securities. QE has the same effect as increasing the money supply.
With the domestic money supply increased, economic activity is expected to be stimulated. Like the NIRP and ZIRP policies detailed above, however, it’s akin to taking an aspirin for a serious disease, or buying more credit cards to pay off the pile of old, already maxed-out plastic in one’s wallet.
An increased money supply means higher inflation and the resultant loss of purchasing power. In case QE fails to provide a shot in the arm to a given economy, a phenomenon known as stagflation can also occur where inflation continues in the absence of economic growth. It may seem surprising to consider many world leaders, central banks and financial planners are now praising and implementing policies designed to make money weaker in the name of progress, but that’s the reality.
“Over in Europe and Japan they have NEGATIVE RATES. They get paid to borrow money. Don’t we have to follow our competitors?” @Varneyco Yes we do. The Fed doesn’t have a clue! We have unlimited potential, only held back by the Federal Reserve. But we are winning anyway!
— Donald J. Trump (@realDonaldTrump) October 29, 2019
The NIRP Zeitgeist
In its Global Banking Annual Review 2019, management consulting firm McKinsey & Company claimed that “60 percent of banks destroy value” as they are not economically viable. From 2009 to 2018, most banks studied showed a return on equity (ROE) less than their cost of equity (COE). In other words, they are not making ends meet and in the case of another crisis like the global downturn sparked in the late 2000s, may not survive.
Global trends toward negative rates and easing are nevertheless touted by policy makers as necessary. According to research by the Federal Reserve Bank of San Francisco, “Central banks that have yet to introduce negative rates may take some comfort from this evidence as there appears to be room below zero for additional economic stimulus.” The media is complicit in being the megaphone for these concepts of endless easing and low rates as well, with even respected financial publications praising such moves. None of the pretty language, of course, changes the stark reality underneath.
Rearranging Deck Chairs on the Titanic
To see where all this is potentially heading, one only needs to look back at the long list of countries where inflation has already spiraled out of control, and the current talk from global monetary policymakers and central banks. While many countries have suffered independently before, the timing now suggests a broader, more global financial meltdown could be on the horizon.
Leadership at the European Central Bank continue to praise and advocate for the extension of NIRP and ZIRP policy. Japan, Sweden, Switzerland and Denmark don’t look like they’ll be escaping their deepening, respective NIRP sloughs anytime soon. The U.S., Australia and New Zealand’s rates are all rapidly approaching zero, and New Zealand’s central bank is even considering taxing cash to force people to spend and discourage saving.
The International Monetary Fund (IMF) maintained in February 2019:
Severe recessions have historically required 3–6 percentage points cut in policy rates. If another crisis happens, few countries would have that kind of room for monetary policy to respond.
As rates are already so low globally, another recession could spell real disaster. One of the IMF’s proposed solutions was to even eliminate cash, another emergent global theme.
At the end of the day, central bankers appear to be playing a board game. When the colorful strips of play money run out, the banker just writes some numbers on blank pieces paper and the game goes on. In Monopoly, this is all for the sake of fun and leisure. In reality, it’s a game being played with people’s very livelihoods, by saccharine-tongued politicians and central bank governors who have nothing to lose by gambling your money away.
What are your thoughts on NIRP and QE in the context of the global economy? Let us know in the comments section below.
Image credits: Shutterstock, fair use.
Did you know you can buy and sell BCH privately using our noncustodial, peer-to-peer Local Bitcoin Cash trading platform? The Local.Bitcoin.com marketplace has thousands of participants from all around the world trading BCH right now. And if you need a bitcoin wallet to securely store your coins, you can download one from us here.
The post Do You Know the Newspeak of the Looming ‘NIRP’ Economic Meltdown? appeared first on Bitcoin News.
from Bitcoin News https://ift.tt/2WuXWTD
Do You Know the Newspeak of the Looming ‘NIRP’ Economic Meltdown?
Negative and zero interest rate policy (NIRP and ZIRP) are becoming a new global norm. Endless printing of paper money is said to make economies stronger, while everyday individuals are seeing their savings worth less and less. These policies were traditionally viewed as last ditch, temporary measures to save economies, but are now increasingly being praised with smooth talk from central banks and policymakers as the answer to the world’s problems, paving the way for the next global downturn–possibly even a major economic meltdown.
Also Read: More Filthy Fiat: Two Dozen Central Banks Ramp up the Printing Presses
Sticks and Stones May Break My Bones But Words Make It Less Painful
In George Orwell’s classic dystopian novel 1984, the political language called Newspeak existed “not only to provide a medium of expression for the world-view and mental habits proper to the devotees of Ingsoc [the novel’s dystopian political system], but to make all other modes of thought impossible.” Politicians today employ the same techniques.
Euphemism is designed to make unpalatable realities sound inoffensive or even pleasant. Economic terms like “quantitative easing” and “NIRP” don’t sound particularly threatening or bad. The underlying realities successfully obfuscated, however, and central bankers are able to proceed with impunity in economic activity extremely damaging to the finances of the hardworking individuals they govern.
NIRP and ZIRP
NIRP and ZIRP are acronyms for “negative interest rate policy” and “zero interest rate policy” respectively. The acronyms themselves take some of the punch away from the not-so-wonderful meanings, but the expanded terminologies are also misleading. A negative interest rate is commonly known in the real world as a “fee.” If interest is a payment one receives for lending money to another person, business, or financial institution, negative interest would be a charge for doing so.
With politicians and global financial advisory groups saying things like “Over in Europe and Japan they have NEGATIVE RATES. They get paid to borrow money” (Donald Trump), or “Without cash, depositors would have to pay the negative interest rate to keep their money with the bank, making consumption and investment more attractive” (the IMF), the reality of what is being advocated is hidden.
How Does NIRP Work?
Negative interest rates are set by a country’s central bank. They spur spending and discourage saving. Banks cannot afford to leave excess reserves being eaten away in the central bank at these rates, and are thus incentivized to provide more affordable loans. Some retail banks absorb this cost to keep their depositors from moving savings into cash; other banks charge their customers. The low rates and increased loans mean that more people borrow and spend, and the now stimulated economy is thus viewed as “strong” (more newspeak), juiced up on the speed-like drug of increased easy lending. The printing of more money can then justified under this pretext. At some point, however, the chickens of these policies come home to roost, as sound assets and resources are limited, no matter how much paper money a government prints.
ZIRP is the only slightly more conservative cousin of stimulus-addicted NIRP, and is a zero interest rate policy set by a country’s central bank. Unlike NIRP, zero is the limit as to how low nominal rates can be set, and so other measures such as quantitative easing are often implemented.
Quantitative Easing
When zero interest rate policy fails to stimulate an economy adequately, QE, or quantitative easing, may be employed in conjunction. QE is the creation of more money by a central bank, temporarily easing the stress on a given economy. In QE, central banks create more reserves to buy debt and securities from their governments and sometimes even private entities. As finance website thebalance.com notes:
No funds change hands but the central bank issues a credit to the banks’ reserves as it buys the securities. QE has the same effect as increasing the money supply.
With the domestic money supply increased, economic activity is expected to be stimulated. Like the NIRP and ZIRP policies detailed above, however, it’s akin to taking an aspirin for a serious disease, or buying more credit cards to pay off the pile of old, already maxed-out plastic in one’s wallet.
An increased money supply means higher inflation and the resultant loss of purchasing power. In case QE fails to provide a shot in the arm to a given economy, a phenomenon known as stagflation can also occur where inflation continues in the absence of economic growth. It may seem surprising to consider many world leaders, central banks and financial planners are now praising and implementing policies designed to make money weaker in the name of progress, but that’s the reality.
“Over in Europe and Japan they have NEGATIVE RATES. They get paid to borrow money. Don’t we have to follow our competitors?” @Varneyco Yes we do. The Fed doesn’t have a clue! We have unlimited potential, only held back by the Federal Reserve. But we are winning anyway!
— Donald J. Trump (@realDonaldTrump) October 29, 2019
The NIRP Zeitgeist
In its Global Banking Annual Review 2019, management consulting firm McKinsey & Company claimed that “60 percent of banks destroy value” as they are not economically viable. From 2009 to 2018, most banks studied showed a return on equity (ROE) less than their cost of equity (COE). In other words, they are not making ends meet and in the case of another crisis like the global downturn sparked in the late 2000s, may not survive.
Global trends toward negative rates and easing are nevertheless touted by policy makers as necessary. According to research by the Federal Reserve Bank of San Francisco, “Central banks that have yet to introduce negative rates may take some comfort from this evidence as there appears to be room below zero for additional economic stimulus.” The media is complicit in being the megaphone for these concepts of endless easing and low rates as well, with even respected financial publications praising such moves. None of the pretty language, of course, changes the stark reality underneath.
Rearranging Deck Chairs on the Titanic
To see where all this is potentially heading, one only needs to look back at the long list of countries where inflation has already spiraled out of control, and the current talk from global monetary policymakers and central banks. While many countries have suffered independently before, the timing now suggests a broader, more global financial meltdown could be on the horizon.
Leadership at the European Central Bank continue to praise and advocate for the extension of NIRP and ZIRP policy. Japan, Sweden, Switzerland and Denmark don’t look like they’ll be escaping their deepening, respective NIRP sloughs anytime soon. The U.S., Australia and New Zealand’s rates are all rapidly approaching zero, and New Zealand’s central bank is even considering taxing cash to force people to spend and discourage saving.
The International Monetary Fund (IMF) maintained in February 2019:
Severe recessions have historically required 3–6 percentage points cut in policy rates. If another crisis happens, few countries would have that kind of room for monetary policy to respond.
As rates are already so low globally, another recession could spell real disaster. One of the IMF’s proposed solutions was to even eliminate cash, another emergent global theme.
At the end of the day, central bankers appear to be playing a board game. When the colorful strips of play money run out, the banker just writes some numbers on blank pieces paper and the game goes on. In Monopoly, this is all for the sake of fun and leisure. In reality, it’s a game being played with people’s very livelihoods, by saccharine-tongued politicians and central bank governors who have nothing to lose by gambling your money away.
What are your thoughts on NIRP and QE in the context of the global economy? Let us know in the comments section below.
Image credits: Shutterstock, fair use.
Did you know you can buy and sell BCH privately using our noncustodial, peer-to-peer Local Bitcoin Cash trading platform? The Local.Bitcoin.com marketplace has thousands of participants from all around the world trading BCH right now. And if you need a bitcoin wallet to securely store your coins, you can download one from us here.
The post Do You Know the Newspeak of the Looming ‘NIRP’ Economic Meltdown? appeared first on Bitcoin News.
from Bitcoin News https://ift.tt/2WuXWTD
Mi TV 4X Review
from RSS Feeds : RSS REVIEWS Feed - NDTV Gadgets360.com https://ift.tt/32ZgPk0
Security Token Platform Receives Transfer Agent License From SEC
Harbor has received a transfer agent license from the U.S. SEC
from Cointelegraph.com News https://ift.tt/2q57Z5D
Wednesday 30 October 2019
Fed cuts interest rates, but indicates a pause is ahead
from Moneycontrol Latest News https://ift.tt/2JAX76q
Stocks in the news: IOC, Bharti Airtel, TVS Motor, Ramco Systems, JK Tyre, CONCOR, Quess Corp
from Moneycontrol Latest News https://ift.tt/2WxlMOr
Countries with the highest inflation: In this nation, residents pay 5 million for just 5 tomatoes
from Moneycontrol Latest News https://ift.tt/31UD0qc
What changed for the market while you were sleeping? Top 12 things to know
from Moneycontrol Latest News https://ift.tt/2PxPQbq
Stocks in the news: IOC, Bharti Airtel, TVS Motor, Ramco Systems, JK Tyre, CONCOR
from Moneycontrol Latest News https://ift.tt/2N3iVJS
Union Territories of Jammu and Kashmir, Ladakh come into existence
from Moneycontrol Latest News https://ift.tt/2JBmy86
Asian stocks edge higher after Fed rate cut, focus shifts to BOJ
from Moneycontrol Latest News https://ift.tt/2PyBvLD
Wall Street gains, US Treasury yields fall after remarks by Fed#39;s Powell
from Moneycontrol Latest News https://ift.tt/34lkrNz
Asian stocks edge higher after Fed rate cut, focus shifts to BOJ
from Moneycontrol Global Markets https://ift.tt/2PyBvLD
Wall Street gains, US Treasury yields fall after remarks by Fed#39;s Powell
from Moneycontrol Global Markets https://ift.tt/34lkrNz
Low valuations, possible stake sales make PSU funds attractive
HDFC Life may get more muscle in MSCI Index, stock surges
Relief for PMC Bank depositors as RBI moves to sell attached assets
from Stocks-Markets-Economic Times https://ift.tt/2BWEW79
Analyst Calls: Maruti Suzuki, Tech Mahindra, Petronet, Astral Poly Technik
RIL’s fibre asset monetisation plan hits a roadblock
DDT, LTCG, STT cuts have to wait on revenue concerns
TCS plans to remove digital classification from its business
1.3 mn Indian payment cards' details up for sale on Dark Web
The Tatiana Show Ep. 229 Mati Greenspan
Mati Greenspan stops by this episode of The Tatiana Show. Mati is a Senior Market Analyst for our newest sponsor eToro. Having over a decade's experience working in financial advice, he manages portfolios for the company's VIP clients and handles eToro's Premium Club Network.
Tatiana and Mati dive into his background where he began paper trading at the age of 13 and began working in financial markets in 2008. A chance email blast in 2013 led to his discovery of Bitcoin and his interest in the crypto space.
Mati gives his thoughts on the Federal Reserve's current policies and what effect they will have on the economy. He also gives tips for beginning traders, ways to diversify your portfolio, and the risks and rewards of trading Bitcoin.
About the Guests:
Mati has been at eToro for over five years as a Senior Market Analyst and has over a decade's experience working in financial advice.
At eToro, Mati works as a portfolio manager for VIP clients with a minimum equity of $1 million and manages eToro's Premium Club Network.
He also provides a daily market update, providing experts analysis on financial news and cryptocurrencies for clients, partners and media.
He studied Financial Markets at Yale University before moving on to the Economics of Money and Bank and Columbia, becoming a fully licensed Portfolio Manager in 2017.
More Info:
Etoro.com
Friends and Sponsors of the Show:
Celsius.network/get-the-app/ use code Tatiana
*You have been listening to the Tatiana Show. This show may contain adult content, language, and humor and is intended for mature audiences. If that's not you, please stop listening. Nothing you hear on The Tatiana Show is intended as financial advice, legal advice, or really, anything other than entertainment. Take everything you hear with a grain of salt. Oh, and if you're hearing to us on an affiliate network, the ideas and views expressed on this show, are not necessarily of the those of the network you are listening on, or of any sponsors or any affiliate products you may hear about on the show.
from The Let's Talk Bitcoin Network https://ift.tt/2PxlhT3
10th-Largest Indian State to Release Policy for Blockchain and AI
The 10th-largest Indian state, Tamil Nadu, is reportedly working on a state-level policy for blockchain technology and AI
from Cointelegraph.com News https://ift.tt/2BYJsSo
The 0x Protocol v3 Upgrade Looks to Advance on DEX Liquidity and ZRX Staking
Cryptocurrency and blockchain projects need to keep evolving at every possible occasion. The 0x project, which still goes by largely unnoticed, is preparing to integrate several crucial changes. Particularly the new staking mechanism and DEX liquidity aggregation are worth checking out. It is now up to ZRX holders to vote on whether or not this upgrade will go into effect.
The Vote For 0x V3
Different cryptocurrency projects will introduce their appropriate upgrades through a variety of manners. When that currency is not minable like Bitcoin, more creative solutions need to be utilized whenever possible. In the case of 0x, the vote to implement v3 of the protocol will occur by the holders of the native ZRX token. They will cast their vote, and if approved, the new version will be implemented on the Ethereum mainnet in late November 2019.
This is very different from how proof-of-work-based cryptocurrencies introduce upgrades Miners are the ones determining whether or not the upgrade is necessary. Everyone else simply has to follow the majority’s decision, a concept that has caused many debates and fraction in the past. The approach by 0x is very different, but it is only possible because it is a network running on top of Ethereum. Once the voting process begins, users will be able to follow its progress live.
Some Crucial Upgrades
As is the case with any protocol change or improvement, there will be some noteworthy changes for all users. The main purpose of this iteration is to expand upon the liquidity for DeFi, as well as decentralized exchanges. That latter part is well worth keeping an eye on, considering how DEXes are playing an increasing role of importance in this industry.
Another crucial development to be voted upon is whether the new ZRX staking mechanism should be deployed. Given how the project is public infrastructure, the staking of tokens plays a crucial role Bringing more liquidity into the network is beneficial to stakers or users of staking pools as well. More tokens give holders more “clout” in terms of determining the development of the protocol as a whole. It remains a very tight rope to walk upon, considering how token holders that delegate automatically give half their voting power to the current market maker running the staking pool.
The Bridge Contracts
Perhaps the most intriguing feature of this network upgrade – from a technical point of view – is how the 0x developers aim to introduce bridge contracts. This is part of the DEX liquidity process. It would merge liquidity from not just 0x but also other networks -such as Kyber and Oasis – into one “stream”. This is a major step forward regarding the development and future of decentralized trading platforms in the cryptocurrency industry.
Image(s): Shutterstock.com
The post The 0x Protocol v3 Upgrade Looks to Advance on DEX Liquidity and ZRX Staking appeared first on The Merkle Hash.
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