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News & Articles By Arsenio Toledo
07/01/2022
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By Arsenio Toledo
Wells Fargo CEO warns American economy unprepared for Fed interest rate hikes
Wells Fargo CEO Charles Scharf warned that America’s economy is not prepared to deal with the Federal Reserve’s interest rate hikes. Scharf gave this warning during an interview on CNBC. It follows the Fed’s announcement that it will try to rein in out-of-control inflation with more rate hikes. Fed Chair Jerome Powell claimed this is the only […]
06/30/2022
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By Arsenio Toledo
“Crypto Nostradamus” John Perez: $2 trillion loss in value just the start, larger crypto crash coming
John Perez, the “crypto Nostradamus” who predicted the cryptocurrency market’s ongoing collapse, believes an even bigger crash is looming over the horizon for cryptocurrencies. Latest reports by industry analysts have warned that cryptocurrencies have lost around $2 trillion in value since their peak in Nov. 2021. This is according to crypto data website CoinMarketCap, whose investigation found […]
06/28/2022
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By Arsenio Toledo
Announcement of Russia defaulting on debts an attempt to divert attention away from the West’s endless money printing
The announcement that Russia has defaulted on its debt is an attempt by Western central banks to hide the fact that it is destroying the global financial system by flooding it with more newly printed money. Russia has supposedly defaulted on its external sovereign bonds for the first time since 1918. This is the culmination of severe […]
06/27/2022
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By Arsenio Toledo
Biden economic advisor claims MORE SPENDING will combat inflation
An economic adviser to President Joe Biden claimed that more government spending is necessary for the United States to combat the inflation crisis. Cecilia Rouse, chair of the Council of Economic Advisers, made this claim during an interview with Joe Kernen, news anchor for the CNBC program “Squawk Box.” During the interview, Rouse was asked if […]
06/26/2022
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By Arsenio Toledo
Fed chair admits US dollar’s international standing could collapse
Federal Reserve Chair Jerome Powell admitted in a speech that the American dollar is at risk of losing its standing as the world’s preeminent currency. He made this admission as he pushed for the United States to create a digital currency that he said would preserve the dollar’s status. Powell made this claim during a speech at […]
06/23/2022
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By Arsenio Toledo
Economist: America about to enter next stage of inflation, which will be so much worse
An expert economist warned that the United States’ inflation crisis is about to enter a new stage and the economy will become even more precarious. Inflation is already at a 40-year record-high, according to the Department of Labor‘s Consumer Price Index for May. Secretary of the Treasury Janet Yellen is already warning that high inflation is […]
06/22/2022
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By Arsenio Toledo
Used truck auction prices drop as more truckers abandon their vehicles and leave the industry
Auction prices for used trucks are falling as the freight market cools off. The rate at which prices are falling is occurring almost as rapidly as they rose to record-highs over the last year. The drop in used truck prices is leaving many owner-operators stuck with overpriced equipment that they purchased when prices were very […]
06/16/2022
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By Arsenio Toledo
Coinbase lays off 18% of workers as cryptocurrencies plummet in value
Coinbase, one of the world’s largest cryptocurrency holding and exchange platforms, has recently announced that it is laying off nearly a fifth of its entire workforce following the decline of stock prices and the value of most cryptocurrencies. The company will cut 18 percent of full-time jobs or around around 1,100 people. (Related: Crypto CONTAGION spreads as […]
06/15/2022
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By Arsenio Toledo
30-year fixed mortgages surge above 6% for the first time since 2008 as market reacts to Fed rate hikes
Mortgage rates have surged this week as fears of the Federal Reserve enacting more aggressive interest rate increases upset American financial markets. According to Mortgage News Daily (MND), the average rate on 30-year fixed mortgages, the most popular kind of mortgage in America today, rose by 10 basis points to 6.28 percent on Tuesday, June 14. This […]
06/14/2022
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By Arsenio Toledo
Wall Street analysts: Fed to hike interest rates more aggressively in bid to address soaring inflation
The hottest period of inflation in the United States will likely push the Federal Reserve to raise interest rates even more aggressively than it already has, potentially plunging the country into a recession. Fed policymakers have all but guaranteed that they will raise interest rates by 0.5 percent in their next meeting next week. This […]
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