Never before have central bankers looked so lost and so out of their depth. Which is why now, as inflation is starting to rear its ugly head, markets are looking to take back control of money.
These monstrosities give the architects of our current malaise even more control over your money.
Though, I also read that Musk was already planning to sell some stock anyway, so that he could raise some cash to buy some very profitable options he owns that are close to expiring.
‘Research from CBA has found a large number of its customers want to access crypto assets as an investment class and are already buying, selling and holding crypto assets through a variety of crypto exchanges.’
As you’ve probably read about by now, the RBA surprised the big end of town by letting bond yields rise last week. This was despite saying previously they didn’t see interest rates rising until as far out as 2024.
Bitcoin and crypto are still being driven heavily by speculation of what may come. It is only once the changes begin to happen that it may actually be too late to get involved.
In today’s Money Morning…crypto for the masses…capitalism was meant be Darwinian…a collision like no other…and more…
Inflation is no longer “transitory”, said Sung Won Sohn, professor of finance and economics at Loyola Marymount University in Los Angeles.
It’s a world where the individual retains some level of self-sovereignty in the face of growing State power.
In today’s Money Morning…‘smart money’ is more afraid than retail investors…because small-caps are disruptive, geopolitics matter less…get your own analyst bonus bounty by doing the hard yards...or this…and more…