Day: November 30, 2024

Even the Fed is losing money: The Federal Reserve just reported a $19.9 BILLION operating loss in Q3 2024 up from $16.9 billion in Q2 – TKL

This marks the 8th consecutive quarter of operating losses for the central bank. As a result, cumulative operating losses reached a massive $210 billion over the last 2 years. This comes as the Fed has been paying hundreds of billions in interest to banks and money market funds. At the same time, income the Fed has earned on Treasuries and Mortgage-Backed-Securities has declined. submitted by /u/XGramatik [link] [comments]

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“Robots are taking over laundries: jobs are under threat! 🤖 Watney Robotics has unveiled machines that fold laundry themselves and run 24/7, seven days a week. Laundry employees are now at risk of losing their jobs if they don’t master the maintenance of these smart assistants!

“Robots are taking over laundries: jobs are under threat! 🤖 Watney Robotics has unveiled machines that fold laundry themselves and run 24/7, seven days a week. Laundry employees are now at risk of losing their jobs if they don’t master the maintenance of these smart assistants! submitted by /u/glira31 [link] [comments]

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This is truly remarkable: Since 2020, US equity funds have seen $1.09 TRILLION of inflows, the most out of any 5-year period in history – TKL

This is nearly 5 TIMES more than Europe, Japan, and Emerging Markets COMBINED. This year alone, US equities posted a MASSIVE $448 billion of inflows. As a result, US stocks have widely outperformed the rest of the world. Since 2020, the S&P 500 has risen more than 5 TIMES as much as non-US stocks. The US stock market is in its own league. submitted by /u/XGramatik [link] [comments]

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TKL: How bad has the US debt crisis become? The US Debt-to-GDP ratio just hit 121%, the highest since 2021.

This ratio has DOUBLED over the last 16 years. To put this into perspective, during WWII US Debt-to-GDP peaked at 119%. This all comes as federal debt has skyrocketed by $26.6 TRILLION and nearly TRIPLED since 2008. By comparison, the economy has grown by $14.6 trillion, or $12 trillion less. Meanwhile, the CBO forecasts the US Debt-to-GDP ratio will reach near a record 131% in 2034 assuming there will be no recession. What happens if a recession hits? submitted by /u/XGramatik [link] [comments]

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📈 Inflation in Tokyo reached 2.6% in November In November 2023, the headline consumer price index (CPI) in Tokyo increased by 2.6% year on year.

📈 Inflation in Tokyo reached 2.6% in November In November 2023, the headline consumer price index (CPI) in Tokyo increased by 2.6% year on year. This is a significant increase from the previous month, when the inflation rate was 1.8%. Japan’s statistics bureau on Friday published data that confirmed rising inflation. Price dynamics continue to be an important aspect of the economic situation in the country. submitted by /u/Yuriy_UK [link] [comments]

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Ripple’s XRP crosses $100 billion market cap following high expectations for its stablecoin and ETF approvals

Ripple’s XRP rose to $1.7 after rumors of RLUSD approval by New York regulators made the headlines. Bitwise’s André Dragosch stated that an XRP approval is even more likely in 2025 as retail investors show higher demands. XRP could extend its rally by 30% if it surges above the $1.96 level. submitted by /u/Denchock [link] [comments]

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