Month: December 2024

Sergey Auslender: A businessman friend called me, someone who always sees things from a different angle, and scolded me for, as usual, missing the main point – how much money Russian generals (and not just them) will make off the Syrian story.

“Just think about it,” he explained, “imagine how much can be written off under the pretext of evacuation! It’s a goldmine.” I immediately recalled the famous report from the First Chechen War: “In the UAZ vehicle blown up by an IED planted by members of illegal armed groups, there was…” – followed by a list of loot that could barely fit into two KAMAZ trucks. submitted by /u/MarciaUnrein [link] [comments]

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COFFEE PRICES HIT 47-YEAR HIGH

Arabica coffee futures have soared past the April 1977 record, doubling in price over the last year due to concerns over Brazil’s crop. Even robusta beans, often used as a cheaper alternative, reached new highs due to weather issues in Vietnam. This surge could raise coffee prices for consumers, with producers already adjusting prices. The price hike is partly driven by speculation, as the next harvest could bring relief if favorable. submitted by /u/XGramatik [link] [comments]

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EUR/USD slides on ECB dovish bets, US inflation in focus

EUR/USD drops to near 1.0530 as investors await key events including US inflation and the ECB policy meeting. The ECB is widely anticipated to cut its Deposit Facility Rate by 25 bps to 3% on Thursday. Economists expect US annual core CPI to have grown steadily by 3.3% in November. submitted by /u/Denchock [link] [comments]

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On Thursday, TIME will announce the 2024 Person of the Year. Who should it be?

Time magazine has revealed its short list for 2024 Person of the Year: https://preview.redd.it/7moj5bini06e1.jpg?width=1024&format=pjpg&auto=webp&s=031f96e257d51d1ff8af7e36cf3ffe9ec49cc982 Kamala Harris 🇺🇸: “The American dream belongs to all of us.’” Kate Middleton 🇬🇧: “I really hope I can make a difference, even in the smallest way.” Elon Musk 🇺🇸: “I could either watch it happen or be a part of it.” Yulia Navalnaya 🇷🇺: “If you want to defeat Putin, fight his criminal gang.” Benjamin Netanyahu 🇮🇱: “I have a message for you: Israel will win this battle. We will win this battle because we don’t have a choice.” Jerome Powell 🇺🇸: “No single housing finance institution should be too big to fail.” Joe Rogan 🇺🇸: “Greatness and madness are next-door neighbors and they often borrow each other’s sugar.” Claudia Sheinbaum 🇲🇽: “There will be rule of law.” Donald Trump 🇺🇸: ” I’ve always won, and I’m going to continue to win. And that’s the way it is.” submitted by /u/FXgram_ [link] [comments]

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InvestorPlace: France moves to tax unrealized gains on Bitcoin

A big shout-out goes to France for the most impressive bonehead idea of December. Last week, French Senator Sylvie Vermeillet proposed classifying Bitcoin as “unproductive.” According to French law, that would mean… taxes on unrealized gains! So far, the idea has passed a preliminary vote in the Senate, and is endorsed by France’s Finance Minister, Laurent Saint-Martin. To clear up confusion, yes, this would mean that even if you don’t sell your Bitcoin, you’d have to pay the same tax as if you’d sold. The tax on Bitcoin’s gains in France is currently at 30%, but it’s unclear if this rate would be the same under this new proposal. The tax would kick in if unrealized gains on Bitcoin exceed €800,000 (about $845,000). Yes, that’s a lot of money, but for early investors in Bitcoin, it wouldn’t have required a huge initial investment to find yourself with that kind of gain. Consider the implications… Say you got lucky with a Bitcoin purchase some years ago and had the stomach to hold as the crypto soared and crashed. Here you are today, sitting on a $1M net worth – but it’s almost entirely thanks to your Bitcoin gain. Will you have hundreds of thousands of dollars laying around to pay this tax? Of course not. So, your only choice will be to sell your Bitcoin. What a staggering punishment for your investment foresight and iron stomach. By the way, if you want to flee France to escape this tax, the politicians are one step ahead of you: the unprecedented crypto tax regulation in France targets wealthy investors planning to exit the country. As bad as this is, French Bitcoin “Hodlers” should take the hit and get out of France now because we’re likely nowhere near the end of Bitcoin’s run (despite volatility). submitted by /u/FXgram_ [link] [comments]

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📊🤔📈XAU/USD 🚀 breaches above the symmetrical triangle and faces the 2675 resistance level. The price breaks above the 200-MA and further surpassing of the resistance area will lead to a rise toward order blocks 1 (OB1) and 2 (OB2).🤓

XAUUSD 🚀 breaches above the symmetrical triangle and faces the 2675 resistance level. The price breaks above the 200-MA and further surpassing of the resistance area will lead to a rise toward order blocks 1 (OB1) and 2 (OB2). submitted by /u/Yuriy_UK [link] [comments]

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Mexican Peso dips with the Dollar firming up ahead of US CPI data

The US Dollar picks up supported by a sourer market sentiment ahead of the US CPI release. Soft Mecican CPI data has increased hopes of a 25 bps rate cut next week and is weighing on the MXN. Technically, USD/MXN’s double top at 20.80 suggests the possibility of a deeper correction. submitted by /u/Denchock [link] [comments]

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The final of the international programming championship Yandex Cup 2024 took place in Tashkent

The prize fund reached a record amount for the championship of 16 million rubles, and the winners were 94 participants from around the world, including Russia, Belarus, Japan, the USA, Portugal and the UK. The prize fund reached a record amount for the championship of 16 million rubles, and the winners were 94 participants from around the world, including Russia, Belarus, Japan, the USA, Portugal and the UK. submitted by /u/Denchock [link] [comments]

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📊🤓📉 US30 formed an ascending channel in a long-term bullish trend. Price has updated ATH and bounced, while MACD indicates a decline and DI- crossed DI+ on ADX, confirming the possibility of a decline.🤔

📉 US30 formed an ascending channel in a long-term bullish trend. Price has updated ATH and bounced, while MACD indicates a decline and DI- crossed DI+ on ADX, confirming the possibility of a decline. submitted by /u/Yuriy_UK [link] [comments]

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