The idea of lifting the cryptocurrency ban has started floating in China as a former central bank official has called the country to review its stringent crypto restrictions.
Many people have called for raising the Fed’s inflation target to 3.0 percent or even 4.0 percent. If the Fed is going to change its target, it should be done after it has brought inflation down to the 2.0 percent target.
The only reason the Fed or the ECB wants a digital currency is that they want to retain their market share without defending the purchasing power and reserve of value status of their currency.
The new year began with investor optimism. Equities and bonds rallied in January, and the dollar traded heavily. Now we need to look at currencies and brinksmanship, at home and abroad.
The market’s contrasting reactions to December-quarter results from the ‘Big 5 Tech Players’ provides us with useful clues as to what is most important to investors in these mega-cap players.