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◢ J◎e McCann
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I guess I'm NGMI
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FED'S MUSALEM: WE MAY CUT FASTER IF JOB MARKET WEAKENS MORE THAN FORECAST.
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Even more from the PBoC 🇨🇳PBOC: TO CUT MORTGAGE RATES FOR 1ST AND 2ND HOME BY AROUND 50 BPS. ALL COMMERCIAL BANKS MUST IN BATCHES LOWER INTEREST RATES ON ALL EXISTING MORTGAGES BY OCT 31 TO NO LESS THAN 30 BASIS POINTS BELOW PBOC'S LOAN PRIME RATE.
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Remember when the doomers told you Japan was going to keep hiking? Fade them. https://asia.nikkei.com/Economy/Bank-of-Japan/Japan-s-incoming-PM-Ishiba-calls-for-loose-monetary-policy
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.@crossbordercap sees Bitcoin's "fair value" now at $120,320 (the current price is nearly half that) and, using their internal models, a price of $1.5M by 2032.
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It is hard to re-accelerate inflation with cratering oil prices. @citi sees nearly $1T in less spending on oil from consumers from one year ago.
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