Fed’s Daly says data now justifies cutting interest rates

Demand for #Bitcoin is through the roof:

Open interest in Bitcoin Futures on CME has surpassed 40,000 contracts for the first time in history.

Since the beginning of the year, the total number of outstanding contracts for Bitcoin has DOUBLED.

To put this into perspective, at…

You can’t make this up:

US personal savings have just been revised down by a MASSIVE $140 billion for 2024.

The savings rate for September was revised to 4.1% from the 4.6% initially reported in October.

The rate for August was adjusted down to 4.4% from 4.8% reported last…

BREAKING: Investors bought just 16% of homes sold in the US in Q3 2024, the lowest share in 4 years.

This is ~5 percentage points below the record high seen in Q1 2022.

As a result, market share held by investors has declined toward pre-pandemic levels seen in 2019.

In total,…