from The Money GPS:
by Molly Jane Zuckerman, Coin Telegraph:
A study on issues of competition in fintech, commissioned by the European Parliament Committee on Economic and Monetary Affairs (ECON), was published July 20. It found that central bank-issued digital currencies could be a “remedy” for a lack of competition policy in the crypto sector:
“The arrival of permissioned cryptocurrencies promoted by banks, even by central banks, will reshape the current competition level in the cryptocurrency market, broadening the number of competitors.”
by Karl Denninger, Market Ticker:
The Wall Street Journal reports that Tesla is now “asking for” (read: demanding) a post-delivery rebate on some of the funds spent with suppliers — for the last two years.
In other words they agreed to buy “X” for $Y, and now, after the fact, after they were invoiced and, presumably they paid said invoice and consumed said supplier’s stuff they are demanding some of the money they paid back.
The Journal does not imply or state, incidentally, that this is due to some sort of post-delivery quality problem (for which such a “request” would be reasonable.)
by Harry Dent, Market Oracle:
In I showed how Japan’s first and more massive real estate bubble peaked in 1991. And then showed how it crashed right along our bubble model into 2013.
The difference was, it never bounced. Even when its Millennial generation came along to buy houses again.
A rise of “dyers” (sellers) were offsetting the rise of Millennial buyers.
Now let’s look at the U.S. bubble – or our double bubble.
by John Rubino, Dollar Collapse:
The Wall Street Journal recently highlighted a better method of analysing the impact of public sector pensions on state and local budgets. The results are ominous for government finances, the bond markets, and pretty much everything else:
A new study shows that benefits are rising faster than GDP in most states.