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Investors Seek Refuge in Cash as Recession Fears Mount, BOFA Survey Reveals


Investors, plagued by mounting pessimism, have sought refuge in cash, according to a recent survey conducted by Bank of America. The survey highlights a notable 5.6% increase in cash reserves during May, as apprehensive investors brace themselves for a potential credit crunch and a recession....

Today in Crypto: NY Proposes Bill to Allow Stablecoin Payments for Bail Bonds, Franklin Templeton Plans Second Blockchain Fund, Circle Won't Hold Treasurys Past June, Bittrex Allowed to Borrow $7M


Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________... Read More: Today in Crypto: NY Proposes Bill to Allow Stablecoin Payments for Bail Bonds, Franklin Templeton Plans Second Blockchain...

El Salvador’s bonds are appealing to investors


The fact that El Salvador’s bonds have grown to be so well-liked and to draw in investors from all around is solely due to the efforts of the country’s president, Nayib Bukele, and his government. El Salvador’s foreign notes performed best in all the emerging markets.  All this while...

Blackrock CEO Expects Inflation to Persist, but No Major US Recession in 2023


Blackrock’s CEO, Larry Fink, stated in an interview on Friday that he does not anticipate a “big recession” in the United States. However, he believes that “inflation is going to be stickier for longer.” In contrast to the U.S. central bank’s 2% goal, Fink predicts that...

Chatgpt Pretty Intelligent, Did Not Recommend Bitcoin, Peter Schiff Tweets


Economist Peter Schiff praised the artificial intelligence of the Chatgpt assistant for omitting bitcoin in a suggested “recession-proof” portfolio. The long-time gold proponent commented on a report claiming the chatbot has recommended “massive allocations” in precious metals. Schiff Cites Study...

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