Bloomberg AMDK exbird say Moorika Debt is not substainable, Tan Ah Tiu kym?

[k1976]

A Million Simulations, One Verdict for US Economy: Debt Danger Ahead​

Bloomberg Economics ran a million forecast simulations on the US debt outlook. 88% of them show borrowing on an unsustainable path.

The US Department of the Treasury in Washington.
Photographer: Valerie Plesch/Bloomberg
By Bhargavi Sakthivel, Maeva Cousin, and David Wilcox
April 2, 2024 at 5:00 AM GMT+8

The Congressional Budget Office warned in its latest projections that US federal government debt is on a path from 97% of GDP last year to 116% by 2034 — higher even than in World War II. The actual outlook is likely worse.

From tax revenue to defense spending and interest rates, the CBO forecasts released earlier this year are underpinned by rosy assumptions. Plug in the market’s current view on interest rates, and the debt-to-GDP ratio rises to 123% in 2034. Then assume — as most in Washington do — that ex-President Donald Trump’s tax cuts mainly stay in place, and the burden gets even higher.

 

[k1976]

Moorika still boleh?

 

[k1976]

America will be left with ‘severe, irreversible scars’ if national debt goes unchecked. Now, a blockbuster report warns the bill is higher than believed, hitting $141T by 2054​

BYELEANOR PRINGLE
April 1, 2024 at 7:35 PM GMT+8

Fed Chairman Jerome Powell is one of the individuals growing increasingly concerned about the levels of U.S. public debt.

MANDEL NGAN—AFP/GETTY IMAGES
National debt is fast becoming the thorn in the side of the American economy that nobody wants to extract—and it will continue to cause damage, sending the U.S. into financial crisis and 10 years of stagnation.

 

[k1976]

https://www.ft.com/content/18526885-7b0d-4e58-b8b6-66dabd03b00e

Murika 2trilliin debt climax coming before 2027

No fear, only USD 600b debt seem to have some little problems or no problem at all.

 

[k1976]

 

[k1976]

 

[k1976]

The U.S. national debt is rising by $1 trillion about every 100 days​

PUBLISHED FRI, MAR 1 2024 11:47 AM ESTUPDATED MON, MAR 4 2024 11:58 AM EST

Michelle Fox
@MFOXCNBC
WATCH LIVE

KEY POINTS

• The nation's debt now stands at nearly $34.4 trillion, as of Wednesday.
• Since June, the last two $1 trillion jumps occurred in about 100 days.

The U.S. Treasury building in Washington, D.C., on March 13, 2023.
Al Drago | Bloomberg | Getty Images
The debt load of the U.S. is growing at a quicker clip in recent months, increasing about $1 trillion nearly every 100 days.
The nation's debt permanently crossed over to $34 trillion on Jan. 4, after briefly crossing the mark on Dec. 29, according to data from the U.S. Department of the Treasury. It reached $33 trillion on Sept. 15, 2023, and $32 trillion on June 15, 2023, hitting this accelerated pace. Before that, the $1 trillion move higher from $31 trillion took about eight months.

 

[k1976]

U.S. debt, which is the amount of money the federal government borrows to cover operating expenses, now stands at nearly $34.4 trillion, as of Wednesday. Bank of America investment strategist Michael Hartnett believes the 100-day pattern will remain intact with the move from $34 trillion to $35 trillion.

"Little wonder 'debt debasement' trades closing in on all-time highs, i.e. gold $2077/oz, bitcoin $67734," he wrote in a note Thursday.

Spot gold is currently hovering around $2,084 an ounce, while bitcoin was recently around $61,443.

The cryptocurrency in February closed out its best month since 2020, briefly trading above $64,000 on Wednesday before pulling back. Inflows into crypto funds are on course for a "blowout year," with an annualized inflow of $44.7 billion so far this year, Hartnett noted.

 

[k1976]

https://www.forbes.com/sites/digita...-ethereum-and-xrp-price-boom/?sh=6830e95b3ed6



https://www.forbes.com//digital-assets/assets/lido-staked-ether-steth//

‘A Very Big Deal’—Crypto Suddenly Braced For A Huge China ETF Earthquake After Bitcoin, Ethereum And XRP Price Boom​

Billy Bambrough
Senior Contributor
I write about how bitcoin, crypto and blockchain can change the world.
Follow


Mar 30, 2024,08:20am EDT
BitcoinBTC 0.0% has exploded over the last year, sending the bitcoin price to over $70,000 as top Wall Street executives sound an "urgent" alarm over a U.S. dollar time bomb.

The bitcoin price has rocketed past its previous all-time high of $69,000 per bitcoin —pushing up the ethereum price, while XRP has added 50% since its May 2023 lows—with its rally being largely put down to the debut of a fleet of Wall Street spot bitcoin exchange-traded funds (ETFs) in January (triggering a huge $75 trillion bitcoin price prediction).

Now, as Elon Musk teases an X upgrade that some bitcoin and crypto traders think could transform the market, analysts have predicted a Hong Kong spot bitcoin ETF in China could mean another "huge" bitcoin price earthquake is just around the corner.

 

[k1976]

Looks like Hong Kong is going to allow in-kind creations and redemptions for spot bitcoin ETFs in [the second quarter of 2024]," Bloomberg Intelligence analyst Eric Balchunas posted to X, adding that unlike the Wall Street spot bitcoin ETFs that are cash creations only, "in-kind" could "help spark assets under management and volume in the fast-growing region."

"This refers to the redemption mechanism, with 'in kind' offering greater operational simplicity as well as more efficient tax and cost implications," Noelle Acheson, author of the Crypto is Macro Now newsletter, wrote in a note.

 

[k1976]

While this detail alone is not enough to ensure strong inflows, it does imply a more open and agile approach to the potential market, which in turn could attract a broader range of participants. It also suggests that approval is getting close—this would be a very big deal,"

Acheson wrote, adding, "Asian crypto exchange volumes are orders of magnitude greater than those from the U.S., according to data from The Block."

 

[k1976]

https://www.google.com/amp/s/www.fo...ril-could-be-bitcoins-biggest-ever-month/amp/

Huge New Crypto Halving Price Data Reveals Why April Could Be Bitcoin’s Biggest Ever Month​

Billy Bambrough
Senior Contributor
I write about how bitcoin, crypto and blockchain can change the world.
Apr 1, 2024,08:15am EDT

BitcoinBTC has surged higher over the last few months, with traders now eyeing what could be a massive China bitcoin price bombshell.

The bitcoin price has topped its previous all-time high of $69,000 per bitcoin, climbing to well over $70,000 as Goldman Sachs reveals a Wall Street revolution could be just around the corner.

Now, after Wall Street giants BlackRock and Fidelity sparked a flurry of mega-bullish bitcoin price predictions, the effect on bitcoin's price of its looming April supply cut, known as a halving, could have been foreshadowed by a smaller rival cryptocurrency.

 

[k1976]

The price of bitcoin cash, a payments-focused fork of bitcoin that split off from the main bitcoin chain in 2016, has rocketed over the last few weeks ahead of its own halving, due for Thursday, April 4.

Bitcoin's halving, its fourth such supply cut that will see the number of new bitcoin issued to so-called miners who maintain the network fall to 3.125 bitcoin from 6.25 currently, is scheduled for April 20.

If bitcoin follows a similar path to bitcoin cash, the bitcoin price could double to almost $150,000 per bitcoin by the time of its own halving, matching some recent bitcoin price predictions.

"This time I think probably two-times [$75,000] because there's less leverage, so that gets us to $150,000," Mark Yusko, chief executive of bitcoin and crypto hedge fund Morgan Creek Capital Management, told CNBC.

 

[k1976]

https://www.google.com/amp/s/www.fx...-correction-as-us-markets-return-202404010258

• Gold price kicks off Q2 and Easter Monday at a new all-time high above $2,250.
• US Dollar stays subdued amid upbeat mood, soft Core PCE inflation data.
• Gold price hits the Bull Flag target at $2,251, a correction in the offing?

Gold price is consolidating the latest uptick to a new all-time high of $2,260, kicking off Easter Monday and the second quarter of 2024 on a positive note. Extended Easter holiday-induced thin liquidity conditions aid the Gold price uptrend amid a broadly subdued US Dollar.

 

[k1976]

June Fed policy pivot bets underpin Gold price​

The US Dollar remains defensive, as markets set off the new quarter with optimism, especially after China’s Manufacturing and Services PMI data surpassed expectations in March. On Sunday, China’s official Manufacturing Purchasing Managers' Index (PMI) jumped to 50.8 in March, compared with the 49.1 contraction reported in February and above the estimates of a 49.9 figure.

The Non-Manufacturing PMI rose to 53.3 in the same period vs. February’s 51.4. Meanwhile, China's Caixin Manufacturing Purchasing Managers' Index (PMI) edged higher to 51.1 in March on Monday, beating estimates of 51.0.

 

[k1976]

Looking ahead, the US Nonfarm Payrolls data, due on Friday, will be critical to sealing in a June Fed rate cut, having a significant impact on the value of the US Dollar and on the Gold price direction. In the meantime, the return of full markets in the US after the long Easter weekend break could trigger a bout of profit-taking in Gold price, as markets resort to position readjustment, in anticipation of the US employment data, trickling in from Tuesday.

Later on Monday, the US ISM Manufacturing PMI data will be also closely scrutinized for fresh hints on the strength of the US economy, influencing the market’s pricing of the Fed rate cut expectations and, in turn, the non-interest-beating Gold price.

 

[k1976]

https://www.google.com/amp/s/www.fx...h-bullish-potential-seems-intact-202404020403

• Gold price trades with a positive bias for the sixth straight day and stands tall near the all-time peak.
• Reduced June Fed rate cut bets continue to underpin the USD and might act as a headwind for the metal.
• The cautious market mood, along with geopolitical risks, could lend support to the safe-haven XAU/USD.

 

[k1976]

https://www.google.com/amp/s/www.co...-korean-crypto-exchange-upbit-crashes-75/amp/

Trading Volume on South Korean Crypto Exchange Upbit Crashes 75%​

Upbit's 24-hour crypto trading volume stood at $3.79 billion at press time, down 75% from the high of $15 billion on March 5, CoinGecko data show.​

• Crypto trading volume has tumbled 75% from March's high as frenzied trading in altcoins eased off.
• The slowdown raises a question about the sustainability of lofty market valuations for coins other than bitcoin and ether, Matrixport said.

 

[k1976]

Crypto

Singapore Widens Crypto Rules to Cover Custody, More Transfers​

• City-state aims to develop tightly regulated digital-asset hub
• Latest steps seek to protect users and curb illicit activity

By Suvashree Ghosh
April 2, 2024 at 2:12 PM GMT+8

Singapore expanded the scope of its digital-asset rules to cover the custody of tokens as well as more firms involved in fund transfers, part of the city-state’s effort to develop an institutional hub for the industry.

The changes to the Payment Services Act take effect in stages from April 4 and seek “to impose user protection and financial stability-related requirements,” the Monetary Authority of Singapore said in a statement on Tuesday.

 

[k1976]

https://www.straitstimes.com/business/what-meltdown-crypto-comes-roaring-back-in-the-philippines

What meltdown? Crypto comes roaring back in the Philippines​

2nd April 24

QUEZON CITY, Philippines - On a recent night, about 20 people crowded onto the second floor of Mr Joniel Bon’s newly opened Internet cafe in Quezon City, 16km from Manila.

Seated at computers with 34-inch curved monitors, they began playing video games such as Heroes Of Mavia and Nifty Island, as music from Taylor Swift and Maroon 5 hummed from the speakers.

Playing these games can be a full-time job, and some of Mr Bon’s customers had settled in for the night with slices of pizza to fuel them.