Bond King : Recession Set to Bring Painful Outcomes
• Billionaire Jeffrey Gundlach, AKA the „Bond King,“ has cautioned of “painful outcomes” in the next recession. • The Federal Reserve is attempting to curb inflation, but Gundlach believes this could lead to a “very high severity problem”. • He advises that investors should prepare for a potential downturn by having protection strategies in place.…
Fed’s 2% Inflation Target Could Crush US Economy, Economist Warns
• Economist Mohamed El-Erian has warned that the Federal Reserve cannot achieve its 2% inflation target without crushing the U.S. economy. • He suggested a higher stable inflation rate of 3-4%. • The Allianz economic advisor criticized the Fed for being too data dependent and warned that it could lose credibility if it changes its…
Bit2Me Debit Card: Get 9% Cashback on All Purchases
• Bit2Me has launched a debit card that works across the Mastercard network. • The card offers up to 9% cashback on all purchases, and can be linked to 8 top cryptocurrencies with more to follow. • It also includes features such as the ability to lock and unlock the card, configure usage limits, and…
Binance Ends Wallet Services to Wazirx: Time to Remove Funds
• Binance announced on Friday that Indian crypto exchange Wazirx can no longer use its wallet services. • This move follows a public dispute regarding the relationship between Binance and Wazirx. • Binance has given Wazirx until February 3rd to remove all funds from the accounts used for their operations. Binance Ends Wallet Services to…