Author: H.A. Goodman

TECH
Investors withdraw over $7 billion from tether, raising fresh fears about stablecoin’s backing

Tether’s circulating supply has slipped from about $83 billion a week ago to less than $76 billion on Tuesday, according to data from CoinGecko.
The so-called stablecoin slipped below its intended $1 peg Thursday amid panic over the collapse of rival token terraUSD.
The situation has once again placed the subject of the reserves behind tether under the spotlight.

Investors have withdrawn more than $7 billion from tether since it briefly dropped from its dollar peg, raising fresh questions about the reserves underpinning the world’s largest … Read more

Wall Street titan Jeremy Grantham has been warning of a “superbubble” in the U.S. since last year, arguing the S&P 500 is set to be cut in half as an era marked by exceedingly risky investor behavior begins to fade.

Now, the cofounder and chief investment strategist of the Boston-based asset management firm Grantham, Mayo, and van Otterloo (GMO) is warning the U.S. may be headed toward a housing crisis as mortgage rates soar, and the effects on the economy could be devastating.

So far, his prediction about the S&P 500 has proved to be prescient, if a little dramatic, … Read more

Wall Street titan Jeremy Grantham has been warning of a “superbubble” in the U.S. since last year, arguing the S&P 500 is set to be cut in half as an era marked by exceedingly risky investor behavior begins to fade.

Now, the cofounder and chief investment strategist of the Boston-based asset management firm Grantham, Mayo, and van Otterloo (GMO) is warning the U.S. may be headed toward a housing crisis as mortgage rates soar, and the effects on the economy could be devastating.

So far, his prediction about the S&P 500 has proved to be prescient, if a little dramatic, … Read more

Wall Street titan Jeremy Grantham has been warning of a “superbubble” in the U.S. since last year, arguing the S&P 500 is set to be cut in half as an era marked by exceedingly risky investor behavior begins to fade.

Now, the cofounder and chief investment strategist of the Boston-based asset management firm Grantham, Mayo, and van Otterloo (GMO) is warning the U.S. may be headed toward a housing crisis as mortgage rates soar, and the effects on the economy could be devastating.

So far, his prediction about the S&P 500 has proved to be prescient, if a little dramatic, … Read more

Coinbase: Customers Could Lose Crypto if It Ever Went Bankrupt
As if crypto investors don’t already have enough to worry about, Coinbase COIN +16.02% Global in its 10-Q said customers could lose their crypto in bankruptcy proceedings were the firm ever to go under.

In essence, customers might only get their crypto back after the platform had paid off other, more senior, creditors, according to the disclosure. If the firm were in a big enough hole, a customer could lose everything.

Coinbase CEO Brian Armstrong Tuesday evening took to Twitter to attempt to clarify the disclosure. “We have no risk … Read more

Go to Source
Author: H. A. Goodman… Read more

Wall Street titan Jeremy Grantham has been warning of a “superbubble” in the U.S. since last year, arguing the S&P 500 is set to be cut in half as an era marked by exceedingly risky investor behavior begins to fade.

Now, the cofounder and chief investment strategist of the Boston-based asset management firm Grantham, Mayo, and van Otterloo (GMO) is warning the U.S. may be headed toward a housing crisis as mortgage rates soar, and the effects on the economy could be devastating.

So far, his prediction about the S&P 500 has proved to be prescient, if a little dramatic, … Read more

Go to Source
Author: H. A. Goodman… Read more

If convicted on the single count of making a false statement to the government, he would face a maximum of five years in prison.
https://nypost.com/2022/05/11/michael-sussmann-tries-to-block-trump-russia-debunk-at-his-trial/

Wall Street titan Jeremy Grantham has been warning of a “superbubble” in the U.S. since last year, arguing the S&P 500 is set to be cut in half as an era marked by exceedingly risky investor behavior begins to fade.

Now, the cofounder and chief investment strategist of the Boston-based asset management firm Grantham, Mayo, and van Otterloo (GMO) is warning the U.S. may be headed toward a housing crisis as mortgage rates soar, and … Read more

Wall Street titan Jeremy Grantham has been warning of a “superbubble” in the U.S. since last year, arguing the S&P 500 is set to be cut in half as an era marked by exceedingly risky investor behavior begins to fade.

Now, the cofounder and chief investment strategist of the Boston-based asset management firm Grantham, Mayo, and van Otterloo (GMO) is warning the U.S. may be headed toward a housing crisis as mortgage rates soar, and the effects on the economy could be devastating.

So far, his prediction about the S&P 500 has proved to be prescient, if a little dramatic, … Read more