THE FED MINUTES SUGGESTED SLOWING THE PACE OF RATE HIKES US JOB OPENINGS DECLINED 353,000 TO 10.3MCHINA PROTESTS ARE ROCKING TECH MANUFACTURINGTHERE’S A POTENTIAL FOR AN OPEC OIL PRODUCTION CUT DEC 4THQATAR STRUCK A 15-YEAR LNG DEAL WITH GERMANYBTC MINERS ARE FORCED TO CAPITULATE

THE FED IS STRONGLY CONSIDERING A MOVE DOWN TO A 50BP HIKENEW HOME SALES IN THE US SURPRISED TO THE UPSIDEJAPAN INFLATION HITS 3.7% FOR HEADLINE AND 3.6% FOR COREJAPAN OFFICIALS ALSO INDICATED THEY COULD ABANDON THEIR LOOSE MONETARY POLICY & YCCTHE ECB IS SET TO RAISE RATES BY 50BP IN DECEMBERSAUDI ARABIA DENIES RUMORS OF AN OPEC+ PRODUCTION CUTFTX CONTAGION TAKES ANOTHER VICTIM, GENESIS, BUT ITS PARENT COMANY (DCG) SAYS IT WON’T AFFECT THE GRAYSCALE TRUST

US INFLATION CAME IN AT 7.7% FOR HEADLINE AND 6.3% FOR COREFED OFFICIALS STILL SEE TIGHTER POLICY AHEADPPI CAME IN AT 0.2% MOM, 8% YOY, AND 6.7% YOY FOR COREJAPAN’S INFLATION IS EXPECTED TO HIT A 40-YEAR HIGHEU OIL SANCTIONS ARE DRIVING RUSSIAN OIL TO ASIACRYPTO CONTAGION CONTINUES AS BLOCKFI SAYS IT HAS SIGNIFICANT EXPOSURE TO FTX

THE FEDERAL RESERVE RAISED INTEREST RATES BY 75BPUS ADDED MORE JOBS BUT UNEMPLOYMENT EDGED TO 3.7%META SAYS IT’S CUTTING 11,000 JOBSUK SET TO ANNOUNCE A HUGE NATURAL GAS DEAL WITH THE USREGULATORS ARE SETTING TOUGHER CLIMATE IMPACT RULES AFTER THE ANNUAL CLIMATE CHANGE CONFERENCECRYPTO AND THE FTX TOKEN PLUMMETED AS THE MARKET BATTLES FTX/ALAMEDA CONTAGION

US Q3 GDP BEAT EXPECTATIONS AT 2.6%LATEST ISM MANUFACTURING NUMBERS SIGNAL SLOWEST GROWTH SINCE 2020US JOB OPENINGS UNEXPECTEDLY ROSE BY OVER 400KTHE ECB RAISED ITS INTEREST RATES BY 75BPJAPAN SPENT A RECORD AMOUNT ON ITS YENTERVENTIONTHERE ARE RUMORS OF CHINA REOPENING/EASING ITS COVID RESTRICTIONSBIDEN THREATENED OIL COMPANIES TO LOWER GAS PRICESTETHER FIRES BACK AT BLOOMBERG “MISINFORMATION”

US 30-YEAR FIXED MORTGAGE RATES BROKE 7% AHEAD OF THE NEXT FED MEETINGNEW HOME SALES IN THE US TOOK A DIVE BUT BEAT EXPECTATIONSGOOGLE FELL 8% AFTER SOME  DISAPPOINTING EARNINGSTHE BOJ’S SUSPECTED FX INTERVENTION FAILS TO FULLY REIGN IN THE YENNEWLY ELECTED UK PM, RISHI SUNAK, PLEDGES TO LEAD BRITAIN OUT OF ECONOMIC CRISISSAUDI ARAMCO SAYS THE GLOBAL ENERGY TRANSITION IS FLAWEDBITCOIN MINERS ARE UNDER SERIOUS PRESSURE FROM THE DIFFICULTY ADJUSTMENT

YCC is when a central bank commits itself to an unlimited amount of bond buying to pin its interest rates at a specific level. There can be a wide range of reasons this is done, but the main reasons are almost certainly QE wasn’t enough, that country is heavily indebted, and that country can’t afford to pay higher interest rates on that debt.

US INFLATION CAME IN HOT AT 8.2% FOR HEADLINE AND 6.6% FOR COREUS HOUSING PERMITS CAUGHT A LITTLE BOOST BUT HOUSING STARTS SLOWED DOWN SIGNIFICANTLYUK INFLATION HIT 10.1% AND THE BOE REIGNS IN GOVERNMENT SPENDINGTHE BOJ WARNED IT WILL INTERVENE IN FX MARKET AGAIN IF NECESSARYCHINA CALMS ITS MARKETS LEADING INTO PRESIDENT XI’S REELECTIONUS CONSIDERS SELLING MORE OIL FROM SPR TO COMBAT GAS PRICESMASTERCARD IS HELPING BANKS OFFER CRYPTOCURRENCY TRADING

Cathie Wood is calling for a Fed pivot.The US issued some aggressive chip rules.Russia rained down missiles after the Crimea bridge attackThe BoE says it’s ending it’s bond-buying stimulusBiden is re-evaluating the US relationship with the Saudis after the recent OPEC decisionSome European nations are fighting nuclear and Natgas labeling as “green.”Binance had a $100M stolen in a hack.

The Fed raised interest rates by 75 basis points 🔺 President Legarde raises the prospect of a restrictive terminal rate 😱 Putin mobilizes more troops for the war in Ukraine and keeps the nuclear option on the table ☢️ Japan posted a record trade deficit and its inflation hit a near 8-year high ⛈ BlackRock praised the EU’s labeling of natural gas as green ♻️ The UK announced a price cap on energy for businesses 🛑 The White House released a comprehensive framework for digital assets 🏛

US INFLATION NUMBERS came in higher than expected at 8.3% for headline and 6.3% for core. The ECB RAISED RATES by 75bp and President Lagarde painted a very not so happy picture. European energy companies secured BAILOUT $$$ from the government. Canada announced an inflation RELIEF PACKAGE. The IMF discusses issuing EMERGENCY FOOD AID. Charles Schwab, Citadel, and Fidelity LAUNCH A CRYPTO EXCHANGE.

Vice Chair Lael Brainard gives a speech on the Fed’s ECONOMIC OUTLOOK and monetary policy. China shut down dozens of cities and MILLIONS of citizens due to its Covid-zero policy. The ECB prepares for its next interest RATE HIKE. The Japanese Yen TUMBLES to a fresh 24-year low. Russia says it will RETALIATE against the G7 oil price cap. The Ethereum MERGE to Proof of Stake is coming in the next week or two.

Quantitative Easing & Tightening; The Division of Labor; Currency Pegs; and Stock Buybacks

Markets TUMBLED after Chair Powell said he’s definitely taking away the punch bowl; President Biden issued a MASSIVE student loan forgiveness plan; European INFLATION numbers for August came in SKY HIGH at 9.1%; Oil took a HUGE dive on news around the Iraqi supply; Ukraine's food exports nearly DOUBLE with the Black Sea now open; Meta adds NFT functions to its platforms.

Chair Powell delivers his outlook on the ECONOMY at the Jackson Hole, Wyoming Economic Symposium; US manufacturing data signals clear signs of SLOWING growth; Europe is in complete DISARRAY amid the ongoing energy crisis; OPEC is considering TIGHTENING the oil supply; And Coinbase discusses the THREAT of regulators to Ethereum after its merge.

Triffin's Paradox; Market Reflexivity; Risk-Adjusted Returns; and The "Holy Grail" of Investing.

FOMC minutes report offers its ASSESSMENT of the economy; Homebuyers back out of deals as RECESSION fears linger; China CUTS its interest rates; UK gets hit with double-digit INFLATION; Dirty COAL makes a comeback; and BitGo SUES Galaxy digital for $100M!

Unemployment vs Inflation; Liquidity & Volatility; GDP & Demographics; Hedging with Spread Trades.

The debate between Proof-of-Work and Proof-of-Stake is one of the most heated in the crypto space. It's possible most people have already chosen their camps, but there are advantages and disadvantages to both that everyone should be aware of regardless of which consensus mechanism they prefer. So, in this episode, I'll dive into all the most important differences between each way of achieving consensus, and also specifically highlight the biggest pros and cons so you can decide for yourself.

US CPI SURPRISED to the downside at 8.5%; The Senate passes the Inflation Reduction Act; Elon Musk SELLS 7.92 MILLION Tesla shares; Japan’s SoftBank unloads BILLIONS from its portfolio at a LOSS; Ukraine SUSPENDED oil flows from Russia to Europe; Britain plans for organized BLACKOUTS in January; Coinbase PARTNERS with BlackRock; And another crypto lending platform FREEZES customer withdrawals.