In the us, Home buying conditions have collapsed to levels NEVER seen in 65 years
Source: Bravos Research
Words used most often in Trump's speech.
Source: Wall Street Mav
JUST IN: Senator Cynthia Lummis appointed as chair of the Senate Banking Subcommittee on Digital Assets.
She wants to "urgently pass" legislation for a Strategic Bitcoin Reserve Source: Bitcoin Magazine
BREAKING: President Trump has signed an Executive Order to develop a “national digital asset stockpile,” per Fox News.
President Trump has also signed an Executive Order to create a “crypto working group,” per Reuters. These are his first crypto-related Executive Orders. Source: The Kobeissi Letter
*TRUMP: I WILL DEMAND THAT INTEREST RATES DROP IMMEDIATELY
US President Donald Trump said Thursday he would seek to bring interest rates lower, speaking remotely to the World Economic Forum in Davos, Switzerland. "I'll demand that interest rates drop immediately," he said, in a signal that he might pressure US Federal Reserve officials on the matter. "Likewise, they should be dropping all over the world. Interest rates should follow us all over." Source: Barron's, www.investing.com
Summary of Executive Orders President Trump signed.
Source: Wall Street Mav @WallStreetMav
United States banks can now officially hodl Bitcoin.
The SEC's Accounting Bulletin No. 121 required banks to treat Bitcoin as a liability, making it costly and impractical. Today’s repeal means banks can buy and custody Bitcoin, like other assets. Source: Documenting Bitcoin
BREAKING: The Bank of Japan boj raises interest rates by 25 basis points to their highest level since 2008.
The Bank of Japan hiked rates by 25 basis points Friday to 0.5%, bringing its policy rate to its highest level since 2008, as it seeks to normalize its monetary policy. The move comes in line with expectations from CNBC’s survey from Jan 15-20, which saw an overwhelming majority of economists predict a hike. In its statement, the BOJ revealed that the decision was a 8-1 split, with board member Toyoaki Nakamura dissenting. Nakamura said the central bank should only make change in policy after confirming a rise in firms’ earning power from reports that would be out by the next monetary policy meeting. Following the decision, the Japanese yen strengthened 0.3% to trade at 155.61 against the dollar, while country’s benchmark Nikkei 225 stock index was slightly up. The yield on the 10-year Japanese government bonds rose 1.7 basis points to 1.222%. Announcement is pretty much in-line with market expectations - no big surprise. Source. The Kobeissi Letter, CNBC
