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The Economists Who Got It Right
cbnc10d ago

The Economists Who Got It Right

Politicians say they can “make the economy work better.” I once believed they could. But years of reporting taught me that politicians’ attempts to “fix” the economy usually make things worse. Twenty years ago, Republicans and Democrats helped create the Great Recession by telling government-backed Fannie Mae and Freddie Mac to buy more peoples’ mortgages [...] The post The Economists Who Got It Right appeared first on CBNC .

#ECONOMY
Ethereum Rebounds 6%, But Coinbase Demand Remains Weak
newsbtc10d ago

Ethereum Rebounds 6%, But Coinbase Demand Remains Weak

Data shows the Ethereum Coinbase Premium Index has stayed inside the negative territory even as the price has climbed back above $2,100. Ethereum Coinbase Premium Index Is Red Right Now As pointed out by Arab Chain in a CryptoQuant Quicktake post, the Coinbase Premium Index has been in the red zone for Ethereum recently. This indicator keeps track of the percentage difference between the ETH price listed on Coinbase (USD pair) and that on Binance (USDT pair). Related Reading: Bitcoin HODLers Quietly Add 332,000 BTC Amid Market Chaos Below is a chart that shows the trend in the Ethereum Coinbase Premium Index over the past month. As is visible in the graph, the Ethereum Coinbase Premium Index has dropped into the negative region in the last few days, indicating BTC has been trading at a lower rate on Coinbase as compared to Binance. In other words, users of the former have been applying a higher selling pressure than that of the latter. Initially, the decline in the indicator came as the asset observed a retrace from last week’s highs. The timing would suggest that Coinbase traders led the price drawdown. But interestingly, while the Coinbase Premium Index has remained at a value of -0.0149 during the past day, ETH’s price has actually seen a rebound back above the $2,100 level. The trend could be a sign that Binance investors have helped provide the fuel for the surge. If the Coinbase Premium Index stays red in the coming days, however, it’s possible that the move could run out of momentum. This is because, in recent times, American institutional entities, which use Coinbase as their preferred platform, have tended to be the drivers in the cryptocurrency sector. Whenever demand from these investors is lacking, Ethereum and other major tokens like Bitcoin tend to suffer. So far, the rebound hasn’t been able to ignite interest among the US-based whales, so it only remains to be seen whether things will change as the rally unfolds. The Coinbase Premium Index only tells a short-term story of the market. From a more long-term view, Ethereum’s rebound from $1,800 over the past month occurred after a retest of a significant level in the Market Value to Realized Value (MVRV) Ratio, as analyst Ali Martinez has highlighted in an X post. Related Reading: Dogecoin Could 200% Rally If This Floor Holds, Analyst Says The MVRV Ratio basically tells us about the profit-loss situation of the ETH investors as a whole. As shown in the below chart, the Ethereum MVRV Ratio plunged below 1.0 during this year’s drawdown, implying that the overall network entered into a state of loss. The metric ended up going down to the 0.8 level, which has often acted as a low point for the cryptocurrency in the past. “Historically, this is a ‘Generational Buy’ zone,” noted the analyst. Since this retest, ETH has observed its rebound. ETH Price At the time of writing, Ethereum is trading around $2,160, down 7% over the past week. Featured image from Dall-E, chart from TradingView.com

#CRYPTO
island10d ago

Mahindra ldeal Finance’s Rs 1 Bn debut debenture issue oversubscribed on day 1

Mahindra Ideal Finance Limited (MIFL) has announced the successful conclusion of its debut Rs 1 Billion debenture issue, which was oversubscribed on the first day of opening, marking a significant capital market milestone for one of Sri Lanka’s fastest-growing licensed Non-Banking Financial Institutions. The Issue comprised up to Ten Million (10,000,000) Tier 2, Listed, Rated, [...]

#COMMODITIES
₹18,000-crore IPO pipeline at risk as approvals near expiry
livemint10d ago

₹18,000-crore IPO pipeline at risk as approvals near expiry

The impending expiry of clearances, given by Sebi between April and June 2025, underscores how volatile market conditions are prompting firms to defer listings, raising the prospect of higher costs, delayed timelines and a near-term squeeze on fresh market liquidity.

#STOCKS
google10d ago

Oil at $150 would trigger global recession, says boss of financial giant BlackRock - BBC

Oil at $150 would trigger global recession, says boss of financial giant BlackRock BBC Top economist Mark Zandi pinpoints exactly how much oil can rise before it tips the US economy into recession Business Insider Economists Don’t See a Recession Unless Oil Hits $138—and Stays There for Weeks WSJ Oil price surge from Iran war will hurt US growth and fuel inflation, say economists Financial Times This Is Not a Textbook Oil Shock Rigzone

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google10d ago

BlackRock boss Larry Fink warns of global recession if oil price hits $150 - BBC

BlackRock boss Larry Fink warns of global recession if oil price hits $150 BBC Posthaste: Recession risks climb as fears grow that U.S. economy will become 'casualty' of Iran war Yahoo! Finance Canada Top economist Mark Zandi pinpoints exactly how much oil can rise before it tips the US economy into recession Business Insider What Happens If Oil Hits $150? BlackRock CEO Warns Big Economic Fallout NDTV Here’s the exact oil price that would tip the U.S. into a recession — and we’re getting closer as the Iran conflict drags on MarketWatch

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