Band of Traders - Together We Trade 07-16-22: Go Big! Says Bullard, Crypto Not Insured
After taking last week off, the guys are back and looking at stories about bank protests in China, Canada's surprising 100bp rate hike and what sounds like dissent among Fed staffers. In Stock News, Google is working to put ads on the home screen of their phones and AAL screws over a family after changing their flight. Over in the Crypto Corner, Voyager files for bankruptcy protection after claiming to be FDIC insured. Results from the first bet picks of July are in, and everyone made money this time!
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Links:
Fed's Inflation Expectations Index Rises
Fed Staff Thinks Balance Sheet Runoff Could Strain Treasury Market
Bank of Canada Surprises with Massive 100bp Hike
China's Henan Bank Depositors Protest
China Homebuyers Refuse to Repay Loans on Properties (Not Yet Constructed)
Fed Report Finds 75% of PPP Loans Didn't Reach Employees
Ad Company Partnering with US Carriers to Take Over Lock Screens
AAL Changed Family's Flight to Different Country
Voyager Claimed FDIC Protection, Now Filing for Bankruptcy
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