Broadcast every Friday on the Cointelegraph Markets & Research YouTube channel, the Macro Markets show, hosted by crypto analyst Marcel Pechman, explains complex concepts in simple terms and focuses on the cause and effect of traditional financial events in the market. day by day of cryptocurrencies. activity.
The International Monetary Fund (IMF) and the US Federal Reserve forecast an imminent economic downturn, which is the subject of today’s episode from cryptanalyst Pechman. The video explains how the record unemployment rate in the US could be masking a bigger problem caused by inflation.
Pechman explains that the fact that the S&P 500 is only 13% below its all-time high is because investors are moving away from fixed income and why inflation is no longer a primary concern. Finally, there is the link between the banking crisis, a weaker US dollar, and Bitcoin’s recent rally above $30,000.
The next segment of Macro Markets focuses on the bank’s leverage ratio. There is growing concern that financial institutions lack the capital to cover their risks, but that is not what the latest data shows. The culprit, in Pechman’s view, is unrealized losses. Basically, banks have debt instruments that pay well below their cost of capital.
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