Xi Touts Communist Party's Global Reach, Hails PLA's Rising Strength In 105th Anniversary Address

Are Flattening Curves And Style Rotations Deceptive Omens? Authored by Michael Lebowitz via RealInvestmentAdvice.com, Bond market pundits often warn that bear yield curve flatteners or inverted yield curves ultimately lead to recessions. Similarly, some equity experts caution that periods of violent back-and-forth rotations among stock sectors and/or style factors are precursors to a market top.  Additionally, the combination of a bearish flattening trend and volatile equity rotations leads some analysts to forecast a recession, with concerning market repercussions.   The argument we present in this article is that predicting economic or financial...

Swalwell Ordered By FEC To Return Campaign Contributions Authored by Jill McLaughlin via The Epoch Times, Former California congressman Eric Swalwell was ordered by the Federal Election Commission (FEC) June 15 to return all donations received during his bid for governor before dropping out of the race. Rep. Eric Swalwell (D-Calif.) during a news conference on the introduction of the Protection from Abusive Passengers Act at the U.S. Capitol Building, in Washington on April 6, 2022. Anna Moneymaker/Getty Images The agency charged with enforcing federal campaign finance laws threatened Swalwell with an audit...

Fed Moves To Close Stablecoin Loopholes With New Customer ID Rules Authored by Micah Zimmermann via BitcoinMagazine.com, The Federal Reserve proposed Thursday that payment stablecoin issuers maintain written customer identification programs, a move that signals Washington’s determination to bring digital asset markets under the same anti-money laundering discipline long applied to traditional banks — even as regulators race to finalize rules before a statutory deadline this coming January. The proposal would require so-called permitted payment stablecoin issuers, or PPSIs, to collect from each new customer a legal name, date of birth or formation, physical...