By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Live Trading NewsLive Trading NewsLive Trading News
  • Stocks
  • Forex
  • Gold
  • KNIGHTS
  • Luxury
  • Horse Racing
  • Trade Now
Search
Reading: US Economic Update, Bitcoin is the Answer $BTC $QQQ $USD $SPY
Share
Live Trading NewsLive Trading News
  • Stocks
  • Forex
  • Gold
  • KNIGHTS
  • Luxury
  • Horse Racing
  • Trade Now
Search
  • Stocks
  • Forex
  • Gold
  • KNIGHTS
  • Luxury
  • Horse Racing
  • Trade Now
Follow US
© 2024 LiveTradingNews.com - All Rights Reserved.
Live Trading News > Blog > Politics > America > US Economic Update, Bitcoin is the Answer $BTC $QQQ $USD $SPY
America

US Economic Update, Bitcoin is the Answer $BTC $QQQ $USD $SPY

Shayne Heffernan Ph.D.
Last updated: September 29, 2023 11:37 am
Shayne Heffernan Ph.D.
Share
8 Min Read
F5 INooWoAAz1M4
SHARE

In August, U.S. consumer spending saw an uptick, but the underlying inflation trend showed signs of moderating. The year-on-year increase in prices, excluding food and energy, dipped below 4.0%.

Driven by surging gasoline prices, the inflation rate, as measured by the personal consumption expenditures (PCE) price index, climbed by 0.4% in August, following a 0.2% increase in July. Over the 12 months leading up to August, the PCE price index rose by 3.5%, slightly up from the 3.4% recorded in July. It’s important to note that this annual PCE inflation is influenced by a lower base of comparison from the previous year.

Market Reaction:

  • Stocks: U.S. stock futures expanded gains following the release of the August PCE data.
  • Bonds: The yield on the U.S. Treasury 10-year note continued to decline, reaching 4.5363% after the data was published.
  • Forex: The dollar index experienced increased losses in the wake of the data.

Comments:

US sanctions are like a self-inflicted wound. They inflict more pain on us than on our adversaries.

Higher prices for consumers and businesses in the US

Job losses in the US

Damage to the US’s reputation as a reliable trading partner

Reduced US economic competitiveness

Bitcoin is a decentralized digital currency that is not subject to the control of any government or financial institution. This makes it a potential mechanism to avoid the politics of money.

The politics of money refers to the way in which governments and financial institutions use money to achieve their own goals. This can include using money to reward supporters, punish opponents, and influence public policy.

Bitcoin can help to avoid the politics of money in a number of ways. First, it is not subject to the control of any government or financial institution. This means that governments cannot use Bitcoin to reward supporters, punish opponents, or influence public policy.

Second, Bitcoin is transparent and auditable. All Bitcoin transactions are recorded on the public blockchain, which means that anyone can see them. This makes it difficult for governments and financial institutions to engage in corruption or other forms of financial misconduct.

Third, Bitcoin is global. It can be used by anyone anywhere in the world. This can help to reduce the power of governments and financial institutions over individuals and businesses.

Of course, Bitcoin is still a relatively new technology, and it is not yet clear how widely it will be adopted. However, it has the potential to revolutionize the way we think about money and to help us to avoid the politics of money.

Here are some specific examples of how Bitcoin can be used to avoid the politics of money:

  • Sending and receiving money without censorship: Bitcoin can be used to send and receive money without censorship from governments or financial institutions. This can be useful for people who live in countries with repressive regimes or who are otherwise unable to access traditional financial services.
  • Making payments without government surveillance: Bitcoin transactions are not subject to government surveillance. This can be useful for people who value their privacy or who live in countries where the government is known to monitor financial transactions.
  • Protecting against inflation and currency devaluation: Bitcoin is a scarce asset with a fixed supply. This makes it a hedge against inflation and currency devaluation. This can be useful for people who live in countries with high inflation or unstable currencies.

Overall, Bitcoin is a promising new technology that has the potential to revolutionize the way we think about money and to help us to avoid the politics of money.

the very divided nature of US politics is likely to weigh on the economy for decades. Political polarization can lead to a number of negative economic consequences, including:

  • Gridlock and inaction on important economic issues: When the two major political parties are unable to agree on anything, it can be difficult to pass meaningful legislation that could help the economy. This can lead to missed opportunities for growth and job creation.
  • Uncertainty and instability: Political instability can create a climate of uncertainty that can deter investment and economic growth. Investors are more likely to invest in countries where they believe the government is stable and predictable.
  • Increased spending on national security: Political polarization can lead to increased spending on national security, as the two parties compete to show that they are tougher on foreign policy. This can divert resources away from other important investments, such as education and infrastructure.
  • Damage to the US’s reputation as a global leader: Political polarization can damage the US’s reputation as a global leader. This can make it more difficult for US companies to do business overseas and can attract less foreign investment to the US.

In addition to these economic consequences, political polarization can also lead to a decline in social cohesion and trust. This can make it more difficult for Americans to work together to solve common problems, which can further harm the economy.

There is no easy solution to the problem of political polarization. However, it is important to be aware of the potential negative economic consequences of polarization so that we can take steps to mitigate them.

Here are some things that can be done to address political polarization:

  • Promote education and critical thinking skills: Education can help people to understand different perspectives and to think critically about the information they consume. This can help to reduce prejudice and stereotypes, which are often at the root of political polarization.
  • Support independent media: Independent media can provide a more balanced and objective view of the news than partisan media outlets. This can help people to make more informed decisions about politics.
  • Encourage people to engage in civil discourse: Civil discourse is essential for a healthy democracy. It is important to be able to have respectful conversations with people who have different political views.
  • Support reform of the political system: There are a number of reforms that could be made to the US political system to make it more representative and responsive to the needs of the people. These reforms could help to reduce political polarization and improve the economy.

Shayne Heffernan

You Might Also Like

The 20 Great Quotes of John McAfee

New Cold War Looms as Tariffs Shift from Trade to Politics

America Party: Terminal Debt Crisis and Elon Musk Buy $BTC

Bitcoin Might Be Bumpy BUY THE DIP

KXCO and the New World of Money

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.

Subscribe our newsletter for latest news around the world. Let's stay updated!

By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Twitter Copy Link Print
Share
By Shayne Heffernan Ph.D.
Follow:
Shayne Heffernan Ph.D. Economist at Knightsbridge holds a Ph.D. in Economics and brings with him over 40 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reach a peak market cap of $15b. He has managed and overseen start ups in Crypto, Mining, Shipping, Technology and Financial Services.
Previous Article enu 5 oz Gold Bar 9999 1011 20000 2 1 Gold is a Great Buy at these Prices
Next Article 190316152403 01 france protest yellow vest 0316 EU Adds Carbon Tax as Economy Struggles
Buy Bitcoin

Buy Bitcoin

Latest News

bitcoin kxco
KXCO’s Position in Tokenized Cash and Cross-Border Payments
AI Bitcoin Blockchain Blockchain for Government Business cefi Crypto DeFI Digital Assets Fintech Gold Headline News Knightsbridge KXCO KXCO Opinion Shayne Heffernan Stablecoins USD Web3 July 3, 2025
Hong Kong
Hong Kong is Back
Business China Crypto Featured Headline News Hong Kong Knightsbridge Insights KXCO Opinion Politics Shayne Heffernan Shayne Heffernan Shayne Heffernan on Investments July 3, 2025
photo 2023 12 10 22 43 50
China AI a Hot Sector $BABA $BIDU
AI Artificial Intelligence Asia China Featured Headline News Knightsbridge Insights KXCO Opinion Shayne Heffernan Shayne Heffernan on Investments July 2, 2025
elon musk 1
Elon Musk and Napoleon: Ambition, Power, and the Shadow of Exile
America Headline News Opinion Politics Shayne Heffernan July 1, 2025

Stay Connected

235.3kFollowersLike
69.1kFollowersFollow
11.6kFollowersPin
56.4kFollowersFollow
4.4kFollowersFollow
//

Stay informed with LiveTradingNews.com – your ultimate destination for timely and insightful updates on global markets, finance, and investment trends. Explore the latest news and analysis to empower your trading decisions.

Quick Link

  • About us
  • Advertise
  • Send us a tip!
  • Privacy Policy
  • Contact us

Top Categories

  • Knightsbridge Insights
  • Featured
  • Stocks
  • Shayne Heffernan
  • Lifestyle

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

Subscribe our newsletter for latest news around the world. Let's stay updated!

Live Trading NewsLive Trading News
Follow US
© 2025 LiveTradingNews - For The Traders, By The Traders – All Right Reserved By Knightsbridge Group
Welcome Back!

Sign in to your account

Register Lost your password?