Latest Insights on SO
Banking’s $33.5 Trillion Is in Crypto’s Crosshairs
September 24, 2024 Banyan Edge, Cryptocurrency, Investing
“First they ignore you, then they laugh at you, then they fight you, then you win.” This is one of my favorite quotes. I’m not sure who said it, although it’s been incorrectly attributed to Mahatma Gandhi. To me, it describes the disruptive force of technology — incumbents ignore the upstarts, laugh at them, try to fend them off and then eventually lose to more efficient ways of doing things. This is exactly what’s happening in the world of traditional finance, as blockchains take aim at the $33.5 trillion financial sector. From “Handshake Deal” to Stock Shake-Up at 7-11
September 23, 2024 Banyan Edge, Investing, Investment Opportunities
There's an old urban legend that the United States was split in half by a simple handshake deal between two convenience store kingpins ... and now, a new generation of leadership could lead to a shake-up at convenience store giant 7-11... The Fed’s Next Move is Designed to Surprise You
September 19, 2024 Banyan Edge, News, U.S. Economy
The U.S. Federal Reserve holds tremendous power over the U.S. economy. By setting benchmark rates, it dictates the terms for interbank lending — and in turn, the borrowing costs for virtually every business and household in America. But aside from raising or lowering those rates, the Fed has very few meaningful ways to interact with the larger economy (excluding emergency measures, of course). So controlling the flow of information, controlling the perception and expectation of rate cuts, becomes one of the Fed’s most powerful tools. Fed’s First Rate Cut in Four Years Could Propel THIS Sector to New Heights
September 18, 2024 Banyan Edge, Economy, Investing
The Federal Reserve is set to cut interest rates for the first time in four years. And there’s one sector that is about to soar even higher. Even when interest rates were rising, this sector crushed expectations. But now, a new "Echo Boom" is set to drive these stocks even higher... Don’t Buy Trump Coin
September 17, 2024 Artificial Intelligence, Banyan Edge, Investing
At the annual Bitcoin Conference in July, Trump was lauded for promising to ensure America becomes “the crypto capital of the planet and bitcoin superpower of the world.” He also promised to “appoint an SEC chair who will build the future, not block the future.” That’s a direct shot at current SEC Chair Gary Gensler, who has fought crypto entrepreneurs for the entire Biden administration. Last night, Trump went a step further...