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Authored by William Suberg via CoinTelegraph.com, A group of financiers will create a “complimentary global currency” subject to random identity checks and pegged to fiat, Financial Times reports March 22. image courtesy of CoinTelegraph Discussing plans for Saga, which will feature a Swiss foundation and advice from various banking figures, chairman of JPMorgan Chase International and ex-governor of the Bank of Israel Jacob Frenkel said there was appetite for a notionally non-volatile cryptocurrency. The foundation has already accrued $30mln in... -Zero Hedge
And it's gone... The biggest post-Powell winner was gold... Stocks drifted higher ahead of The Fed, but Powell's initial hawkish tone sent stocks lower - into the red for the day initially - but the machines quickly bid the dip... However, that did not hold... Bloomberg's Andrew Cinko points out a potentially bearish signal for the S&P 500: this week it has broken out of the "quintessential no man's land" triangle pattern. Today's Fed decision gave more clarity on this pattern. This breakout could be a false alarm or could be the start of... -Zero Hedge
A lot of sound and fury today for no return... because Powell will save us all tomorrow Despite modest gains in stocks, Trannies were the only index to get back into the green from Friday's close; NASDAQ remains the week's biggest loser... The S&P 500 has now seen 16 days of plus or minus 1% moves in either direction since the start of February, which compares to only 10 occasions through the 13 months ending in January. Facebook did rebound from its worst levels of the day but was still ugly... FANGMAN stocks bounced with Amazon and... -Zero Hedge
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