What I am looking at June 22, 2022
- A hard landing is back on the table with oil getting crushed. Copper going down. President Joe Biden asks Congress for a federal gas tax holiday. Federal Reserve Chairman Jerome Powell today will deliver the central bank's semiannual monetary policy report to the Senate Banking Committee.
- Is crypto billionaire Sam Bankman-Fried the new J.P. Morgan by bailing out the crypto system? BlockFi, a crypto lending platform, said Tuesday it had secured a $250 million revolving line of credit from Bankman-Fried's FTX Trading, reports Bloomberg. "A responsibility to step in."