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Who Takes the Hit from the FTX Fail?

(11/10/22) Markets sold off following 'meh' midterm results, and Binance pulled out of a FTX-bailout. Despite a disappointing 10-yr Treasury auction, the bond market saw a bit of a boost from the FTX-Binance fallout; who's looking for Q4 GDP = 4%? Will Sam Bankman-Fried go from Billionaire to Inmate over the FTX fiasco? FTX is why we have the SEC; Crypto will eventually be regulated by the government. Who takes the hit from the FTX fail, and whatever happened to investor due diligence? (Could blockchain solve election polling woes?) CPI expectations vs reality [NOTE: October CPI clocked-in at a cooler-than-expected 7.7%] The Fed will keep hiking rates until they break something. Pressure from news events will slacken as holidays approach; more are considering skipping the holidays because of inflation; as Tech layoffs continue, the economy is rapidly slowing. There's lots of manipulation in the CPI numbers, which are, in fact, lagging indicators. The saga of Peloton and co-founder John Foley's new "Ernesta" venture of customized designer rugs.

2:35 - Meh Midterms, Binance Backs-off
13:55 - The FTX-Binance Financial Fizzle
29:58 - Who Takes the Hit from the FTX Fail?
44:01 - The Flaw in the CPI & John Foley's "Ernesto" Rugs

Hosted by RIA Advisors Chief Investment Strategist Lance Roberts, CIO
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Lance Roberts
Finally, financial news that makes sense. Lance Roberts, the host of "StreetTalkLive", has a unique ability to bring the complex world of economics, investing and personal financial wealth building to you in simple, easy and informative ways but also makes it entertaining to listen to at the same time.
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