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Monthly Archives: July 2019

IRS goes after cryptocurrency investors

Cryptocurrency advocates have long maintained that the primary benefit of “cryptos” is that they are not centrally controlled, actually residing on cell phones.  Transfers from one holder to another do not go through a “central bank,” such as the Fed, but from one phone to another.  This was supposed to be beyond the reach of

World economy slowing

By many measures, the world’s economy is slowing, and some CBs — namely New Zealand, India, Malaysia, and the Philippines — have already lowered rates.  Australia lowered June 4, the largest developed country to cut rates this year.  In May, China lowered reserve requirements for small- and medium-sized banks, which pushed interest rates there to

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