Just when all seemed well

By: Miguel A. Rodriguez

13:12, 03 December 2021

Goldman Sachs, other Wall Street banks exploring bitcoin-backed loans
  • The #Omicron variant of COVID-19 could slow global economic growth by exacerbating supply chain problems and depressing demand, U.S. Treasury Secretary Janet Yellen believes
  • Goldman Sachs is among a handful of tier-one U.S. banks reportedly figuring out how to use bitcoin as collateral for cash loans to institutions.
  • #Sterling firmed as the discovery of the first case of the Omicron variant in the United States weighed on the dollar overnight amid uncertainty about whether the Bank of England will hike interest rates this month
  • #USDJPY saw a minor rise of 0.2%
  • #XAUUSD dropped 0.9%
  • #BTCUSD traded 0.6% lower

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This information/research prepared by Miguel A. Rodriguez does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. The research analyst primarily responsible for the content of this research report, in part or in whole, certifies that the views about the companies and their securities expressed in this report accurately reflect his/her personal views and consequently any person acting on it does so entirely at their own risk.The research provided does not constitute the views of KW Investments Ltd nor is it an invitation to invest with KW Investments Ltd. The research analyst also certifies that no part of his/her compensation was, is, or will be, directly, or indirectly, related to specific recommendations or views expressed in this report.The research analyst in not employed by KW Investments Ltd. You are encouraged to seek advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit that conforms to your specific investment objectives, financial situation, or particular financial needs before making a commitment to invest. The laws of the Republic of Seychelles shall govern any claim relating to or arising from the contents of the information/ research provided.