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Inflation Is Here to Stay
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Inflation Is Here to Stay

Consumer Price Index (CPI) hits historic levels - who would have expected this?

Fabian Klauder
Jul 16, 2021
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Inflation Is Here to Stay
newsletter.defitimes.io

Hey DEFI TIMES community,

The news broke on Tuesday: The Consumer Price Index (CPI) has hit incredible highs in June. In fact, the CPI hit 5.4% last month, which is the highest we have seen in 13 years - a historic month!

Surprise, surprise! 

Who would have expected this?

In June, Jerome Powell claimed that the inflationary spike is only “transitory.” Of course, many people started criticizing him. In the end, inflation wasn’t transitory; it’s here to stay!

Even Larry Fink came out on Tuesday and expressed his concerns:

Twitter avatar for @SquawkCNBCSquawk Box @SquawkCNBC
"It is my view that inflation is going to be more systematical," says Larry Fink. "I believe it is a fundamental, foundational change in how we navigate economic policy...now we are saying jobs are more important than consumerism."
Image

July 14th 2021

32 Retweets83 Likes

Fink believes that inflation is here to stay and it's a fundamental part of our future monetary policy.

And I do agree with him here!

But why would Powell dismiss the threat of inflation? Well, Powell has to say that inflation is not a problem - even if he doesn’t believe so! If Powell said that inflation wouldn’t go down, inflation expectations would rise, which in turn would increase the actual inflation even more!

Inflation is here to stay in times when trillions of dollars are printed to “save the economy.”

You don’t have to be a genius to realize this simple fact!

Don’t be fooled!

That’s why we are in crypto right?


Subscribe to our newsletter to level up your crypto game!


Uniswap v3 on Optimism

Twitter avatar for @defitimesDEFI TIMES @defitimes
IT IS OFFICIAL😍 Uniswap announced the Alpha launch of Uniswap v3 on Optimism🦄 Find out more here⬇️
defitimes.io/news/uniswap-v…Uniswap V3 Launched On Optimism! - DEFI TIMESUniswap V3 launched on Optimism. This marks an important milestone in the history of DeFi. Users can now trade cheaply on Uniswap V3!defitimes.io

July 13th 2021

1 Retweet5 Likes

Uniswap v3 is finally live on Optimism, which is one of the best-known optimistic rollups. This marks a historic moment in the history of L2 solutions! 

Scale baby, scale!

Twitter avatar for @optimismPBCOptimism @optimismPBC
🌹 Roses are red 💎 Violets are blue ⏰ You've all been waiting 🦄 @Uniswap on L2
optimismpbc.medium.com/announcing-uni…Announcing Uniswap V3 on OptimismAlmost two years ago at DEVCON V in 2019, we collaborated with Uniswap to build Unipig Exchange, the first-ever demo of Optimistic Rollup. Though just a proof of concept, it was a hit and started our…optimismpbc.medium.com

July 13th 2021

514 Retweets1,976 Likes

UAE to launch CBDC

Twitter avatar for @defitimesDEFI TIMES @defitimes
BREAKING: The United Arab Emirates plans to launch their own CBDC! Read here! 👇
defitimes.io/cbdc/uae-to-la…UAE To Launch A CBDC Soon? - DEFI TIMESThe central bank of the UAE is about to launch a CBDC. This is also part of the UAE’s strategy to become one of the top ten central banks.defitimes.io

July 13th 2021

2 Likes

The UAE is experimenting with its own CBDC!

India banks bearish on crypto

Twitter avatar for @defitimesDEFI TIMES @defitimes
BREAKING: India's ICICI Bank takes action against cryptocurrencies! 👇
defitimes.io/news/indias-ic…India’s ICICI Bank warns users to steer stay from Bitcoin - DEFI TIMESIndia’s ICICI Bank has warned users to not use their remittance services for transferring cryptocurrencies.defitimes.io

July 13th 2021

1 Like

India’s banks are warning their customers to stay away from cryptocurrencies in general!

OK Group partners with China

Twitter avatar for @defitimesDEFI TIMES @defitimes
OK Group will help China to fight crypto money laundering! 👇
defitimes.io/news/ok-group-…OK Group Partners With Chinese Authorities - DEFI TIMESThe Ok group partners with Chinese authorities. China’s government is continuing bootstrapping its centralized controlled blockchain economy.defitimes.io

July 13th 2021

1 Like



OK Group has teamed up with Chinese authorities to fight money laundering in relation to cryptocurrencies

Set Protocol on Polygon

Twitter avatar for @SetProtocolSet ⚖️ @SetProtocol
1/ We are excited to announce that TokenSets has launched on Polygon! 🚀 TokenSets enables investors and portfolio managers the ability to interact with the future of asset management via the scalable and flourishing ecosystem that is @0xPolygon 📰
medium.com/set-protocol/p…Pushing boundaries in Asset Management — TokenSets <> PolygonWe’re excited to announce the launch of the Set Protocol on Polygon, lowering the barrier of entry significantly and bringing us one step closer to enabling asset management and strategy creation for…medium.com

July 13th 2021

64 Retweets346 Likes

Set Protocol is joining the Polygon squad! DeFi Summer 2021 imminent?!

Hop Protocol

Twitter avatar for @HopProtocolHopProtocol @HopProtocol
We're proud to officially launch the Hop bridge starting with instant $USDC transfers between @ethereum, @0xPolygon and @xdaichain. ➡
hop.exchange
Image

July 12th 2021

214 Retweets1,056 Likes

Hop Protocol has launched their instant transfer bridge for USDC between ETH, xDai, and Polygon. In the next couple of weeks, more assets and L2s will be supported.


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DISCLAIMER: All information presented above is meant for informational purposes only and should not be treated as financial, legal, or tax advice. This article's content solely reflects the opinion of the writer, who is not a financial advisor.

Do your own research before you purchase cryptocurrencies. Any cryptocurrency can go down in value. Holding cryptocurrencies is risky.

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