ah, both the room but the one for the show. you can't coordinate ambridge a board. and i'm rachel blevins in washington. coming up. the client started to bounce back after hitting a 6 month low. as the latest fell off head crypto market across the board will take a look at what's behind the latest losses and if they are expected to continue. and it's not just crypto us market, they're also struggling with the us and he logging is worse week. the panoramic began and the nasdaq falling deeper into correction territory. we'll discuss it on that. then the united kingdom, economic rebound is in jeopardy as it seeing if growth plummet with the lowest level in nearly a year. got a lot to get to look,

it started and we leave the program with the latest from the world of crypto following a very rough few days for markets. it's the kind of news that has left crypto holders with massive anxiety since the weekend. the crypto currency market had around had lost around a $130000000000.00 of its value over 24 hours as the multi day sell off of major digital coins accelerated. now bitcoin and a theory in are sitting about 40 percent and 50 percent from their respective all time highs. and on monday, bitcoin dropped below 33000 briefly. it's lowest points since july, according to coin metrics. but if there's any good news here on monday, bitcoin also finally seemed to stabilize around 36000. so what is happening and how much farther might bitcoin another? all coins fall? well, joining us now to discuss the analysts and been best co host chrissy i and men's want. chris see, let's start with you here. now we know it was

a pretty rough 24 hours. so can you explain to us what happened? yeah, so crypto has been under pressure since the fed reserve looked to raise interest rates and the sell off in big tech stocks is prompting traders to go risk off, which included a lot of crypto names. and given the massive year that we've had in crypto with the quinn, adoption going mainstream to wall street, that is now playing out like a double edge sword. well, having wall street hedge funds getting into bit coin and others for great for the rally. they're not long term hardliners. and so quick though, fell as hedge funds all over began to quickly reduce leverage and cover future margin calls. so a lot of volatility in big coin is nothing new. for long term traders, we've had 4050, even 60 percent. draw that before and while they are painful is just a certainty with the quite as it is the only free market asset. there are no circuit breakers and cooked markers. no market freezes because it crashed too much in a day. snow fed swooping in to save the day, but the coin is

a direct reflection of the true supply and demand, which is what makes it so great. and that was just the case on friday. we saw the market maker dow had they had a $600000000.00 liquidation on friday, but it was saved at the last minute by another whale who was willing to swoop in and buy a big chunk at a discount. so a $600000000.00 liquidation would have been a huge impact on the market if it did go through. but fortunately, the 7 siblings came in and bought a chunk of 338. so there was a lot of delivered in going on funds moving over to cash and all, but this was basically a much needed be balancing in the curb to market. because while no one wanted the rally to and the coin did have a big gap to fill leftover from july of 2021, which it did, which allow the technical chart to basically resolve itself. absolutely love to keep in mind there. when we talk about this, people do get spooked when they hear about these giant draw downs. now. bad bitcoin, obviously the world's most valuable crypto currency. it plummeted 20 since since

the beginning of the year in november it was trading at a record high of $68990.00. but its peers have actually fared much worse. is that correct? yeah, they actually have a mean a theorem drop. what 12 percent over the weekend, so that's a pretty tough 24 hours. you were talking about the 24 hour period but, but the reality is this, look, we're watching this take place if you went back to last november, remember it was all sunshine and lollipops. was all going to be great and it was to the moon. and the problem is, of course, that there's been correction in the market as christy rightly said. but that doesn't mean that if you're in big coin a, you're any theory him or you're in solano or careno or whatever. alcorn, you're in that you need to panic. and i don't think the panic, by the way, is actually coming from people who believe in these technologies or who are really invested in them from the early point. i think what we're going to see are more and more people who are new comers to this phase. they know, know it's happening, it's all a scam and falling apart on me. and what we're also going to hear is how regulators

need to step in and fix this. christy is absolutely right when she says that this is the free market is the only true free market that's left of is in this space. and so right now, because it is a free market, you have players who get in and then they get spoked, or they don't like this news and they decide they're going to get out whatever the reason might be. and the market has volatility to it. that can be a bad thing. yes. when it starts to drop it, it's a very good thing when it rises very quickly and the, the reason for the volatility or the, the cause of the volatility has made a whole lot of people off. we wealthy just like it makes some people awfully poor. even hit the wrong time, so you gotta hold on and you can't freak out just because you're watching the market kind of go up and down. it will probably continue to drop a little bit. and christy to beds point there. you mentioned on the show actually last week that much of the self is coming from new purchasers. not the so called hollers. why is that point so important? it's important because a lot of a small hotel any is caused by the short term trade. i think you later is the new

traders, the hedge funds, a formal trader, those who are only in it for the flip, rather than what been said, people who are holding it as an investment because they believe in the technology. because sure. given the last 24 hours a good chunk you can say, came from some long term crypto trade is operate on leverage to. but the sell off was actually not fast enough to be a d leveraging domino effect that we've seen before. otherwise, we will see a cascade of orders walls of or is that big point fell and kept hitting new stop losses and triggering more margin calls. but that was not the case. we saw the funding rates are normal, not too high. so this wasn't like trader or blown out of the markets. so this was a methodical unwinding of positions from funds, institutional for clearing balance sheet for the new year, people who are freaking out all of the news. so it's unfortunate that this is a side effect of having a lot of flippers whole big, quite meanwhile, the proportion of big point supply that has remained stationary for a year or more hit level not seen during the previous capitulation events. so that

proportion is now about 60 percent, which is higher than after the march 2020. cobit crash. higher than that. the end of the 2016 bear market. and higher than that of the end of the 2001900 barrel market when big point hit a low of 3100. so the current resolve among long term investors is still unshaken and hardly just continue to add to their position and glass note also confirm the presence of active haulers growing. so that is a nice thing to rely on despite these big impact that the institutional have every single time itself. it's just going to keep on going back into the hands of the real crypto community. yeah, that's definitely something that is good to keep in mind. now been, we've got about 30 seconds here. i want to touch on a point you made, which is that the sell off may not be over. how far do you think that will see bit cornwall? well, it might not be over, right? we might actually see a test around the $30000.00 mark we might even get into the twenty's or all the way down to $20000.00. it absolutely could happen. but the point that christie made about the flippers, the people who are in this for the money flip,

are the ones who are going to get hurt, but they're always the ones who are going to get hurt. they're doing it for the wrong reasons, is of their strategy isn't sound the one good thing about the price of all these coins going down is that if you want to get in and invest not so when you want to do with your money. but now is a good time to invest when you buy that dip, because you hold it for 10 years and then see where you're sitting. now, we'll certainly continue to keep an eye on it. boom bus been swan and christie. i thank you both for your insight and give and us markets continued their downward spiral, spiral to kick off the week on monday with each of the 3 main indices, diving at least 3 percentage points throughout the day. and we're hearing a lot of talk about a dreaded market correction. now it should be noted after a turbulent start to the day, equities regain much of their losses, but issue still remain now coming off it's worse weeks since the onset of the pandemic in march of 2020 the s and p 500 had officially fell by 10 percent since

highs reached the beginning of the year, but it did re gain some losses mid day. at the same time, the tech having nasdaq is more than 15 percent below its recent highs in november and the down in is inching toward correction territory having fallen roughly 8 percent off its recent high. now the sell off comes as the leaders of the federal reserve are set to hold their 1st meeting of the year to talk about future policy with inflation in the u. s. rising, had its faster pace in 40 years. now, all analysts are projecting for interest rate hikes. this year, the fed is not expected to move until march, and it should be pointed out that inflation issue. well, it's not a uniquely american phenomenon, as the economy is worldwide or feeling pricing pressures. in fact, december 7 percent inflation may seem kind of paltry compared to huge numbers in a country like turkey, which is 36 point one percent inflation rate in december. as the lira has fallen to record lows and incredibly easy monetary policy from the nation. central bank in

argentina, prices rose 50.9 percent year over year in december. the highest among g. 20 nations has price controls have not been having the intended impact. meanwhile, brazil has seen an inflation rate of 10.7 percent year over year as it faced the severe drought and a weakening re out outside of g 20 nations venezuela saw the world's worst inflation coming in at 686.4 percent in 2021, but since december, the month to month, numbers have remained in single digit. so joining us now to discuss is best selling author and founder of the bear traps report. lawrence mcdonald, laurie the pleasure to have you on the show today. i want to start with what's happening in u. s. markets because as we discussed they were down at 1.3 percent, and then a rally to kind of close out the day actually brought the dow back into the green territory even after falling $1000.00 points. now we've heard analysts say their pricing in an interest rate hike and the fad is moving to an easy monetary policy. and that's why we're seeing all this action. what are you seeing in markets right

now? well, thanks. it's great to be on the program. i mean, i've enjoyed the job, you know, doing all the job we run a bloomberg chat with about 650 institutional investors in 2003 countries. and it's all by side. so your hedge funds, your mutual funds for pension funds and we measure capitulation. i thought i'd tell you this all started right around thanksgiving, the fed leak to goldman sachs 3 hikes instead, a 2. and then maybe about for another 2 weeks ago, there was another leak out of the bed to goldman again, for hikes instead of 3. so the fed is basically floating these balloons in terms of their with thrall of accommodation in the markets has been pricing in a very, very hefty pullback of accommodation. and that's what's caused this capitulation sell up. but i, i will tell you that financial conditions behind the scenes are tightening far

faster than you can imagine in. so the fed is really playing with the serpent here . there's a real serpent in the market. financial conditions of beast in the market, and they're biting off more than they can chew. they're going to have to walk back a little bit. so all the indicators we see terms of new lows in the nasdaq in terms of, of put call ratio. we have about, you know, 20 indicators of will. capitulation, i think the lows are either in today or tomorrow. uh, for tradable bounce, especially in the tertiary names. you're, you're biotech, your arc names of those, those, those names really came out of the whole today. and we see a counter trend rally here starting today tomorrow, which last several weeks. well, that really is notable, especially as we've learned that you know, chairman j. powell has worked so hard over the last year to keep everything steady with the market to let them know that he is going to communicate. and so it's interesting to kind of see that uneasiness. now at the same time,

this is all happening during earning season, and you would expect this sell off to be indicative of poor results, but so far, nearly 75 percent of s and p $500.00 companies that have reported actually beat their estimates. so why is that not helping to relieve this volatility right now? you know, it's, it's so sad. the earnings mean absolutely nothing. in the 4th quarter of 2018, we had the best earnings corner we've had in probably 3 years in the but the fed was promising flow rate hikes in 20194. and they were promising also quantitative timing, which means reducing the balance, not just a pre reducing it. so the fed in the 4th quarter of 2018 was promising for rate hikes the next year, plus another 3 hikes in terms of quantity exciting. so 78 high eggs in the beast, in the market sold off stocks, the earnings absolutely middle incredible earnings results that quarter in we sold

off 20 percent. the similar thing is happening right now. it just, unfortunately with the combination and with the game in terms of what, how much fiscal and monetary juice they put into the system of things like earnings are really backward looking and you have to look for the bottom line is the for when the fed over the last 3 peaks took it up to 4 rate hikes for $20.22. and they took it up internally. they brought quantitative tightly on the table again. so this almost the same thing for 2080 if they walk that back to 2 likes, it may be a quantitative tiny out further in the future, not this year. ok, that's enough for a big, big rally. and i guess i know you're saying that we're going to see a bounce, we could see a rally, but there is no concern that this bubble is bursting here. and i got about 45 seconds. i do apologize. lar, true. well the, exactly the we have a counter trend rally the glassy couple weeks, but i think you wanna, for now, you want to sell the rallies in raise cash. and we could be in over the next 6

months for some with so much more difficult time. so enjoy the rally. love our think that'll get of the bear traps report rev abby back. i appreciate your now, so that was great today. thank you so much. thanks and as tenses continue to build between the nato alliance of russia, the u. k. is reportedly signaling that if a military conflict does break out between russia and ukraine, it would support sanctions that could include blocking the nordstrom to pipeline. and suspending mosque out from the swift international payment system. and this actually would not be the 1st time the u. k. has made such a proposal, in fact, back in 2014, following a u. s. supported government overthrown ukraine. the u. k. also reportedly planned to push the e, u to block russia the use of swift and an attempt to cut the nation off completely from the international payment system. now, rachel, it seems like, you know, we've heard a lot of this talk and what could happen and there's economic sanctions on the table. but if they were to cut off the swift bank, and of course the north seem to pipe like, does the west really have more leverage?

and i mean, is this even likely to happen? you know, at the moment it seems like they are trying to come up with a number of consequences to kind of put in front of russia, even though russia has a time and time again that they're not planning to invade. but at the same time, when you think of those consequences, we also have to remember what it would do to european nations and of the u. k, especially when it comes to cutting off the north stream to pipeline which they desperately need. and at the same time, if they were to cut russia off from swift altogether, it would teach russia to be even more independent, which is exactly what we have seen them do. with this entire continued campaign from the u. s. to try to isolate them. we've seen them turn away from the us dollar go more told towards gold, and that is exactly what's likely to happen. very interesting and time now for a quick break. but when we come back, the united kingdom, as seen as drugs flow to a near one year as low as the nation is struggling to balance back, we'll dig into those details as going to break here. the numbers of quote, the

me ah bring you the very latest every out the day. this is all he's now snow from everyone here with

it's an open secret that private military companies have been playing a role in our complex world wide. u. s. government doesn't track the number of contractors it uses in places iraq or afghanistan, united states army and the military in general is so reliance on a private sector. i would call that dependency, but we don't know who's the on the ground presence of these companies overseas. we just don't out west and private military companies can in turn use so called subcontractors from countries with trouble pass. the chances are quite good that they had also been child diligence. this is, i was a child. as a, as my job professional job is, he's with me for moment 141. if i said that with, with no flaw minute, malone. if you want to sure which way to be merciless killing machines,

now they fight and die in other people's was people carol, lot one and a dead soldier or dead marine shows up in this country and we start asking yourself, why did they die? why do what would a fighting for? nobody bothers down to about that contractors in the risk canceled down through here. allan, is the larry over here. so your camps are always a little nicer than this. this is evidence of absolute poverty, despair. people in our city and other cities all across america are living like this, where at the original need and village that opened up in 2018. and right now there's 31 homes on the property. it's a little over 4 acres with 31 homes and a community center. unfortunately, a lot of people don't make it out of edition more homelessness ally,

i'm just really happy with it. i bet you with the air. welcome back, while inflation and supply chain shortage to continue to take a toll. an increase in cobit 19 cases, also hit consumer services sector in the u. k. so any of the economies growth to an 11 month low in january the us market index came in at $53.00. busy now we will always note that anything above 50 represents growth, but it is still the lowest the index has fallen since the u. k began lifting

restrictions last year. now, meanwhile, tensions with the you continue more than one year after breaks it was finalized. one of the main points of contention has been the northern island ireland protocol . now the top officials from both sides met and brussels on monday, following a week of talk between their teams. the u. k. has requested significant changes to the deal, noting that as it sounds now, the required border checks for northern ireland treated as though it is no longer a part of u. k. in response, the use chief for exit negotiators said he is highlighting the importance of the current deal because it was the only agreement they have been able to come to so far. and ultimately, it is about ensuring stability, predictability, and prosperity in northern ireland. bearing in mind that the protocol represents the one and only solution found jointly in light of rags it to protect against of

the peace process and avoid to hard border on the island of joining us now to discuss is hillary ford, which president of straw mark business development consultants and board member with the british american business association. now, hillary, what do you make of these talks? i mean, is there hope for some kind of deal that would address the concerns of the u. k. has presented. well, rachel, pleasure to be back with you. and as always hope yeah, there's a few things here. i actually would agree though, with our raoul group role, he's the former advisor, the prime minister on europe. and he said that as a definite softening and a better tone, an atmosphere between list trust the car for minister am myra so cubic and actually they came out with a joint statement. awful. last meeting. yes. they messed met in brussels to day after meeting in kent. so a couple of things. one thing he came out and said he has said after that meeting at the end of the day that he will not work to an artificial deadline. he will not

be forced into an artificial deadline, although he's going to act with a sense of urgency. so i think what you're seeing is that you know that the, the you doesn't really want to barge on. this is far more political than anything else because northern ireland, of course, is a very political issue that yes oh and yes, there seems to be somewhat of a softening and a better there than as ever be earlier. i mean, obviously we've talked about this issue quite a bit on the show with you and you've noted that the eat doesn't really want to make it easy for anyone to leave a. but have that actually been the driving force behind this conflict as far as keeping the northern ireland protocol in place or is that you actually happy with the protocol as it is? well i called speak to the you and i or anybody would say anybody's actually quite happy with the situation. ah, go right, brent in that of course. like why would the e you want to country to leap now? does it make them look good? it's like when someone leaves your club, when someone leaves you, when someone does us, you know, it doesn't make the, you look good. and they're also concerned about all the nations, if all the nations see that this is not fraught with any kind of distress that

other nations might lead to. what's interesting is married soccer has also said that if there isn't some kind of settlement on either side, that he will suspend discussions or breaks it at the end of the month at the end of february, before march to basically he and the, ironically he's actually said he wrote, set a full stead line or artificial deadline, and yet he sort of setting it himself by saying the end of march. what was interesting also was he said that there are less, i think it was something that we are just of protocols than any other food country that they've made. so he basically is saying, you know, you have a great deal, britain of the u. k. you know, you should take this or else we're gonna stop speaking. so he is actually basically laying down a deadline and you're saying you had me thinking that the issue would be encouraging country is to stay, not encouraging them to just not leave, right? but when it comes to all of this, i mean,

i also want to bring up the u. k. economy because it did record, it's the lowest growth in nearly a year, with inflation at 30 year highs. and the bank of england is expected to raise interest rates again next month. so what do you see as the main economic concerns for the nation right now, and is it on a path to stability despite the latest data? well, i do think rachel, actually, ironically, despite the data, i do think it is on upward trend, a long term upward trend. and i think a few people to read me adam, honing he is the chief economist over there at capital economics. and what he said is he called this up over the good actually he called it the only kron hangover. and i thought that was a good way to basically position this. don't forget the u. k was hit rather hard, hard of the most of the european nations with all across. so you have staff shortages and economic shortages in economic pressure in terms of all of the goods . the supply chain obviously was suffered far greater in the u. k than anywhere else. if there weren't the goods and some of the shows were empty,

the consumer couldn't go out by them. also, consumer confidence was hit drastically hard by over chrome. but if you go back to adams, quote, this is the only cron hangover. he says, he thinks there will be a very swift recovery at the by the end of q one that's now going into the rest of 20 to the end of this quarter. and i tend to agree with him because all the underpinning fundamentals are good. manufacturing is up in the u. k. what was really hot yet was the services industry, the leisure industry in the hospitality industry. but of course, as we know, the u. k. is doing a lot of deals around the world and that bodes well for the future. i certainly a lot of moving parts there. hillary ford, which of straw mark development consultants. thank you so much for bringing us up to speed. pleasure. and finally, months after a russian actress and her crew became the 1st to film a movie in the outer space. well, tom cruise is now looking to join that exclusive club with a production of his own. the new project is being launched by the u. k. base space entertainment enterprise. and it aims to build

a studio that would be attached to the international space station. well, that module referred to as c one is currently being developed by axiom a company based in houston, texas. when completed, it could be the world 1st content and entertainment studios and multi purpose arena in space. right now the data for launches and until december of 2024 and tom cruise is expected to be one of the 1st major actors involved after nasa confirmed they were working with him on some sort of space film. but we still don't know much about it, including what their budget might be for a space launch. i bet it's going to be large. now they called you and they said, hey we, we want you to come up to our arena and space would you? of course, i've told you at times rachel, i'm ready for space. i'm here for it. well, as long as we can send a tv with you and you can talk to us down here, i will stay happily here. honor. i like the word space arena. it makes me think we might be looking at space olympics sometime soon. oh goodness,

i think the regular olympics figured out then maybe maybe that's in the future. and that's for the time you get us on demand on the portable tv app available at portable dot tv. and it will see you next me the ah, is the earth still large enough to satisfy the ambitions of jeff bezos? you know, it's got its tentacles in so many aspects of the economy. there's nothing that amazon isn't trying to get into to step by step. the amazon empire has extended its group on the world that walks like a duck and quacks like a dog as a dog. so amazon looks like monopoly trades like a monopoly makes money like monopoly behaves like monopoly. amazon essentially controls the market place. it's not really a market as a private arena, a wild,

where a single company controls the distribution of all day the products and the infrastructure of our economy. is this the world according to amazon? max, kaiser's financial survival, god, housing ball. oh you mean as a downside, artificial mortgage right now get carried away. what's going to report ah, is your media a reflection of reality in the world transformed what will make you feel safe? isolation, whole community? are you going the right way, or are you being led somewhere? direct. what is true? what is great?

in the world corrupted, you need to descend. ah, so join us in the depths. all remain in the shallows. ah, the u. s. puts 8500 troops on high alert. the pentagon says they're ready for deployments in eastern europe if russia ukraine, enough, despite moscow saying as no such a british government minutes to quit, while fleming, what he calls the prime minister, lamentable to track record. in fact, in claims of massive fraud in a government obit loading and wickedly founded during the stand when the right to appeal to the u. k. supreme court to prevent his expedition to the u. s. on

espionage charges, the ruling has been welcome bye bye me.