Goldilocks' Comments and Global Economic News Monday AM 10-23-23

Good morning Dinar Recaps,

Auto loan delinquencies among Americans have reached their highest level in 30 years That's a clear sign of malaise at a time when the economy is sending mixed signals, particularly about the state of consumer spending

https://twitter.com/MultiPolarMarkt/status/1716100093919506812?t=eq634oZeHzyf3kB6y03NkA&s=35

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The move to T+1 securities settlement was a hot topic at @Sibos 2023. With the clock ticking towards reduced timelines for processing in the US and Canada, Jonathan Ehrenfeld Solé, Head of Securities Strategy at @Swift and Sam Riley, CEO of @Clearstream Securities Services sat down with Sibos TV to explain how better automation and initiatives like the unique transaction identifier can ease this transition.

https://twitter.com/swiftcommunity/status/1716436750543790480?t=PYmtjxWO3umvJ0CzJFutpg&s=09

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S&P 500 Technical Analysis for October 24, 2023 by FXEmpire

The S&P 500 has fallen overnight in the futures markets, as it looks like we are heading toward the 4200 level in an attempt to break down.

https://youtu.be/U7410RHnLEY?feature=shared

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JP Morgan and Mastercard’s new Pay-by-Bank solution goes live in the US 

The solution leverages Mastercard’s open banking technology to enable consumers to share their financial data to pay third parties directly from their bank account using traditional ACH banking rails. This process eliminates the need for customers to manually enter their banking information when completing online transactions, while billers no longer need to risk storing sensitive financial data.

Pay-by-Bank is also integrated with Mastercard’s Smart Payment Decisioning Tools suite, which through the application of data analytics and machine learning can determine the best time to initiate payments in order to reduce the risk of returns due to insufficient balance and minimise the potential for payment failures.

It also promotes heightened payment security, as it requires consumers to engage with their existing authentication protocols, such as biometrics, in order to complete transactions.

https://www.fintechfutures.com/2023/10/jp-morgan-and-mastercard-go-live-with-pay-by-bank-solution-in-the-us/

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How Geopolitical Turmoil Affects Asset Classes

https://youtu.be/6v-J_xrsCCw?feature=shared 

👆 We talked about this a week or two ago. I just wanted you to listen to what AI says about geopolitical turmoils and how it affects asset classes.

@ Goldilocks

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