Global MACRO Update - August 10th, 2022

US CPI SURPRISED to the downside at 8.5%; The Senate passes the Inflation Reduction Act; Elon Musk SELLS 7.92 MILLION Tesla shares; Japan’s SoftBank unloads BILLIONS from its portfolio at a LOSS; Ukraine SUSPENDED oil flows from Russia to Europe; Britain plans for organized BLACKOUTS in January; Coinbase PARTNERS with BlackRock; And another crypto lending platform FREEZES customer withdrawals.

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