Replying to Avatar Mr. Sat Stacker

So much Fed speak this week. Markets want cheaper money.... politicians want cheaper money.

What happens when the Fed does lower rates. What happens looking back historically....

In the long term all goes to 0 in #btc terms. The short term may get painful frens. Be careful. Save a little cash too so you won't have to sell bitcoin on the cheap.

Set up for a scary October in financial markets.
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nobody 1y ago

I think the causal arrow goes the other way. Fed pivots because the economy is already fucked. Re: FOMC meeting Wednesday they don’t know what the fuck they’re doing. They’re always reactionary and the idea they’d do anything like a “soft landing” they’ve been talking about for 2 years is stupid. They were always going to go too far and this time they’re so painted in a corner this is going to whipsaw and wreck a ton of jobs AND spike inflation when they’re still above target. They’re so fucked.

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Mr. Sat Stacker 1y ago

For sure. Rate cuts and bailouts are admissions to those mistakes.