Hey people are zapping me. Idk why but thanks!
I actually haven’t figured out how to upload pictures yet
Extraordinary Popular Delusions and the Madness of Crowds
Everything you ever wanted to know about financial / sociological bubbles phenomenon
I’m commenting to provide engagement because I’m glad to see you on Nostr
How very open minded of you
Not even truth, just sound logic and reasoning in a world run largely by emotional short term thinkers.
Not you, the chartbois comment
Like are we pretending we don’t look at the exchange rate of bitcoin?
I’ve been in this shit since 2012 and I still look. 1btc=1btc is inherently an elitist view that bitcoin will eventually take over the world. Most of us subscribe to it but if we’re pretending we don’t update ourselves as to the status of that progress that seems disingenuous.
How does he still believe this crap?
Diversification is a good way to stay rich
Not a good way to get rich
Spam bots can be defeated by verification also
The Fed has a dilemma, almost a race, between two things as they raise rates here.
1) Raising rates generally results in tighter borrowing standards on a lag. This can reduce lending-driven money creation and lead to disinflationary demand destruction around the margins.
https://void.cat/d/LciK171UhVRj6yZuNHk2u7.webp
2) At high public debt levels, raising rates also increases federal interest expense, which increases the fiscal deficit, which is a source of ongoing inflationary stimulus into the economy.
https://void.cat/d/FX7vWUrUF4kiNidN1g5PQ3.webp
In the 1940s, inflation was fiscal-driven and public debt was high.
In the 1970s, inflation was mostly lending-driven and public debt was low.
Currently, the Fed is using a 1970s-style playbook to deal with 1940s-style fiscal-driven inflation.
Popcorn
Let’s be angry about things so other people will retweet our anger and argue about it.
Fun times… 🙄
❄️♥️