We’ve got a new dot plot
https://www.federalreserve.gov/newsevents/pressreleases/monetary20230322b.htm
50bps is trending for me
I assume 25
I just saw an ad for QQQ
The crisis continues
Oh yeah, I closed out Robinhood account after they froze GME traders, just like the interface for monitoring traditional markets
Was fun to watch this come together on clubhouse
If Switzerland can’t backstop one of their 2 biggest banks with over a trillion in assets, that’s a different situation than Silicon Valley and crypto banks are struggling
What’s the fed going to do?
If there are more global bank collapses before Wednesday, who knows
What’s the difference between an orphan block, a stale block, and a reorg?
Saw someone throwing up on the street in Astoria at 4:50pm ET on St Paddy’s Day
New York is back
Photos on Damus! 
Accounts
Yes. I forget what ledger calls it, but you can create multiple addresses. Wallets maybe.
I wouldn’t, but many do. They might as well do it in a less risky way
JP Morgan, Bank of America, Goldman Sachs, and 8 other large banks have deposited $30 BN at First Republic to seek to stop fourth bank failure this month
It’s a pretty incredible move. Wonder if the fed gave any back room commitments that those funds would be guaranteed if there was a collapse
David Benioff and D.B. Weiss (from Game of Thrones) are making an adaptation for Netflix that’s supposed to come out later this year
I’ve been watching the Three-Body tv series from Tencent, based on The Three-Body Problem book trilogy. It’s an incredibly faithful adaptation of the books, which I’m enjoying. If you’ve never read Chinese literature, there’s something really unique about SciFi with a perspective that tends to be much less protagonist focused.
The funniest thing though, is that I now get YouTube ads in Chinese. Most recently, I even got an ad clearly targeted at Chinese-American parents for a Kumon style online learning to get your kids into a top university. Years of using YouTube, and 10 hours of watching a Chinese show and their algo is totally confused.
I’m seeing a lot about the FedNow launch as it approaches…NACHA RTP has been available for 5 years and was 2.5 bps of the volume of ACH last quarter. Maybe it’s because everyone knows the fed is coming, but it seems like banks aren’t implementing real time settlement with any urgency.