The stagflation hypothesis is flawed. Stagflation would almost certainly lead to hyperinflation. I think debt deflation is more likely. The government would have to really fuck up for stagflation to happen.
The craziest thing about that guy was that it happened in early 2008. I was 18, and he couldn't have been that much older than me. I wonder who he was.
In the late 2000s, I met someone on the bus who told me about bitcoin. I didn't know what the fuck he was talking about. Distributed ledger? Mining for digital currency by solving puzzles? I thought it might be legit, but there was no was I would be able to explain it to my girlfriend, so I should just forget about it.
Not listening to that crazy dude on the bus was the biggest mistake of my life. I still think about that day everytime I look at the price of bitcoin. He was young, and he definitely didn't look rich. I couldn't understand why anyone would want to do that. But he was right.
The US economy is strong, bond yields are high... why wouldn't anyone be bullish on the dollar?
People are ditching dollars because their money is becoming worthless. This is how a crackup boom starts.
Inflation is coming down, but everyone is still betting on inflation? Why? Bond yields keep going up. Do people really think there is going to be stagflation?
Governments are increasing liquidity because their economies are slowing down. This is not bullish.
How can anyone resist buying US bonds at these prices? How much lower are they going to go?
Has anything ever happened to you that was so crazy, you can't believe it actually happened?
Deflation is more likely than runaway inflation. I don't know why everyone is betting on inflation.
Bitcoin, gold, and silver are all up. Bond yields are up. Everyone is betting on inflation. Nobody thinks the fed is going to cut until they hit the neutral rate, or they think the neutral rate is higher than previously estimated.
If people thought inflation was coming down, they would be buying bonds. If people thought rates were coming down, the dollar wouldn't be going up.
Been a while since I've been on nostr. I love how diverse it is, and I'm surprised at how well it works. It's just better than regular social media
Suppose I have a music streaming app and I use #nostr to save playlist information. Users could use that playlist in a different app or share it with a friend.
Someone who watches lots of videos might use a lot of apps but they probably watch similar things. With Nostr you can tell the algo what you want to see and use those settings in every app.
#nostr makes it easy to add features to your website or app. Get rid of login pages and easily add social media. Users can be in control of their data and use it in different apps. Apps are easier and better with nostr
Nostr can be used for more than social media. It could be used to stream music and videos, and even host decentralized websites. What are other interesting use cases?