Awesome, awesome show. General Iroh ftw.
Wait so he didn’t actually have any Bitcoin?
The fed probably thinks we’re going into global recession because “people think we are going into a global recession”.
They want to fix opinions instead of addressing the actual causes.
Someone needs to sell big on day 89 for BTC to hit $1M
We live in an age where money is information, and information travels at the speed of light.
CBs hiking rates, market doesn’t care. Market knows something big is coming that will force fed pause then rapid rate cuts.
Not good look for global economy. Bullish for #Bitcoin
“Tier 2 bank First Republic is signaling it cannot survive as a stand-alone bank anymore. This signals wider problems for all regional banks,” Jim Bianco, president of Bianco Research, wrote. “This loss of confidence in regional banks means there has been a sudden and significant contraction of credit availability for the economy.”
"What this is telling us is there's the potential for just a large credit extension contraction that banks are going to embark on [to] focus more on firming up balance sheets and rather than focus on lending,"
Deflationary monetary conditions.
The US backstopped US banks to prevent US banks from collapsing - not counting on potential for foreign bank collapse contagion stressing US banks? This what futures pricing?
Silicon Valley Bank was supervised by the Federal Reserve Bank of San Francisco.
The bank's CEO was a member of the San Francisco Fed's board of directors until Friday, when the bank was closed by regulators.