Aug 30, 2022
Another Financial Crisis?
Why is Jerome Powell confident that he can tighten policy enough to reduce inflation from 8.5% to 2% without causing another financial crisis? Thanks to the Fed's easy money, which created the inflation problem, the current debt bubble is much larger than the one that popped in 2008.
Powell Doesn't Realize How Vulnerable The U.S. Economy Is
Jerome Powell doesn't realize how vulnerable the U.S. economy is to higher interest rates as he thinks Fed policies of ZIRP and QE solved the problems exposed by the 2008 financial crisis. Those policies only made the problems worse, while postponing and exacerbating the consequences.
Jun 29, 2022
Bitcoin: "Bag Holders"
Because Bitcoin whales succeeded in pumping Bitcoin close to $70,000, it's much easier for them to unload more worthless Bitcoin at $20,000, as those suckers who are buying think they're getting a bargain. These "bargain" hunters averaging down will eventually be known as bag holders.
Subscribe to:
Posts (Atom)