Day: December 22, 2024

Is Bitcoin overdue for a correction?

In the past, Bitcoin prices have followed global money supply with ~10 week lag. As global money supply hit a new record of $108.5 trillion in October, Bitcoin prices reached an all-time high of $108,000. Over the last 2 months, however, money supply has dropped by $4.1 trillion, to $104.4 trillion, the lowest since August. If the relationship still holds, this suggests that Bitcoin prices could fall as much as $20,000 over the next few weeks. Do you believe bitcoin will fall to 20,000? https://preview.redd.it/56mlykfkdg8e1.png?width=864&format=png&auto=webp&s=8d7390029facba3fda6894216666a405063a7482 submitted by /u/Pllover12 [link] [comments]

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TKL: The global volume of complex finance products has hit $380 billion year-to-date, the most since 2007, a year before the Financial Crisis.

Volume in these products has officially exceeded the 2021 high of ~$370 billion. This surge has been driven by rising risk appetite as markets have rallied deep into record high territory. These products offer higher returns and provide higher fees for Wall Street firms than government and corporate bonds. Risk appetite has rarely ever been stronger. submitted by /u/XGramatik [link] [comments]

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George Gammon: Why would anybody in their right mind buy treasuries when the interest rate doesn’t keep up with cost of goods/services?

Because most people in the world have seen USD/Treasuries INCREASE IN VALUE vs goods/services in their domestic economy. Why? USD has appreciated more vs local currency than local prices have increased. This is one of the hardest thing for American investors to get their head around. submitted by /u/XGramatik [link] [comments]

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Elon Musk and Vivek Ramaswamy Want to Cut US Government Workforce by 75%

Elon Musk and entrepreneur Vivek Ramaswamy have proposed a radical initiative to reduce government spending in the United States. They intend to reduce the number of federal employees by 75%. The plan involves closing some departments, banning remote work for government employees, and moving government offices from Washington to other regions of the country. submitted by /u/glira31 [link] [comments]

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15 bold statements from the past

“Stones can’t fall from the sky; there’s nowhere for them to come from!” – Paris Academy of Sciences on meteorites, 1772. “Computers in the future may have only 1000 vacuum tubes and perhaps weigh only 1½ tons.” – Popular Mechanics, 1949. “I have traveled the length and breadth of this country and talked with the best people, and I can assure you that data processing is a fad that won’t last out the year.” – Prentice Hall Editor, 1957. “But what’s it good for?” – On microchips, IBM Advanced Computing Division, 1968. “There is no reason why anyone would want a computer in their home.” – Ken Olsen, founder of Digital Equipment Corp., 1977. “This ‘telephone’ has too many shortcomings to be seriously considered as a means of communication.” – Western Union, 1876. “The wireless music box has no imaginable commercial value. Who would pay for a message sent to nobody in particular?” – David Sarnoff’s partners on investing in radio, 1920. “The concept is interesting and well-formed, but in order to earn better than a ‘C’, the idea must be feasible.” – Yale professor on Fred Smith’s proposal for express delivery (Smith later founded FedEx). “Who the hell wants to hear actors talk?” – Warner Brothers on adding sound to films, 1927. “We don’t like their sound, and guitar music is on the way out.” – Decca Records rejecting The Beatles, 1962. “Heavier-than-air flying machines are impossible!” – Lord Kelvin, physicist, 1895. “With no air to push against, how could a rocket actually push itself through space?” – New York Times on Robert Goddard’s rocket research, 1921. “Airplanes are interesting toys, but of no military value.” – Marshal Ferdinand Foch, French military strategist. “Everything that can be invented has been invented.” – Charles Duell, US Patent Office, 1899. “$100 million dollars is way too much to pay for Microsoft.” – IBM, 1982. submitted by /u/FXgram_ [link] [comments]

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