Month: December 2024

Let’s sum it up, shall we?

Bitcoin – minus 7% a week. S&P 500 – crashing, a solid 2% drop. Dow – on a 10-day losing streak, something we haven’t seen in 50 years. But hey, all this is happening near all-time highs. There was a meme going around – Jerome just fcked* 8 billion people at once: the Fed cut rates by 0.25% – the third cut in a row. Cut too fast – inflation jumps. Cut too slow – unemployment spikes. Which chair are you picking? Oh, and there’s another debt ceiling breach coming… but we’re not worried about that already. https://preview.redd.it/czm3vvzhzk8e1.jpg?width=617&format=pjpg&auto=webp&s=8865ce3ef12999c4db9c95dcab97164a8cbf27d9 submitted by /u/FXgram_ [link] [comments]

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Cathie Wood: government spending is IS TAXATION IN DISGUISE

Founder and CEO of Ark Invest, Cathie Wood: “Since the election, our funds have outpaced the market, including the Mag7. The market sees this administration supporting innovation, productivity, deregulation, tax incentives, and rate cuts—all boosting economic growth. Government spending is taxation in disguise, whether through higher taxes or inflation. Increased efficiency in government will reduce tax hikes and leave more for the private sector.” submitted by /u/XGramatik [link] [comments]

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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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