Powell is a reluctant hawk. He used to be one of the most dovish Fed chairs in modern history. I feel that the Fed wants to pause. If we don’t have some crazy hot inflation prints we may actually get our pause.
Sorry I mean skip. Can’t use the P word.
The SEC is going after crypto. Binance Coinbase all need to be wiped out. Like Sam the typical crypto meme spac fraudster. In fact the whole industry is a fraud.
https://www.amazon.com/Easy-Money-Cryptocurrency-Casino-Capitalism/dp/1419766392
Bitcoin is back because of front-running betting that SEC would approve the bitcoin ETF by Black Rock.
Enjoy the bubble. The whole economy is a pyramid scheme…
Translation from Russian
AMERICA AND SERVICE ECONOMY.
MONETIZING DEBT!
BETTING ON THE VELOCITY OF MONEY.
A rich tourist comes to a small provincial town. Leaving $100 as a deposit to the hotel host, he goes up to view the rooms. The owner of the hotel, not for a minute, takes a bill and runs with it to the butcher to give debt.
The butcher, with a bill in his hand, runs to the farmer and gives him a debt for the beef. The farmer is indebted to the owner of the auto repair shop.
The owner of the workshop is heading to a local store and pays a debt for the products.
The shop owner ran to a local prostitute, who “served” him in debt due to the crisis… The girl immediately runs to the hotel owner and owes him a debt for the rooms she rented for clients.
At this moment, the tourist comes back down and says that he has not found a suitable room, takes the deposit and leaves.
Nobody got anything, but the whole town now lives debt-free and looks optimistic to the future…
No way this company has that much money.
The $4.7 billion settlement is one of the largest in the FTC’s history, close to the record $5 billion fine levied against Meta in 2019, and highlights what the FTC described as repeated deceptions by Celsius and Mashinsky.
As more and more nations conduct bilateral trade using their currencies, they would keep less and less USD as reserve. This would depreciate USD. May be a good enough reason to buy Bitcoin as a hedge vs depreciation of USD.
Bitcoin to $150k. Buy BTC or GBTC to hedge depreciation of USD?
Forget USD. China is pumping out massive amount of liquidity to get its economy back to life. But most of that newly printed money goes back to the banks as people refuse to spend and business refuse to borrow. So China pumps even more.
Some of this fresh liquidity should find its way to cryptos, and to assets in the West like RE and stocks.
Singapore is flooded with Chinese tourists 
and students 
China has great divide, filthy rich and the peasants.
Bitcoin is in the pooper today. I think gold and oil are better safe havens from dollar risk, than shitcoins.
Stocks looking for a correction. Next two months could be ugly
For example, over half of Gen Z (between the ages of 18 and 25) have invested in it, a report by the CFA Institute and Financial Industry Regulatory Authority’s Investor Education Foundation showed earlier this year.
50+% of gen z 
Is CG a good contrarian investor or a contrarian indicator?
Welcome back!
recently. Nearly double in one month.
