You neglected to mention Jamies temper tantrum over bitcoin on National TV. 🤣
did you hear his voice crumbling and cracking as he swung strike after strike about bitcoin. When is he going to admit bitcoin can move money around the world instantaneously for very small transaction fees? Jamie says 'Bitcoin has no use except for nefarious purposes.'
Given the nature of the deteriorating fundamentals we will need a breakdown in asset prices before the FOMC will enact QE, they know the next crisis will take another $6Tn in QE so FOMC assets will rise again well over $10T in a short time period! QE only comes after a retreat in asset prices not during the ramp up phase into the rate cuts in my opinion. As far as crypto assets, Bitcoin and all crypto will also fall if the global economies weaken further...Thanks Pomp!
Historically, when the Fed cuts rates that's actually when markets tank and enter a severe recession-induced bear market. Fed cutting rates doesn't make equities go up.
You neglected to mention Jamies temper tantrum over bitcoin on National TV. 🤣
did you hear his voice crumbling and cracking as he swung strike after strike about bitcoin. When is he going to admit bitcoin can move money around the world instantaneously for very small transaction fees? Jamie says 'Bitcoin has no use except for nefarious purposes.'
I say, 'Hey Jamie, It takes one to know one!'
Hows that for a juvenile retort?
His argument gets weaker by the day.
tick tock next block...
Given the nature of the deteriorating fundamentals we will need a breakdown in asset prices before the FOMC will enact QE, they know the next crisis will take another $6Tn in QE so FOMC assets will rise again well over $10T in a short time period! QE only comes after a retreat in asset prices not during the ramp up phase into the rate cuts in my opinion. As far as crypto assets, Bitcoin and all crypto will also fall if the global economies weaken further...Thanks Pomp!
Sooo, you trust what JPMorgan says right about now? Ummmm
Historically, when the Fed cuts rates that's actually when markets tank and enter a severe recession-induced bear market. Fed cutting rates doesn't make equities go up.