In today's post, the authors note that the narratives about declining dollar shares in official reserves, and increasing roles for gold holdings by central banks, inappropriately generalize the actions of a small group of countries.
https://t.co/Rpwa0hnX6X
@iml84myd8s @NickTimiraos FED wanted a controllable market correction instead of a plunge. Inflation? -> let's wait & see, they will say they need more data.
@DragonsDogma@CapcomUSA_ Micro transactions for common & useful functional items are unacceptable. I feel like being treated as playing a free mobile game.
“Your brand is what people say about you when you’re not in the room” - Jeff Bezos. Personal branding is done via every day actions, not merely what you speak & behave in front of the people.
This afternoon, FTX asked for our help. There is a significant liquidity crunch. To protect users, we signed a non-binding LOI, intending to fully acquire https://t.co/BGtFlCmLXB and help cover the liquidity crunch. We will be conducting a full DD in the coming days.
The Cleveland Fed's inflation tracker has been very accurate so far this year, and hints at U.S. CPI ending the year close to 8%. That's well above where almost everyone thought it would be six months ago, with core CPI even accelerating.
People hated this chart when I posted it 12 months ago. But I still kinda like it..
Based on history, either inflation had to come down ("transitory") or equity valuations were in trouble.
still a way to go...
The Fed is trying to tighten financial conditions and keep them tight.
Talk about a Fed “pivot” can be confusing because a slowdown in the pace of hiking doesn’t necessarily mean an earlier end to hikes given the need to keep financial conditions tight https://t.co/IgfJO0copI