OK, so now that the huge news is out that @SenLummis is on the Senate Banking Committee, which is awesome for #bitcoin, I’ll re-open the contest. What do she and I have in common? Nobody has guessed it so far.🤠😇
Winner gets a fire emoji!
@scottmelker Just read an entire chapter about this in @morganhousel’s The Psychology of Money. Difference between getting rich and staying rich. Fantastic read.
@vakeraj I’m not quite there yet, but it’s wild how many copies of The Bitcoin Standard, @real_vijay’s Bullish Case for Bitcoin, and other resources I’ve passed along to family, friends, CFO’s, FA’s, a scientist. Intellectual people from all walks who don’t, or choose not to see it.
All the money in 2008 was made by suits identifying a market dislocation and exploiting it.
All the money in 2021 was made by retail identifying a market dislocation and exploiting it...until the suits intervened.
👀
What’s the difference with these two statements?
BREAKING: The Federal Reserve is sharply limiting how $$ banks can give shareholders.
For Q3:
-No share repurchases
-A cap on dividends
-Large banks must resubmit capital plans later this year.
The big takeaway:
The Fed is worried about a U or W shaped recovery.