Investing is played for 10yrs time. Smart people play it for 20yrs time, dumb people play it for tomorrow. Much Love to all the goons who have taken shots.
H-1B DATA MEGA-THREAD 🧵
I downloaded five years of H-1B data from the US DOL website (4M+ records) and spent the day crunching data.
I went into this with an open mind, but, to be honest, I'm now *extremely* skeptical of how this program works.
Here's what I found 👇
I know someone that tried to redeem a million Tethers. He passed all of their verification, and then Tether refused to redeem.
He then went to me, and the media, and then Tether tried stalking him on Twitter and doxxed him using the KYC information he provided to Tether.
When I read about the ‘algorithm’ of @terra_money it sounds just like a crypto version of a pyramid scheme. Investors were promised 20% returns backed by a token whose value is driven only by demand from new investors in the token. There is no fundamental underlying business.
1) I have found it useful to study the Nifty Fifty period and the 1973-1974 bear market, in particular, as it appears to have considerable overlap to the so-called FAANG stocks of today. 🧵
My gosh .. Americans are loading up on credit card debt like never before.
Consumer credit outstanding - most on cards - more than doubling.
Oh, and interest rates are rising.
US equities didn’t get the memo, and most people are not paying attention to this, but financial system contagion is starting to turn up, and areas of the market are beginning to sense that this Financial World War currently underway = stress in the financial system. 1/n
People keep seeming to forget that companies and businesses that adopt public blockchain stablecoins will have all their business on the blockchain, available to their competitors.
Imagine your bank records, your suppliers & suppliers of your suppliers, all available online.
New RNS: FY 2021 Results
- Increased revenue by 291% to $100m (£74m)
- Mining margin was 84%, up from 41% in 2020
- Grew EBITDA by 594% to $71m (£53m)
- Mining operations scheduled to begin at Helios in May 2022
- Expect 5.5 EH/s of hashrate capacity by end of 2022
#ARB $ARBK
All my rich friends who make more than me are ecstatic @JoeBiden is paying off their student loans. They make $200K a year but sure let’s not means test it.