Fed cutting into recession means trouble ahead.
Yield curve looks close to un-inverting. Steepening yield curve after being deeply inverted tends to be a precursor to recession.
Watch the balance sheet.
Unless some type, as Jerome put in 2019, “organic balance sheet expansion”ensues risk will not respond well.
Ep. 74 The Ukrainian government canceled elections and killed an American journalist. Congress is about send them another $60 billion. J.D. Vance is trying to stop it.
MicroStrategy Just Became a Bitcoin Company!
Big news from Michael Saylor!
@MicroStrategy is now a Bitcoin development company, similar to a real estate or petroleum developer.
What do you think? Why did MicroStrategy decide to do this? Do you think it's a good or bad idea?
Reply in the comments.
#Bitcoin #MicroStrategy
I was at Amzn early '00s when we lost 95% of our market cap. Later at FB I negotiated a down-round in '09, and then in '12 our stock dropped 50% post-IPO. I was on the board of a public company that went bankrupt (Borders) and a start-up that went under (Hello). Some lessons: