CryptoAssets has benefited from a #FederalReserve negative rates era and riskier tolerant investors looking for that return,but with what the #Fed has instore with potential 3 intrestrate hikes in 2022 this might imply a shift #fedtighting#cryptocurrency#Bitcoin#ETH#NFTs
A Rumble In The Tech Jungle
$FB VS $AAPL Over user privacy and user ( small business) Ad Needs And $GOOGL sued by 38 States For Alleged Monopoly Conduct https://t.co/E9wXsfYnj6
Why bother with any taxes at all if Chair Powell is correct that there is no limit to expanding the Fed’s balance sheet? Implicit in his declaration is that the whole tax collection system is a royal waste of resources.
Consider this. Q1 GDP was -4.8%, 23% worse than expected. We now have -40% GDP on the table for Q2, which would be 3x worse than the greatest ever GDP drop of 12.9%. Yet, the markets couldn't even drop 40% from all-time highs & are only 13.7% from there now. #WealthInequality