JUST IN: ๐บ๐ธ๐ฒ President Trumps Truth Social's latest update allows subscribers to convert "Truth gems" into Cronos $CRO using @cryptocom's digital wallet infrastructure as part of its revamped rewards system.
If the Fed knew how bad the labor market truly was, it would have cut 25bps in March and another 25bps in June/July. There is every case to be made for a 50bps rate cut in Sept.
Tom Lee is raising $20B to buy Ethereum, the President of the United States has his net worth in digital tokens and is discussing sending out stimmies, money supply is increasing, debt is increasing, and the Federal reserve just removed their own leash (2% inflation target)
gm
@EpsilonTheory Economic historians will be returning to this speech for a very long time. Sad to watch a man's principles crumble in real time from political pressure.
@NYSoul2x@krugermacro such a short sighted view
ofc ripping higher right now
long term the real issues we face just got exacerbated 10x. more than ever need to full port assets or be crushed. at some point the lower (middle) class left so far behind things break systemically and is over for everyone
@KobeissiLetter 'Fed abandoning flexible average inflation targeting framework' - NO MORE 2% INFLATION TARGET. Start accepting the new reality, and a new target (e.g. 10% inflation YOY).
I don't think that my parents are gonna understand when I tell them that I'm rich again because an old man named Jerome bent over for another old man called Donald at an event called Jackson's Hole.