Credit deflation and the reflation cycle to come (part 2)

[nirvana]

Silver crashed a dollar on that Yellen news!!! Just when the fooker was breaking over 27 bucks too...I'm sure these cnuts do it deliberately

BUY USD now???

[nirvana]

DAVE SAYS the market is about to take off again.......

Now is he the messiah or is he just a very naughty boy? 

 

[DurhamBorn]

I told you they would shock the market and maybe go for rate increases while still printing to support government fiscal spending. ,nobody mentioned that anywhere or even crossed their minds ,yet us basement dwellers know 

Look at the markets today,look at the FTSE,biggest risers,oil,telcos,tobacco while NASDAQ gets whacked ,this is a money supply fiscal injection recovery direct into the economy as we always said,and the Fed is surely thinking now it needs to keep the fiscal going,but tighten through rates.

[nirvana]

3 minutes ago, DurhamBorn said:

I told you they would shock the market

yeah it'll defo need a shock after suffering a heart attack if rates rise!!! Still can't see it happening myself......they'll reverse decision after a massive market crash.....then all the FED members will get a massoof payoff from their Wall St paymasters 

[DurhamBorn]

Just now, nirvana said:

yeah it'll defo need a shock after suffering a heart attack if rates rise!!! Still can't see it happening myself......they'll reverse decision after a massive market crash.....then all the FED members will get a massoof payoff from their Wall St paymasters 

The fact is they are thinking about it though.They need to keep fiscal pumping going while at the same time trying to hold inflation in the 3% zone,this is about real rates ,i think they are aiming for 2% negative.Huge risk for the Fed now,if that liquidity enters the economy at once big inflation.

[Castlevania]

22 minutes ago, Cattle Prod said:

Whatever are they going to going to panic about now?

 

They can go back to their favourites of Climate change and White supremacy

 

 

[planit]

@Cattle Prod

I have been watching that every day and agree, today looks like it might end on ~355k so flat on the figure 7 days ago. 

From there we only need another day around the same level for the 7 day average to start turning down.

This is an earlier peak than everyone is expecting and I also hope for a faster drop.

The deaths peaking at the same time as cases is interesting but it would be a good bonus if deaths start falling too.

 

World cases have also rolled over and with India falling the decline should accelerate. Markets should be very happy about this and Europe (inc UK) all talking about summer flights this week.

 

[nirvana]

India is so bad some of the poor fookers are dying twice!

 

[Lightscribe]

Quick crypto update, LINK now on the bull run, on the way to $50. ETH 2.0 now looks like it’s ascertaining it’s dominance going forward to all the rivals negating gas fees etc. Big things are coming in combination with Chainlink. 

https://medium.com/offchainlabs/scalable-low-cost-computation-of-ethereum-smart-contracts-using-arbitrum-on-the-chainlink-8985c6542d4e

[Majorpain]

2 hours ago, DurhamBorn said:

The fact is they are thinking about it though.They need to keep fiscal pumping going while at the same time trying to hold inflation in the 3% zone,this is about real rates ,i think they are aiming for 2% negative.Huge risk for the Fed now,if that liquidity enters the economy at once big inflation.

I'm interested to see if they can actually do anything to control it, a lot of the inflation is cost push off the commodity prices, not just demand pull consumer side.  If you couple that with the unprecedented scenario of the past year, high household savings and lockdown there is no guarantee that the average person is not going to spending a lot of time and money enjoying life to the full over the summer.

[Barnsey]

Yellen knows exactly what to say and when, nuff said.

Here at home:

 

[DurhamBorn]

36 minutes ago, Majorpain said:

I'm interested to see if they can actually do anything to control it, a lot of the inflation is cost push off the commodity prices, not just demand pull consumer side.  If you couple that with the unprecedented scenario of the past year, high household savings and lockdown there is no guarantee that the average person is not going to spending a lot of time and money enjoying life to the full over the summer.

I dont think they can,but they need to look like they are trying,like you say we are seeing huge cost push inflation.A crank up means everyone else will push to keep up.

[Loki]

Hunter is a savage, I just spat Peroni everywhere 

 

 

[Tingles]

Regarding the tokenisation of stocks (and other assets such as real estate), Binance is now offering 'stock tokens' for COIN, TSLA, MSTR, MSFT AND AAPL.  Interesting times continue.

[23rdian]

5 minutes ago, Tingles said:

Regarding the tokenisation of stocks (and other assets such as real estate), Binance is now offering 'stock tokens' for COIN, TSLA, MSTR, MSFT AND AAPL.  Interesting times continue.

Anyone else feel they just can't keep up with this coin stuff now? 

[Loki]

10 minutes ago, 23rdian said:

Anyone else feel they just can't keep up with this coin stuff now? 

My Dad asked me about dogecoin earlier

[Tingles]

16 minutes ago, 23rdian said:

Anyone else feel they just can't keep up with this coin stuff now? 

Think less 'coin stuff' and more how blockchain, smart contract and tokenisation technologies will affect participation, purchase/sell and storage in financial markets.  Maybe also consider how these technologies may relate to future wealth preservation and growth.

[23rdian]

Just now, Tingles said:

Think less 'coin stuff' and more how blockchain, smart contract and tokenisation technologies will affect participation, purchase/sell and storage in financial markets.  Maybe also consider how these technologies may relate to future wealth preservation and growth.

I think I'm just nostalgic for the early days, not been the same since that ETH came along for me.

[Lightscribe]

1 hour ago, 23rdian said:

I think I'm just nostalgic for the early days, not been the same since that ETH came along for me.

People will be nostalgic for a lot more going forwards. This is a one way train and people will start to realise we’re not in Kansas anymore.

[Lightscribe]

https://edition.cnn.com/2021/05/04/economy/manufacturing-jobs-economy/index.html
 

People have realised how much they can get on welfare/stimulus and the Emperor’s new clothes have been exposed.  

How many factories/businesses will be able to afford the the increase in the cost of labour? Some will be able to pass it on to the consumer, many (like in the service industry) will go under combined with the post pandemic losses. 

[Lightscribe]

8 hours ago, Loki said:

Hunter is a savage, I just spat Peroni everywhere 

 

 

https://news.bitcoin.com/70b-meme-coin-dogecoin-skyrockets-half-dollar-doge-eats-into-btc-dominance/

I’m wondering if David Hunter has missed the mark on the melt up.

The SP500 not liking the Yellens interest rate comments yesterday. As more weight confirms direction to interest rate hikes going into next year, maybe this is the SP500 top?

With the likes of DOGE now at a higher market cap than Santander and Nintendo, crypto has seen the melt up from retail investors instead....

[Wahoo]

70% of Doge is owned by 69 addresses.   It was created as a joke.

These 69 individuals will dump the coin and thousands of new investors will get seriously burnt.

It will give regulators the excuse they need to impose draconian regulation on the industry....a reason for a massive confrontation between banks, Govts and crypto.

Musk is irresponsible tweeting this shit. 

[Noallegiance]

1 hour ago, Lightscribe said:

https://news.bitcoin.com/70b-meme-coin-dogecoin-skyrockets-half-dollar-doge-eats-into-btc-dominance/

I’m wondering if David Hunter has missed the mark on the melt up.

The SP500 not liking the Yellens interest rate comments yesterday. As more weight confirms direction to interest rate hikes going into next year, maybe this is the SP500 top?

With the likes of DOGE now at a higher market cap than Santander and Nintendo, crypto has seen the melt up from retail investors instead....

As I'm getting older, the feeling I have is that the boat being missed is the old head who has seen multiple technologies arrive that are 'game-changers' that old people 'don't get'.

Until the endless belt of electronic nothingness is proven to better than everything that's gone before through multiple economic environments, I'm sticking with the people who've seen it all before.

I can't shake the feeling that the crowd ushering in marvelous new tech are cheering the demise of financial freedom. The people who were on charge 300 years ago areal still in charge and even harder to remove than ever. That's not an accident.

[Lightscribe]

7 minutes ago, Wahoo said:

70% of Doge is owned by 69 addresses.   It was created as a joke.

These 69 individuals will dump the coin and thousands of new investors will get seriously burnt.

It will give regulators the excuse they need to impose draconian regulation on the industry....a reason for a massive confrontation between banks, Govts and crypto.

Musk is irresponsible tweeting this shit. 

Yes I’m fully aware. With one massive wallet doing tiny transactions recently in line with Musks date of birth...

Exactly that. DOGE is the ‘fall guy’ crypto and has been ‘allowed’ to get to these ridiculous levels. Regulation can be brought in to ‘save’ investors from themselves and the stability of smaller world currencies.

Crypto will see a massive crash with the stock market in the BK. But it’s what comes out the other side that matters. Crypto technology and the framework is integral to the 4th industrial revolution. The ‘approved’ and regulated will be allowed to survive, hence the ISO 20022 compliance. Cough *LINK* cough

 

[Lightscribe]

11 minutes ago, Cattle Prod said:

It's already melted up, Hunter is just saying he thinks there is more to go. He called one of the greatest one year stock market rallies of all time from March last year, I believe alone. He's already revised his target up a number of times, his 3500 and 4000 targets have been passed and we are within a few % of his 4500 call. Incredible. And he did this on a macro roadmap. 

I agree a stupid amount of money has gone into crypto, but who is to say that won't burst first, with the money running into stocks, gold etc?

I suspect Musk is one we will find was swimming naked when the tide goes out, though I hope SpaceX survives.

Yes no doubt about all of that. What I was referring to however was the ‘final’ melt up that signals the BK event afterwards. To me it feels as though the top is in.