BitcoinGirl.Club
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Activity: 2772
Merit: 2712
Farewell LEO: o_e_l_e_o
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March 23, 2020, 01:36:00 PM |
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Good afternoon WO! Observing @ $6,237 We are still over $6k
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John Abraham
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March 23, 2020, 01:37:58 PM |
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Infinite money printer go brrr. This is evidently good news for Bitcoin. LMFAO
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BitcoinGirl.Club
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Activity: 2772
Merit: 2712
Farewell LEO: o_e_l_e_o
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March 23, 2020, 01:48:38 PM |
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What's new with Trump again?
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Last of the V8s
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Activity: 1652
Merit: 4392
Be a bank
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March 23, 2020, 01:49:50 PM |
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He's single-handedly made the S&P go down since he started.
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Last of the V8s
Legendary
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Activity: 1652
Merit: 4392
Be a bank
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March 23, 2020, 02:04:37 PM |
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I missed this earlier, looks intriguing LN Markets is a Lightning Network application for derivatives trading Leverage your sats in a trust-minimized environment No email or registration, connect your funds instantly with your Lightning Wallet (Phoenix, Blue Wallet, Joule, etc.) This is just the beginning: the Lightning Network will be used as a settlement rail by all leading financial institutions
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psycodad
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Activity: 1604
Merit: 1564
精神分析的爸
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March 23, 2020, 02:06:22 PM |
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It could be worse, he could have sent the army to bring democracy to some far flung place. But on a serious note: I really wonder for how much longer the American people will let an obvious morbus pick patient run the show.
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Last of the V8s
Legendary
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Activity: 1652
Merit: 4392
Be a bank
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March 23, 2020, 02:11:37 PM |
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julian071
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March 23, 2020, 02:17:23 PM |
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Second day of less deaths and first day of less new infections here in The Netherlands. Hope we keep this up. We have no lock down yet, and going out on the motorcycle is truly amazing right now, hardly any traffic and hardly any cops. Will treasure this memory forever.
As a famous Dutch philosopher once said: "Every disadvantage has it's advantage (Elk voordeel heb zijn nadeel)".
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MERlT
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Activity: 162
Merit: 32
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March 23, 2020, 02:27:56 PM |
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He's single-handedly made the S&P go down since he started. Dow having it's worst month since 1931
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Arriemoller
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Activity: 2282
Merit: 1767
Cлaвa Укpaїнi!
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March 23, 2020, 02:29:39 PM |
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Phil_S
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Activity: 2091
Merit: 1461
We choose to go to the moon
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March 23, 2020, 02:34:04 PM |
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I really wonder for how much longer the American people will let an obvious morbus pick patient run the show. He's not exhibiting "personality change" nor "hostile social conduct towards family members". Biden has dementia for sure, so it's not like he's a better choice.
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psycodad
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Activity: 1604
Merit: 1564
精神分析的爸
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March 23, 2020, 02:34:58 PM |
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Second day of less deaths and first day of less new infections here in The Netherlands. Hope we keep this up. We have no lock down yet, and going out on the motorcycle is truly amazing right now, hardly any traffic and hardly any cops. Will treasure this memory forever.
As a famous Dutch philosopher once said: "Every disadvantage has it's advantage (Elk voordeel heb zijn nadeel)".
Just make sure you don't fall of the bike and possibly need medical assistance, that is exactly what this all is about. It's not only about not getting the bat flu bug only, it's generally about avoiding to need medical care right now. In best case for you, you take the bed from someone needing it, in worst case you don't get the treatment you'd get in regular times. I've been on racetracks when young (ages ago), I understand the fascination of having your knee on the tarmac at 200km/h totally - but still #StayAtHome and possibly save a fellow Dutch's life!
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Arriemoller
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Activity: 2282
Merit: 1767
Cлaвa Укpaїнi!
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March 23, 2020, 02:43:28 PM |
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Wrong formula. It's death/(death+cured). Which still doesn't look bad, in their case. Would you just stop it with your home made non sense bullshit formula already.
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Torque
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Activity: 3556
Merit: 5041
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March 23, 2020, 02:57:41 PM |
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Welp, it's over. The Japanification of the U.S. is now underway... https://www.cnbc.com/2020/03/23/fed-announces-a-slew-of-new-programs-to-help-markets-including-open-ended-asset-purchases.html" The Fed also will be moving for the first time into corporate bonds, purchasing the investment-grade securities in primary and secondary markets and through exchange-traded funds. The move comes in a space that has seen considerable turmoil since the crisis has intensified and market liquidity has been sapped." “Fed policy is shifting into a higher gear to try to help support the economy which looks like it is in freefall at the moment,” wrote Chris Rupkey, chief finacial economist at MUFG Union Bank. “ The central bank is shifting from being not just the lender of last resort, but now it is the buyer of last resort. Don’t ask how much they will buy, this is truly QE infinity.”
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julian071
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March 23, 2020, 03:12:16 PM |
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Welp, it's over. The Japanification of the U.S. is now underway... https://www.cnbc.com/2020/03/23/fed-announces-a-slew-of-new-programs-to-help-markets-including-open-ended-asset-purchases.html" The Fed also will be moving for the first time into corporate bonds, purchasing the investment-grade securities in primary and secondary markets and through exchange-traded funds. The move comes in a space that has seen considerable turmoil since the crisis has intensified and market liquidity has been sapped." “Fed policy is shifting into a higher gear to try to help support the economy which looks like it is in freefall at the moment,” wrote Chris Rupkey, chief finacial economist at MUFG Union Bank. “ The central bank is shifting from being not just the lender of last resort, but now it is the buyer of last resort. Don’t ask how much they will buy, this is truly QE infinity.” Great way to help the rich, just buy their stocks for a good price, and support the stock prices! Surely money well spent. I'm sure it will trickle down to the real economy one day. Edit, one thing tho , this kind of QE has proved to not do much for inflation. Most probably because the money does not trickle down to the real economy...
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Torque
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March 23, 2020, 03:16:16 PM |
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It will definitely trickle down to the real economy, just like it did 2009 - 2019.
During that time they managed to keep a lid on food prices, gas prices, and some services, but literally *everything else* skyrocketed: houses, student loans, new cars, new phones, utilities, phone bills, health insurance, etc. And that was all during a period of global deflation!
You can't have all those things skyrocketing while people's salaries remain stagnant over the same period. That's inflation (actually stagflation) and that's why people feel poorer and poorer over time.
It's going to be even worse over the next decade. MUCH worse.
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Cryptotourist
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March 23, 2020, 03:18:00 PM |
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It's going to be even worse over the next decade. MUCH worse.
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xyzzy099
Legendary
Online
Activity: 1062
Merit: 1041
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March 23, 2020, 03:43:31 PM |
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It will definitely trickle down to the real economy, just like it did 2009 - 2019.
During that time they managed to keep a lid on food prices, gas prices, and some services, but literally *everything else* skyrocketed: houses, student loans, new cars, new phones, utilities, phone bills, health insurance, etc. And that was all during a period of global deflation!
You can't have all those things skyrocketing while people's salaries remain stagnant over the same period. That's inflation (actually stagflation) and that's why people feel poorer and poorer over time.
It's going to be even worse over the next decade. MUCH worse.
I'm not sure it did trickle down... In the same bill where congress approved $800B+ in 'fiscal stimulus', they also approved a measure that allowed the fed to pay interest to banks on excess reserves. Until this time, banks naturally kept excess reserves as close to zero as possible; however, as soon as they started making money off them, reserves skyrocketed. In the graph below you can see that shortly after the 'fiscal stimulus', the excess reserves climbed to over $800B almost immediately. Coincidence? Maybe They continued to climb, and are still very high:
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Toxic2040
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Merit: 4141
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March 23, 2020, 03:46:03 PM |
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Second day of less deaths and first day of less new infections here in The Netherlands. Hope we keep this up. We have no lock down yet, and going out on the motorcycle is truly amazing right now, hardly any traffic and hardly any cops. Will treasure this memory forever.
As a famous Dutch philosopher once said: "Every disadvantage has it's advantage (Elk voordeel heb zijn nadeel)".
Just make sure you don't fall of the bike and possibly need medical assistance, that is exactly what this all is about. It's not only about not getting the bat flu bug only, it's generally about avoiding to need medical care right now. In best case for you, you take the bed from someone needing it, in worst case you don't get the treatment you'd get in regular times.I've been on racetracks when young (ages ago), I understand the fascination of having your knee on the tarmac at 200km/h totally - but still #StayAtHome and possibly save a fellow Dutch's life! This is the fact that many dont appreciate. Great advice. +1 WOsMerit
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