I am fully aware of what the FED does. I have a degree in Economics and I have made my living for the past 14 years trading news and economic events. I was simply responding to the poster who said he had problems dealing with the FED, by stating that I have never personally know anyone who had to deal with the FED. It's like the White House; they have a profound influence on ours lives, but very few of us personally have dealt with them. BTW the first FED mandate is for MAXIMUM employment, not FULL employment; and you failed to mention the third mandate - Moderate long term interest rates.
Pancakeswap and GMX perp futures are dex or semi-dex The amount of leverage you can do with a $5K crypto asset collateral is quite nice You're sharing great info but many ET'ers are choosing to ignore it. Thank you for continuing to do it, anyway I remember you posted about DeFi yield farming before DeFi summer which got me to look into it and I became very active and found many opportunities I'm a hodler, but to your point above, I find that there might be opportunities I've ignored during the fomo euphoric times of the bull market. I'm certain it was the correct choice for me But now during a crypto winter where many cryptos are bouncing back and forth in a predictable trading range, I think it's dumb to ignore opportunities (price entries) that can take place any time any day 24/7 Execution is instant, liquidity is very good (for the size I'm interested in) and fees are minimal
REMEMBER MY WORDS Crypto Market is ready to fly again . Those have holdings of worthy coins are goona see miracle very soon.
You may be right about a miracle... to save Biden's wrekt economy now, will be needing a miracle I fear.
Tracing back to the source Chainalysis offers cryptocurrency investigation and compliance solutions to global law enforcement agencies, regulators, and businesses as they work together to fight illicit cryptocurrency activity
To be honest, I almost do feel bad for the FED. I don't think they are stupid and are fully aware of what they are doing. But they have to think many steps ahead, and are at the mercy of what stupid congress expects. The issue is that they aren't nearly as independent as should be the case. They want to fight inflation, but then congress keeps spending money. The inflation thing is interesting because inflation really hadn't shown up until finally this year, so ever since 2008, they were getting away with money printing. And I also learned that deflation is a much bigger fear which is just as hard to control. Much of this inflation right now is a supply issue, and how do you expect the FED to fix that? Their tools are extremely limited. What was needed was to bring manufacturing back years ago so that we weren't all so dependent on globalization. Lets not forget that inflation really only started hitting hard in the spring, right around the Ukraine invasion. And of course now, they really are between a rock and hard place. The economy would work much better without the FED, but if that's the system we have, they have to do whatever they can. So when you give them a stupid mandate that is limited, and you give them tons of outside pressure to get a job done in a certain way vs. what they know they should do if there was no outside interference, its no wonder that its all messed up.
Why should we, Mr. 20 Posts Wonder? How often did you call crypto tops or bottoms like me? I didn't think so... Going back to the topic of the thread: A beta test solution in search of a legal usecase.
Don't feel bad for the Fed folks, they have caused a lot pain and suffering to hundreds of millions of people worldwide with their monetary policy f*ck ups And not a single one of them suffered any consequences, in fact they all got paid $$$ and made $$$ off the trades, which they are no longer allowed to do so now they sold everything at the top at the end of last year and Jerome said there will be pain for everyone, but not them Fed president Bullard was snickering like a little girl when put on the spot by CNBC Lisman about their mistakes on transitory inflation on CNBC a couple of weeks ago Kashkari said he's happy about the market reaction last Friday to Jerome's speech. $1.3 Trillion of value lost from US stock market investors and he's happy NY Fed president Mary said on an interview a few weeks ago that inflation doesn't really affect her since she makes $400K a year. Let them eat cake ------- Don't feel bad for the Fed people. A guillotine is more appropriate for these assh*les and bitch*s
You're of course right, and I do see it the same way as well, but a part of me is still not that surprised. When there are no consequences for your bad actions, and you're given the script of what needs to be done, you almost have to follow the instructions. Its up to government to change the rules, to enforce independence, and to perhaps ensure they take some accountability and responsibility and even repercussion's for a badly done job. I guess what I'm saying is that if you design a system that promotes this type of behavior, its no surprise when you get exactly this. In other countries, when you go against the regime, you end up dead. Clearly that won't happen in the US to this extent, but there really are no incentives to do good, only to keep your job. Changing the system to take away these crooked incentives is how to change things, and I'm hopeful that fixing the money with Bitcoin will fix everything else. I saw a brief documentary on Powell, and he is actually a smart guy that comes from the private sector, and debt restructuring specifically if I recall. He made a boat load of money and I think he clearly understand business and finance well. For years he had Trump publicly berating him, but he kept his cool. When people claim the FED doesn't know what they are doing, we have to first figure out what their true goal is. Clearly, if you help the little guy, it has to come from somewhere. If you give tax cuts to the rich, (ala trickle down economics), you are actually screwing the little guy. My point is that there is no course of action that can be seen as beneficial for all, or even most. In conclusion, its not so much that the FED is stupid and is doing a horrible job, but rather, why is the FED even at the wheel, driving this economy, when the economy would do much better with prices and signals set by the market? I don't want any official having the power to increase or decrease rates based on trying to achieve some goal which will help some and hurt others. Rates should be set by the market with regards to supply and demand and liquidity. Much like we don't want officials printing up magical money, we also don't want them magically changing rates, as if they have the power to all of a sudden create or destroy jobs, or speed up and slow down the economy at the flip of a switch. The anger shouldn't be placed at the FED officials (although they clearly are dishonest pieces of shit), but rather, it should be placed at how the system allows for this random manipulation of key variables that give officials too much power to manipulate.