Industrial metal, the leading indicators of economic activity, getting hammered

Since March 2022

COPPER: -23%
IRON: -15%
ALUMINUM: -37%

cc: Jay & Janet
#Recession #Deflation
https://twitter.com/Sina_Bitguide/status/1541248730535534595

Credit Suisse Found Guilty for Money Laundering

The vast majority of money laundering is done via the regulated fiat rails. Yet, authorities are very worried about use of Bitcoin for illicit activity, despite Bitcoin’s publicly auditable ledger

Bitguide.io

Compass mining is failing

A nugget from the cofounder and CEO last year 😂

Mises’ Economic Calculation Problem Validated Over and Over Again

Jay Powell: We now understand how little we understand about inflation
Everyone was using the same wrong model for 40 years that did not take into account the supply side

Bitguide.io

Atlanta Fed now forecasts a -1% GDP growth for Q2 down from +0.3% just three days ago.

Q1 GDP was: -1.6%

#TheGreatUTurn

cc: Jay & Janet

“I know many of you love to have someone to look up to or to listen to for your hopium fix, but eventually they will let you down. The bigger the follower count, the more suspicious you should be. These idiots are paid to promote sketchy products. They don’t give a shit about you nor do they care when things go south.”
🔥🔥🔥

https://t.co/rxDq6gRxAW

The Eurodollar curve inversion deepens further

This large and substantial market is betting on the end of QT by the end of the year

What can we learn from Google Trends and FOMO cycles?

Here is a simple FOMO metric based on the spread b/w Google Trends Ranks for "Bitcoin" vs. "Cryptocurrency"

Interest in Bitcoin peaks first, then extends to "crypto" over time and creates a bubble.

When crypto interest catches up, we are at peak FOMO!

Another observation is the interest in crypto is not organic and rather a speculative reaction to Bitcoin price action. Which is why it makes for a great FOMO indicator.

https://twitter.com/Sina_Bitguide/status/1543692624955162624

Bitguide.io