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

$DXY to the moon, breaking 106!
This is BAD for everyone and every asset

We had a @Bitguide_io podcast episode lately together with @rkbtc on what such spikes in DXY entail

https://podcasts.apple.com/us/podcast/bg-10-dollar-shortage-and-fiat-fragility/id1623073936?i=1000563366638

https://twitter.com/sina_bitguide/status/1544291239268388864

New Course Release !!! 🥳📗🧠😎

We just released ECON 02 - The History of Money I taught by Sina which reviews the evolution of various forms of money throughout the history.

Brief Denoscription: In this course, we discuss the history of money all the way from primitive forms such as livestock to modern precious metal coinage and review the monetary evolution story over the millennia.

You are welcome to join as of now.

If you have not already, take ECON 01 - What is Money first as the prerequisite.

Spread the word!

Bitguide | The Open Bitcoin University

A collection of history devoted to Nic
https://twitter.com/Sina_Bitguide/status/1544773325263609856

https://twitter.com/gainzfeldt/status/1545050604518551552 😅

Every major economic crisis has left a permanent mark. While authorities in charge would like to claim “recovery” we actually have not recovered from 2008 or 2020 either.