ECB hiking into a recession
The ECB plans to halt QE and raise rates by 25 bps in July, just as they forecast more rapid economic contraction.
The ECB cannot dig more oil out of the ground or increase factory outputs to deal with supply chain disruptions. Thus, resorting to demand destruction when the economy needs investments to increase production.
One of implications of political money is that even when there is no economic rationale for gaming the money, political centers are forced to do something.
This move will accelerate credit contraction and increase financial constraints on the economic growth: read policy error, recession, and lay offs.
The ECB plans to halt QE and raise rates by 25 bps in July, just as they forecast more rapid economic contraction.
The ECB cannot dig more oil out of the ground or increase factory outputs to deal with supply chain disruptions. Thus, resorting to demand destruction when the economy needs investments to increase production.
One of implications of political money is that even when there is no economic rationale for gaming the money, political centers are forced to do something.
This move will accelerate credit contraction and increase financial constraints on the economic growth: read policy error, recession, and lay offs.
Bitguide
Inflation surprises again with another record 1.0% MoM > Exp. 0.7% 8.6% YoY > Exp. 8.3% In the parallel universe, the Fed is being restructured and centralized economic planning is tossed away.
Confirming the strong economic pivot, Michigan’s Consumer Sentiment Index plunged to 50.2, a record low as far as the data goes back
The index has been a great predictor of recessions
The index has been a great predictor of recessions
Bitguide
Inflation surprises again with another record 1.0% MoM > Exp. 0.7% 8.6% YoY > Exp. 8.3% In the parallel universe, the Fed is being restructured and centralized economic planning is tossed away.
Twitter
Sina 🗝️⚡ Bitguide.io
Asking rents were up over 30% in Cincinnati, Seattle, and Nashville and nearly 50% in Austin
DCA Reminder
This article is now more important than ever. DCA saves you when all models are broken. It’s the cure for volatile markets and high time-preference price guessing behavior. No one knows where the bottom is but #DCA ensures you will pick it up.
https://www.bitguide.io/post/dollar-cost-averaging-a-time-less-bitcoin-investment-strategy
@Bitguide
This article is now more important than ever. DCA saves you when all models are broken. It’s the cure for volatile markets and high time-preference price guessing behavior. No one knows where the bottom is but #DCA ensures you will pick it up.
https://www.bitguide.io/post/dollar-cost-averaging-a-time-less-bitcoin-investment-strategy
@Bitguide
❤3
Bitguide
ECB hiking into a recession The ECB plans to halt QE and raise rates by 25 bps in July, just as they forecast more rapid economic contraction. The ECB cannot dig more oil out of the ground or increase factory outputs to deal with supply chain disruptions.…
Coinbase cutting 18% of jobs or 1100 employees.
The layoff tide has hit criptoe shores hard
https://blog.coinbase.com/a-message-from-coinbase-ceo-and-cofounder-brian-armstrong-578d76eedb12
The layoff tide has hit criptoe shores hard
https://blog.coinbase.com/a-message-from-coinbase-ceo-and-cofounder-brian-armstrong-578d76eedb12
Medium
A message from Coinbase CEO and Cofounder, Brian Armstrong
By Brian Armstrong, CEO and Cofounder
🤯2
Will MicroStrategy get liquidated?
MicroStrategy has 115,109 bitcoin worth ~$2.5B
They have borrowed only $205M against it (and need to maintain a collaterial of $410M)
That is an 8% LTV
If bitcoin prices falls to $3,562, they will be called and then they can tap into other company assets as collateral
They have been very prudent with leverage
The speculation around Microstrategy margin calls are misinformed noise and reflect the highly emotional state of the market right now
@Bitguide
MicroStrategy has 115,109 bitcoin worth ~$2.5B
They have borrowed only $205M against it (and need to maintain a collaterial of $410M)
That is an 8% LTV
If bitcoin prices falls to $3,562, they will be called and then they can tap into other company assets as collateral
They have been very prudent with leverage
The speculation around Microstrategy margin calls are misinformed noise and reflect the highly emotional state of the market right now
@Bitguide
👍3