Mohamed A. El-Erian: Powell’s “transitory” error will require a rapid catch-up that could easily destabilize markets and the economy. It didn’t have to be this way

Powell's "transitory" error will require a rapid catch-up that could easily destabilize markets and the economy. It didn’t have to be this way, writes @elerianm https://t.co/nJuJsON5jv — Bloomberg Markets (@markets) December 1, 2021 Bulls, it's a good Omnicom day, enjoy while it lasts, the Fed is now reading Zerohedge. They'll return to the deflation paradigm … Read more

Calamity Jay Powell Ditches Transitory Inflation Tag, Paves Way for Rate Hike (Compare To Volcker’s Record)

by confoundedinterest17 Calamity Jay Powell is no longer mentioning “transitory” when it comes to inflation, but does Powell and the FOMC have the moxie to ACTUALLY raise rates more than a smidge?? (Bloomberg) — Team Transitory is throwing in the towel. In a clear sign that the Federal Reserve is shifting to tighter monetary policy, Jerome Powell — … Read more

The average energy consumption for one single Bitcoin transaction in 2021 could equal several hundreds of thousands of VISA card transactions.

by JR3000 Because crypto believers think crypto currency will revolutionize the financial industry (and because I’ve been having an argument with someone that came here to pick a fight and wanted to argue about energy consumption between crypto and fiat) it is important to understand just how much energy use a single crypto transaction uses. … Read more

French Presidential Candidate Eric Zemmour Goes Viral After Promising the French to Reverse Their Replacement by Immigrants

Captioned: The original viral video is below this video. Note: If you don’t see captions, click the [CC] button Note: If you don’t see captions, click the [CC] button Original Viral Video in French Transcript taken from the captioned video at the top of this thread. My dear compatriots For years, the same feeling has … Read more

Is A Stock Market Crash Like 2000 Possible?

By Michael Lebowitz Is A Stock Market Crash Like 2000 Possible? “Say say two thousand zero zero party over, oops, out of time So tonight I’m gonna party like it’s nineteen ninety-nine” -Prince 1999 Prince wrote the song “1999” in 1982, 18 years before the clock ran out on the 20th century and possibly the greatest stock … Read more

97% of all NFT transactions are done by 10% of traders Nature study finds.

https://www.nature.com/articles/s41598-021-00053-8#MOESM1 Shock horror, as we find out that the NFT market, like the crypto market, is just wash trading 101. Butters are dumb enough to not understand wash trading and throw money but what is the SEC/CFTC doing. Wash trading is a complete fabrication of a market. Everything from price, liquidity, volume, marketcap is manipulated … Read more