Put another way, $1,000 invested in dogecoin at the start of the year would be worth over $57,000, based on MarketWatch’s calculation of a starting price of 0.005405 cent for dogecoin and a roughly 31 cent trading price now.
Current state of the housing market
(from a cousin who is a broker) pic.twitter.com/J86Au8m0M0
— The Long View 🍥 (@HayekAndKeynes) April 22, 2021
— Lisa Abramowicz (@lisaabramowicz1) April 21, 2021
Larry Summers earlier today:
Fed doctrine had been "to take away the punch bowl before the party gets out of hand. What we've now said is — we're not going to do anything until we see a bunch of drunk people staggering around."
— Jeanna Smialek (@jeannasmialek) April 21, 2021
CREDIT SUISSE'S ARCHEGOS EXPOSURE GREW TO MORE THAN $20B: DJ
— zerohedge (@zerohedge) April 21, 2021
In short, the inflation that the Fed is convinced is supply-driven and thus – transitory – is in fact, shifting to the demand side, as consumer are just buying more. And prices hikes by the likes of P&G suggest that inflation is here to stay for a long time for one simple reason: once companies raise prices they never lower them again.
“I think we’re going to have to have a major correction in bitcoin,” Guggenheim Partners’ Scott Minerd told CNBC. However, he said he remains bullish long term.