Search found 2372 matches
- Fri Nov 11, 2022 10:43 am
- Forum: Finance and Investments
- Topic: Financial topics
- Replies: 29813
- Views: 14759068
Re: Financial topics
So FTX.com was the second largest crypto exchange and has filed for chapter 11 bankruptcy. Seems it lost like $8 billion of customer money. Some spent on politics, yachts, land, etc. Now after this the SEC decides it should investigate. Bit late. Tide is going out. Will see who is swimming naked.
- Thu Nov 10, 2022 9:36 am
- Forum: Finance and Investments
- Topic: Financial topics
- Replies: 29813
- Views: 14759068
- Thu Nov 10, 2022 9:04 am
- Forum: Finance and Investments
- Topic: Financial topics
- Replies: 29813
- Views: 14759068
Re: Financial topics
Some CPI estimates: $MS: 8% $WFC: 8% $GS: 7.9% $CS: 7.8% BARCLAYS: 7.8% JEFFERIES: 7.9% BNP PARIBAS: 8% SOCIETE GENERALE: 8.1% STIFEL NICOLAUS: 7.8% $NMR: 7.8% $BAC: 7.8% HSBC: 7.9% $BMO: 8% Consensus: 7.9% Cleveland Fed: 8.1% https://www.clevelandfed.org/indicators-and-data/inflation-nowcasting
- Wed Nov 09, 2022 9:20 pm
- Forum: Finance and Investments
- Topic: Financial topics
- Replies: 29813
- Views: 14759068
Re: Financial topics
Today I started nibbling on Bitcoin. Probably it has more (down) to go, but the Bankman-Fried story is enough to get me started. I looked at the 1 year log chart for this one. If it makes a huge whipsaw up after the CPI report I'll probably get out, but the sentiment seems kind of extreme now. Long...
- Wed Nov 09, 2022 5:46 pm
- Forum: Finance and Investments
- Topic: Financial topics
- Replies: 29813
- Views: 14759068
Re: Financial topics
Has the next leg down (big one) begun? After the CPI comes out in the morning this might be more clear. This 2008 analog make it a reasonable guess though. Bitcoin is at $15,864 - it was $21,000 yesterday. So it might be indicating a crash. https://pbs.twimg.com/media/FhFNQtQWQAA-eCY?format=png&nam...
- Tue Nov 08, 2022 8:20 pm
- Forum: Finance and Investments
- Topic: Financial topics
- Replies: 29813
- Views: 14759068
Re: Financial topics
If the VIX keeps following 2008 we have excitement just ahead:
- Tue Nov 08, 2022 8:04 pm
- Forum: Finance and Investments
- Topic: Financial topics
- Replies: 29813
- Views: 14759068
Re: Financial topics
The consensus estimate for Thursday's CPI is 8%. My guess is that it is higher.
https://www.morningstar.com/articles/11 ... he-balance
https://www.morningstar.com/articles/11 ... he-balance
- Tue Nov 08, 2022 3:49 pm
- Forum: Finance and Investments
- Topic: Financial topics
- Replies: 29813
- Views: 14759068
Re: Financial topics
This guy with a name something like Sam Bankster Fraud had a token FTX that lost 83% of its value so far today: https://coinmarketcap.com/currencies/ftx-token/ Note during bear markets all sorts of fraud gets exposed that never comes to light during the bull markets. Think this is part of that patte...
- Tue Nov 08, 2022 10:53 am
- Forum: Finance and Investments
- Topic: Financial topics
- Replies: 29813
- Views: 14759068
Re: Financial topics
If you imagine the dollar getting hyperinflation and over some period becoming worthless, then the only remaining reserves many central banks will have will be gold. At that point the world currencies have gold backing. There will be some huge value changes before things stabilize but a dollar fail...
- Mon Nov 07, 2022 11:09 am
- Forum: Finance and Investments
- Topic: Financial topics
- Replies: 29813
- Views: 14759068
Re: Financial topics
The Bank does not envisage selling any of its gold holdings, rather if the gold revaluation reserve runs out it envisages the gold price increasing to create more revalauation reserves. This looks like it just might be step one of bringing gold back into the global monetary system? Any views? If yo...