American
35,062 views
12 Posts
Hot
Latest
JUST IN: 🇺🇸 Over 20% of #American adults own #crypto and a majority see a need to update the financial system, #Coinbase survey reveals.
#crypto2023 #BTC
#crypto2023 #BTC
Although the overall situation of Bank of America is not optimistic, as Sober predicted before, the probability of raising interest rates is still around 5.5%.#crypto2023 #American
LIVE
Trading Heights
--
The FOMC doesn't see any rate cuts this year
The Fed just raised interest rates to a 16-year high, the 9th increase in ~1 year
Jerome Powell says more rate increases "may be appropriate" The FOMC doesn't see any rate cuts this year
I've worked 15 years in finance so let me explain what this means & 5 ways it affects you:
T.me/TradingHeights
A) This will slow economic activity as it increases rates for credit cards, adjustable-rate mortgages, and other loans.
B) Instability in the banking sector will lead to tighter credit conditions for households & businesses, affecting economic activity, hiring, and inflation.
C) The collapse of Silicon Valley & Signature banks will lead to conservative lending by mid-sized and small banks, potentially reducing business spending and making it harder for consumers to obtain loans.
D) This slowdown in lending will tip the economy into a recession.
1) Consumer spending: As borrowing becomes more expensive, consumers cut back on spending, particularly on big-ticket items like cars and homes. This reduced spending slows economic growth and leads to a recession if the decline in spending is widespread.
2) Borrowing costs: When interest rates rise, the cost of borrowing increases for both businesses & consumers. This leads to reduced spending on goods & services, as well as decreased investments by businesses. This slows economic growth and leads to a recession.
3) Asset prices: Rising rates can lead to declines in asset prices, such as stocks and real estate, as the cost of borrowing increases and the attractiveness of alternative investments grow.
This negatively impacts consumer & business confidence, leading to reduced spending.
4) Debt servicing: With higher interest rates, individuals and businesses with variable-rate loans face higher debt servicing costs. This can lead to financial stress, defaults, and bankruptcies, which can negatively impact the economy.
5) Recessions: Higher interest rates can cause a recession if they lead to widespread declines in consumer and business spending, investment, and confidence.
I predict slower economic growth in 2023, a “soft landing” is unlikely.
Jerome Powell says more rate increases "may be appropriate" The FOMC doesn't see any rate cuts this year
I've worked 15 years in finance so let me explain what this means & 5 ways it affects you:
T.me/TradingHeights
A) This will slow economic activity as it increases rates for credit cards, adjustable-rate mortgages, and other loans.
B) Instability in the banking sector will lead to tighter credit conditions for households & businesses, affecting economic activity, hiring, and inflation.
C) The collapse of Silicon Valley & Signature banks will lead to conservative lending by mid-sized and small banks, potentially reducing business spending and making it harder for consumers to obtain loans.
D) This slowdown in lending will tip the economy into a recession.
1) Consumer spending: As borrowing becomes more expensive, consumers cut back on spending, particularly on big-ticket items like cars and homes. This reduced spending slows economic growth and leads to a recession if the decline in spending is widespread.
2) Borrowing costs: When interest rates rise, the cost of borrowing increases for both businesses & consumers. This leads to reduced spending on goods & services, as well as decreased investments by businesses. This slows economic growth and leads to a recession.
3) Asset prices: Rising rates can lead to declines in asset prices, such as stocks and real estate, as the cost of borrowing increases and the attractiveness of alternative investments grow.
This negatively impacts consumer & business confidence, leading to reduced spending.
4) Debt servicing: With higher interest rates, individuals and businesses with variable-rate loans face higher debt servicing costs. This can lead to financial stress, defaults, and bankruptcies, which can negatively impact the economy.
5) Recessions: Higher interest rates can cause a recession if they lead to widespread declines in consumer and business spending, investment, and confidence.
I predict slower economic growth in 2023, a “soft landing” is unlikely.
NEW‼️ 🇺🇸 Over 20% of #American adults own #Bitcoin or crypto - Coinbase survey
We are just getting started... 🙌😎🙌
#BTC #crypto2023 #Binance
We are just getting started... 🙌😎🙌
#BTC #crypto2023 #Binance
#Bitcoin No Longer Correlated to U.S. Stocks, Crypto Analytics Firm Block Scholes Says.
The performance of Bitcoin ($BTC ) is no longer dependent on the mood of the #American stock markets.
The 90-day rolling correlation between movements in the spot price of bitcoin and those in the S&P 500, a more comprehensive index, as well as the tech-heavy #Nasdaq equities index on Wall Street, has decreased to almost zero. According to statistics monitored by crypto derivatives analytics company #BlockScholes, that is the lowest level in the last two years.
"It [the correlation] is now at the lowest level observed since July 2021, when BTC was between its twin peaks in April and November," wrote Andrew Melville, a research analyst at BlockScholes, in an email. #Cryptoniteuae
The performance of Bitcoin ($BTC ) is no longer dependent on the mood of the #American stock markets.
The 90-day rolling correlation between movements in the spot price of bitcoin and those in the S&P 500, a more comprehensive index, as well as the tech-heavy #Nasdaq equities index on Wall Street, has decreased to almost zero. According to statistics monitored by crypto derivatives analytics company #BlockScholes, that is the lowest level in the last two years.
"It [the correlation] is now at the lowest level observed since July 2021, when BTC was between its twin peaks in April and November," wrote Andrew Melville, a research analyst at BlockScholes, in an email. #Cryptoniteuae
#SamsonMow : #ElSalvador is the benchmark for global #Bitcoin #adoption
Samson Mow, again showed great optimism about El Salvador's position in the Bitcoin ecosystem. He also mentioned the Central #American country's role in pushing the idea of making Bitcoin a legal tender in the region.
As CEO of JAN3 and a recognized figure in the $BTC ecosystem, Mow endorsed El Salvador's role in promoting the use of Bitcoin.
Samson Mow, again showed great optimism about El Salvador's position in the Bitcoin ecosystem. He also mentioned the Central #American country's role in pushing the idea of making Bitcoin a legal tender in the region.
As CEO of JAN3 and a recognized figure in the $BTC ecosystem, Mow endorsed El Salvador's role in promoting the use of Bitcoin.
Just-In: Bank of #American Praises #Ripple's Cross-Border Payments!
Bank of America, one of the largest banks in the world, has praised Ripple's cross-border payment technology. In a recent podcast, Bank of America's Head of Global Banking, Julie Harris, said that Ripple's technology has the potential to "transform" the way cross-border payments are made.
#pepe #BTC #binance
$BTC $ADA
Bank of America, one of the largest banks in the world, has praised Ripple's cross-border payment technology. In a recent podcast, Bank of America's Head of Global Banking, Julie Harris, said that Ripple's technology has the potential to "transform" the way cross-border payments are made.
#pepe #BTC #binance
$BTC $ADA
**Title: Betrayal's Echo**
In the heart of New York, Mia and Nia ventured into the trading world, dreams ablaze. Nia, trusting and hopeful, fell prey to the deceptive allure of a fraudulent trader, leaving her dreams shattered. Mia, witnessing her friend's downfall, felt a surge of anguish and determination. With each loss, Nia's spirit crumbled, tears staining her once bright eyes. Mia, haunted by the echoes of betrayal, vowed to unveil the truth and restore Nia's faith. Through relentless pursuit, Mia uncovered the deceit, but the scars of betrayal ran deep. Yet, in the depths of despair, their friendship emerged unscathed, a beacon of hope amidst the darkness. Together, they rose from the ashes, stronger and wiser, their bond forged by the fires of adversity.#SouthAfrica #SouthKorea #northkorea #runeto60 #American
In the heart of New York, Mia and Nia ventured into the trading world, dreams ablaze. Nia, trusting and hopeful, fell prey to the deceptive allure of a fraudulent trader, leaving her dreams shattered. Mia, witnessing her friend's downfall, felt a surge of anguish and determination. With each loss, Nia's spirit crumbled, tears staining her once bright eyes. Mia, haunted by the echoes of betrayal, vowed to unveil the truth and restore Nia's faith. Through relentless pursuit, Mia uncovered the deceit, but the scars of betrayal ran deep. Yet, in the depths of despair, their friendship emerged unscathed, a beacon of hope amidst the darkness. Together, they rose from the ashes, stronger and wiser, their bond forged by the fires of adversity.#SouthAfrica #SouthKorea #northkorea #runeto60 #American
Elon Musk: Artificial intelligence will take our jobs
Evaluating the impact of artificial intelligence on professions, Musk said, "None of us will probably have a job." #Musk talked about how the transformation in business lines will occur.
#American technology billionaire Elon Musk made much-discussed statements about artificial intelligence. According to Musk, jobs are in danger.
Musk, the owner of Tesla and SpaceX, said that he thinks artificial intelligence will put people out of work. He also noted that this wasn't "entirely a bad thing."
Musk attended VivaTech, the technology conference held in Paris, France, via video conference.
"None of us will have a job"
In his speech here, Musk said, "None of us will probably have a job," and talked about a future in which jobs will be "optional."
"If you want to do something like a hobby, you can do it." Speaking as follows, Musk continued:
Otherwise, artificial intelligence and robots will provide the products and services you want. 'Universal high income' is essential for this scenario.
The capabilities of artificial intelligence have increased rapidly in the last few years. Artificial intelligence, which continues to spread, also causes concerns about how sectors and professions will transform.
His greatest hope and fear
#ElonMusk also openly expresses his concerns about artificial intelligence. In his speech on Thursday, he described this technology as his 'biggest fear'.
"My greatest hope is Mars." Musk said, "My biggest fear is artificial intelligence." he said.
Evaluating the impact of artificial intelligence on professions, Musk said, "None of us will probably have a job." #Musk talked about how the transformation in business lines will occur.
#American technology billionaire Elon Musk made much-discussed statements about artificial intelligence. According to Musk, jobs are in danger.
Musk, the owner of Tesla and SpaceX, said that he thinks artificial intelligence will put people out of work. He also noted that this wasn't "entirely a bad thing."
Musk attended VivaTech, the technology conference held in Paris, France, via video conference.
"None of us will have a job"
In his speech here, Musk said, "None of us will probably have a job," and talked about a future in which jobs will be "optional."
"If you want to do something like a hobby, you can do it." Speaking as follows, Musk continued:
Otherwise, artificial intelligence and robots will provide the products and services you want. 'Universal high income' is essential for this scenario.
The capabilities of artificial intelligence have increased rapidly in the last few years. Artificial intelligence, which continues to spread, also causes concerns about how sectors and professions will transform.
His greatest hope and fear
#ElonMusk also openly expresses his concerns about artificial intelligence. In his speech on Thursday, he described this technology as his 'biggest fear'.
"My greatest hope is Mars." Musk said, "My biggest fear is artificial intelligence." he said.
