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Discussion in 'West Mall' started by AustinHorn24, Apr 1, 2020.
Watch this clip of Judy Shelton from CNN. She's got my vote!
It's a sexy idea but I dont know if its actually possible
It's possible. The regime we are under now is the exception not the rule.
Judy Shelton quote from this video:
“We need another Bretton Woods, or at least we need to be thinking in terms of a neutral reference point, a global unit of account. Something like a gold standard, updated to reflect a digital world and fast moving financial flows.”
Bad, really bad (answering the OP’s question).
Job gains over the last five months have exceeded almost all expectations
Biden wants to shut it all down again
More lockdowns would kill the economy and lead to even more deaths than corona was responsible for.
I don’t mean any disrespect but these Gov statistics are a steaming pile of *********.
real inflation index
Alternate Unemployment Charts
real unemployment rate
DYOR. Don’t let the Government statistics lie to you. They ARE NOT telling the real truth. Just prodding to dig deeper. Of course they don’t want you to know actual unemployment and inflation rates. They’re voted in. Referring to Politicians.
Danaher dont care
This homebuilder ETF fell over half, but up 130% since
My REIT fund has started moving up. Recall I predicted that once therapeutics and vaccines are available, real estate will recover
I dunno. Commercial RE looks iffy to me.
I got out of my REIT for that reason. Got into transportation funds instead. It's the airlines, etc that will bounce back after pandemic fear porn subsides, if you ask me.
Lyn Alden the best or in the top 3 Macro Economic Analysts spoke at a Real Vision conference last week. I saw it on Real Vision later. She said Airlines, Oil Companies on the cheap are real value right now. Buy what nobody wants right now, cheap cheap. It will come back. Bitcoin was her top growth pick followed by Gold and Silver. She mentioned TIPS for people on a shorter time horizon. More conservative. I would add Fine Art to the list for high growth returns. All the great Macro Investors are very long Bitcoin.
Retail sales are now basically back on their pre-covid trend
Looks like a V
Oh and Bitcoin is decoupling from stocks right now and saying Ciao!!
"Pickup truck sales ... just hit an all-time high in September. Pickup trucks mean work. Hispanics are heavily involved in the kinds of trades that use pickup trucks."
-- Steve Cortes
I dont know if this translates where you live, but it definitely translates where I live now. Meaning = pickup truck sales are an indicator of Latino support for Trump.
ATL Fed now predicts 3Q 2020 GDP of 36.2%
MicroStrategy's Bitcoin Gains Now Exceeds its 3.5 Year Earnings as a Company
Two months down the line, MicroStrategy’s decision to add $425 million in bitcoin as part of its treasury reserve assets is already paying off big time.
With Bitcoin currently pushing for a $13,500 price at the time of writing, MicroStrategy’s 38,250 BTC haul acquired at an average price of $11,111.11 is now worth $525.5 million. That represents a $100 million gain within the space of two months since it was only in August that MicroStrategy first announced it was going to buy Bitcoin.
But there is yet another twist to MicroStrategy’s bitcoin investment. Verified information shared by a Twitter user, Kevin Rooke shows that MicroStrategy’s profit on their Bitcoin investment has now surpassed the company’s earnings in the last three and a half-year of operation up to the second quarter of 2020.
MicroStrategy, founded in 1989 and led since then by Michael Saylor primarily provides business intelligence, cloud-based, and mobile software services.
Corporations Now Joining the Bitcoin Party
Speculators expected MicroStrategy’s brave bitcoin move to create a situation where corporate organizations will convincingly add Bitcoin as part of their reserve assets.
So far, that expectation has yielded fair results with Square, Mode, and Snappa all putting a significant portion of their cash reserves into Bitcoin.
BitcoinTreasures.org reports that corporations now hold 786,059 BTC or 3.74% of bitcoins circulating supply. The amount would equal $10.7 billion at today’s price and could increase significantly if competitors ever begin to envy MicroStrategy’s current gains.
Sam: Bill, why did you buy Bitcoin?
Bill: Well, Bob bought a lot of it so it must be good!
Came in at 33.1
Which I think its the fastest recovery on record
YOY change in RGDP