finance
/finance5153
Finance in all its forms 🌷
All of us here have been aware that credit defaults have been rising for a while. But the fact this is now a headline item in major news papers is a signal in itself.
Black Monday
Global Stock Markets Witness Historic Crash Today 🚨
Here’s how major markets performed:
🇭🇰 Hong Kong: -10.7%
🇹🇼 Taiwan: -9.6%
🇸🇬 Singapore: -7.8%
🇨🇳 China: -6.5%
🇯🇵 Japan: -6.1%
🇲🇾 Malaysia: -4.3%
🇦🇺 Australia: -4.2%
🇵🇭 Philippines: -4%
🇮🇳 India: -3.8%
🇳🇿 New Zealand: -3.6%
Global Stock Markets Witness Historic Crash Today 🚨
Here’s how major markets performed:
🇭🇰 Hong Kong: -10.7%
🇹🇼 Taiwan: -9.6%
🇸🇬 Singapore: -7.8%
🇨🇳 China: -6.5%
🇯🇵 Japan: -6.1%
🇲🇾 Malaysia: -4.3%
🇦🇺 Australia: -4.2%
🇵🇭 Philippines: -4%
🇮🇳 India: -3.8%
🇳🇿 New Zealand: -3.6%
On one hand, glad that this will make it easier for innovation and growth, possibly easier to integrate stablecoins into payments. On the other, who’s going to protect investors/consumers and who’s going to verify the reserves are real and liquid?
Doesn’t have to be the SEC but there’s gotta be something: https://www.sec.gov/newsroom/speeches-statements/statement-stablecoins-040425
Doesn’t have to be the SEC but there’s gotta be something: https://www.sec.gov/newsroom/speeches-statements/statement-stablecoins-040425
St Louis Fed finds ~4.3% of Americans own crypto.
So much opportunity still ahead!
https://www.stlouisfed.org/on-the-economy/2025/mar/cryptocurrency-ownership-us-households
So much opportunity still ahead!
https://www.stlouisfed.org/on-the-economy/2025/mar/cryptocurrency-ownership-us-households
Schiller has a slightly different take on how expensive public markets are right now.
TL;DR - it’s expensive, but not quite dotcom expensive
TL;DR - it’s expensive, but not quite dotcom expensive
Private markets’ illiquidity premium has historically driven investor appetite, but with new, earlier liquidity routes than IPO and unprecedented competition for assets, I expect the return profile will shift significantly.
Question is, where will money flow next in search of higher returns?
Supporting data in article:
https://www.reuters.com/business/finance/blackrock-hits-record-high-115-trillion-assets-market-rally-etf-boost-2024-10-11/
My bet: digital assets.
Question is, where will money flow next in search of higher returns?
Supporting data in article:
https://www.reuters.com/business/finance/blackrock-hits-record-high-115-trillion-assets-market-rally-etf-boost-2024-10-11/
My bet: digital assets.
This IMF report on global public debt is a crypto rallying cry.
I don’t see how this debt trajectory changes.
Mainstream crypto adoption is inevitable.
https://www.imf.org/en/Publications/FM/Issues/2024/10/23/fiscal-monitor-october-2024
I don’t see how this debt trajectory changes.
Mainstream crypto adoption is inevitable.
https://www.imf.org/en/Publications/FM/Issues/2024/10/23/fiscal-monitor-october-2024
I'm currently frustrated with the global monetary system.
If you want to convert someone to crypto, just have them try to pay someone internationally, from the United States. Then do it via Coinbase.
Let them see the difference.
It's a no-brainer.
If you want to convert someone to crypto, just have them try to pay someone internationally, from the United States. Then do it via Coinbase.
Let them see the difference.
It's a no-brainer.
PSA: if I don’t know you and you want to be a member of a channel I help mod, please share an answer to the below when you DC.
Let’s hold ourselves to a high standard and PoW; this isn’t CT.
🫡
Let’s hold ourselves to a high standard and PoW; this isn’t CT.
🫡
reality is adding crypto to a traditional portfolio has led to materially higher returns, and it’s done so on a risk adjusted basis
hard to fathom any “professional” taking an active stance against it at this point tbh
hard to fathom any “professional” taking an active stance against it at this point tbh
Even if there is a recession, it seems like a good time to get into crypto/bitcoin given that global M2 is going up and rates started to go down. We will see how it turns out but will keep watching!
India’s gold imports rose to $10.06 billion in August, a new all-time high.
This is the equivalent of 131 tonnes of gold, the 6th-highest monthly volume on record! 📈📈📈
This is the equivalent of 131 tonnes of gold, the 6th-highest monthly volume on record! 📈📈📈
The market is now pricing in a 50% chance of a US recession by June 2025.
The percentage has more than doubled over the last month and is up from just 10% in July
The percentage has more than doubled over the last month and is up from just 10% in July
Seems like the economy and the stock market might see a correction after elections. The storm is brewing. The economy is slowing down and even with rate cuts, it takes time for it to have an effect on the economy.
These cuts seem like a short boost into the stock market and may affect elections.
We will keep seeing companies missing earnings and maybe something breaks…. We will keep watching!
These cuts seem like a short boost into the stock market and may affect elections.
We will keep seeing companies missing earnings and maybe something breaks…. We will keep watching!
The most absurd number in the government reported CPI?
According to the US Government, the cost of health insurance has declined 31% over the last 2 years and 10% over the last 5 years.
When in reality, the average US family health insurance premium:
1999: $6k
2002: $8k
2005: $11k
2008: $13k
2011: $15k
2014: $17k
2017: $19k
2020: $21k
2023: $24k
According to the US Government, the cost of health insurance has declined 31% over the last 2 years and 10% over the last 5 years.
When in reality, the average US family health insurance premium:
1999: $6k
2002: $8k
2005: $11k
2008: $13k
2011: $15k
2014: $17k
2017: $19k
2020: $21k
2023: $24k
Supercore CPI rises 0.33%, biggest monthly increase since April. That caused the market to reduce the probability of 50bps rate cut odds down to 20%
Peter Schiff has some kooky views on crypto. Not surprising since it's hard to get someone to understand something if his salary depends on him not understanding it
But his takes on the fiscal situation are worth considering. Here's what he thinks about abolishing the Federal Reserve
But his takes on the fiscal situation are worth considering. Here's what he thinks about abolishing the Federal Reserve
Dollar General shares drop 26%, marking the steepest intraday decline in its history. The CEO says core customers are "financially constrained"
IMO everything will go down in Bitcoin. But given that debt is likely to increase, it is unlikely that real asset prices will go down in dollar terms
Today JPow confirmed the FED cut in September. This comes with inflation at 2.9%. Obviously that’s bullish for assets but the job market will not get better anytime soon
Can we get back to hard money like before 1914? I would love to see housing prices affordable again!
