Crypto kneejerked down with futures when the Lisa Cook news came out. Expect crypto to dramatically diverge from (outperform) US equity futures over the next 24h.

Jerome Powell is the Tony Fauci of monetary policy.

I’ll get laughed at for this, but I think Trump taking over the Fed, even if S/T dollar bearish (foreign investors worried about Erdoganization), is the only way to save the institution in the long run. The Fed under Powell has been an absolute disgrace, a mush of illogic. CPI.

Chat why is crypto not exploding rn? (In USD terms).

am i the only one who, while generally getting good value out of my AI subscriptions, finds AI image-prompting extremely frustrating.

It’s funny to see people confusing ETH DAT hype with anything good going on with the network. ETH DATs are just a way for Peter Thiel to lend his name to the crypto bubble and get ~7% stakes in billions of dollars of ETH, for literally nothing.

There’s a cogent bear case on ETH but this isn’t it. Bear case around ETH = no fee base to sustain valuation after DAT hype fades, thus turning ETH into another ATOM. ETH never held SoV premium during prior bear markets. No reason to think this time will be different.

Did Trump / WLFI just renege on this deal? (As usual will delete if wrong).

Can someone explain to me like I’m 5, how ETH is not a super-Lindy version of ATOM?.

Shuang-gui is like house arrest/interrogation by the Beijing govt in politically sensitive contexts. Kind of like what CZ was put thru when he was dealing with the Biden DOJ in the US 😂.

China Renaissance is like the CZ of Chinese tech investment banks. Its founder Bao Fan was a Jack Ma-tier OG whom Xi Jinping “shuang’gui”ed because he was such a gigachad. Much bigger deal than 99% of the bullshit DAT announcements recently.

All of Powell’s journalist toadies are working overtime trying to explain how this was akshually hawkish. 😂. It’s been an open secret that the Fed micromanages coverage via access ever since the Bernanke years. Credibility, once lost, is incalculably harder to regain. Applies to.

Did not see this being Powell’s swan song tbh.

Useless prediction:. We will get lots of “clarifications” from individual Fed govs and @NickTimiraos over the next 48 hours saying nooo, the 2% inflation target still matters, it was totes-magotes misinterpreted . Boomer clown car. Worst Fed, and worst Fed governor, of my.

Equities: peak PE, peak P/eFCF, peak everything.CPI: 2.9%.PPI: blowing out.Employment: maxed out.Inflation expectations: ripping. Powell: “risks are balanced” (removes 2% inflation tgt). Boomer audience: *applauds*. Burn it all down.

Congrats to Solana (a chain I actually like) for launching YZY: *yet another* -70% celebcoin, thus onboarding 10k new users and offboarding 9,995 users at a painful loss. ETH has made so many mistakes it’s disgusting. But their disdain for extractionmaxxing wasn’t one of them.

What happened to WhiteWhale on HL?. Did he rename his acct or actually fall off the leaderboard?.

This doesn’t sound very dovish to me

Profoundly stupid, uninformed shit is being piped straight into the administration’s veins in a way that will be ruinous to the Nov24 coalition. The stuff being spouted here isn’t just coalition poison, it’s also a disaster for US intellectual capital and business efficiency.