Fast Recap:
Bitcoin down 15.74% - 51,593
Nasdaq down 3.33%
S&P500 down 3.66%
Japan's Nikkei 225 down over 12% in its biggest-ever daily loss
Monero down 5.71% - $144.53
US jobs report was weak on friday:
The US economy added just 114,000 jobs in July, the Bureau of Labor Statistics reported Friday.
Economists had been expecting slower monthly growth, with around 175,000 jobs added and an unemployment rate that remains at 4.1%
Mainstream Propaganda Outlets:
Fed waited to too long to cut rates
Alternative Media:
Bubble is collapsing, the Fed will never be able to maintain normal rates again.
What's Nostr think,
Buy the Dip today, or wait?
You already known the answer 😏
always consider allways/ no fear,peace frens!
The FED will have to kill some to get some. Maybe they will just raise the target inflation rate.