"Pretty Toxic" is an eye-opening film that exposes the shocking lack of regulation in the cosmetics and personal care products industry, along with the potential health consequences for consumers.
https://youtu.be/9UNhM5klNa0
Tariffs may not be inflationary in the strict monetary sense, in that they don’t increase the money supply. But they do increase prices. Producers always pass price increases on to consumers. It will be no different this time around.
The ₿itcoin dominance is currently 55.71% after seeing a decrease of 0.10% in the last 24 hours. ₿itcoin's market capitalization is currently 1.33T. Down 2.26% in the last 24 hours.
For sure. He asked what I meant by that and since he asked, I know he was listening so explaining my methods was not just going to be a waste of time. He liked my process as it’s all data driven, not emotion driven. I let the data tell me what to do.
People are more excited about taking risk in the stock market than they were in late 2021, just before the S&P 500 Index lost 25% of its value and the Nasdaq fell 36%. They're more excited about the riskiest bonds in the market than they've been since 2003, even though a greater percentage of the companies issuing them are losing money than any time since the mid-1990s (except for early 2021). At the same time, gold is hitting new highs and Bitcoin is close to it's all time high. What they're all so excited about? It's not that hard to figure out.
Central banks around the world are cutting rates. Last month, they did it 21 different times, the highest number since March 2020 – when pandemic lockdowns shut down the entire global economy. So everyone figures that they should just buy everything and anything. It's risky though because through the history of rate-cutting cycles, its often that this is accompanied by recessions and bear markets. They think they're buying a "sure thing," but they're really getting high on speculation and risk-taking. They think risk assets are safer, but they're not. They're riskier than ever. I am holding more cash and Bitcoin than usual in risky times like this. This sets me up for a wide range of outcomes.
The prediction/betting markets broke massively for Trump this week. Polymarket, the largest betting market, has Trump at 60% and Harris at 40%. It also has Trump with more than ten point leads in Michigan, Wisconsin, Pennsylvania, and Georgia. Other, smaller betting markets are showing the same big swing. Betting markets are real people making bets with real money. By definition, this means that only people with money, who believe they understand what’s going on in the world, are making the market. Do those people really know more? Does anybody really know anything? And with early voting and mail in ballots, a lot of the vote may already be in.
I grapple with the feeling that I don’t have a huge stack of ₿itcoin but I do have a huge stack of sats. For others if you are in the same boat, we are going to be just fine. Stack and save ✨⚡️✨
Great job!!! I have a goal and I had it achieved 4 years ago but then I lost it (my own fault, thinking I was smarter than ₿itcoin) I reset that goal and I stack some every day with DCA’ing. I will be a miracle to get back to where I was but I love trying and staying focused and positive. It’s really fun, full of amazing people and it’s my passion. Onwards and upwards.
Oddbean new post about login | logout
Notes by mattaroo | export