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Economy

In reply to the discussion: 📈 Pavel Durov's TON 📉 [View all]

bucolic_frolic

(48,392 posts)
1. Thank you for this post. The Fed needs to step up. Powell has done nothing on this.
Sun Aug 25, 2024, 09:53 AM
Aug 2024

All I know is every time Cathie Wood recommends the public buy some stock, it plummets 60% over the next 6-9 months. I mean look at the charts on PLTR, PATH, TDOC relative to articles in the financial press.

Crypto I won't try to comprehend. I know they burn electric and are safe transactions in process. But why there are different ones, and a limited supply of minted "coins", I have no idea. It's financial wizardry and accounting tricks. Double entry bookkeeping meets exponential money creation. Warren Buffet knows. Gimme a business with a tangible product and a balance sheet, and earnings, and growth. Don't need sorcery.

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