/biz/ - Business & Finance

>At the end of 2022, the FDIC's reserve ratio was 1.27% of the total insured deposits.

That's quite the safety net you have there

>>58403847
>there are 1985 retards out there who read posts from a guy who spent his money on a brand new porsche at the pico bottom which value is known for deprecating at light speed and never bought back in with size because he thought BTC would go below $10k

>>52546637
Oh fuck

>>52466318
2 years ago on this day the price was $13.4

>>52211970
>gets a 1% bounce after the US markets closed
>bulls celeberate

>$40k: i have held this far and it's too late to sell now
>$30k: i have held this far and it's too late to sell now
>$20k: i have held this far and it's too late to sell now
>$15k: i have held this far and it's too late to sell now
>$10k: i have held this far and it's too late to sell now
>$6k: fuck it, i'm selling so i can end this pain and move on with my life

Who's ready for a circuit breakers?

>>51312199
I got fucked when I tried to use state assistance like 3 years ago - I applied and was approved and then they retroactively checked my elegibility when tax season came around and realized I wasn't a good goy with my application and I've been paying off a debt to the state ever since, so I'm apprehensive about trying to game the system again. What if I divorce my wife and the state realizes we still live together and considers us some sort of legal partners or something? Idk man it just seems way too risky.

>>51168818
>larp

>>51161418
>if this was a good stock smarter people than me would be buying right now
>if this was a bad stock smarter people than me would be selling right now
at least that's how it is for me. i keep missing great plays because i assume i am late to the party because there are a lot of people in the market who are way smarter than i am. i almost went all in on oil companies in december last year but thought big brained people had already figured it out and priced it in

It's a fucking saturday you useless morons, you could move the market with a welfare check with volume this thin

Crypto mining is going to be made illegal in most countries once the energy crisis really kicks into gear in a few months

There are people on this board RIGHT NOW who listened to the Powell speech and didnt open shorts

>>51064068
>wrong board
kys tourist

Have they really "tamed" Bitcoin? Are we just digital boomer rock collectors now?

>>50555801
holy fuck it literally dumps the second I buyed

I'm so poor that I sign up to exchanges for $50 sign-on bonuses (usually with a deposit of $200)

Bobros, I've been short for weeks but I'm unironically getting a little concerned about crypto crashing too hard and too fast. We're not even officially in a recession yet and the fed has barely begun raising rates and we're already at 20k. Imagine if this shit lasts for another 6 months or even a year. Sure, our shorts would print, but the chances of a recovery would dwindle

the scariest part is that the real inflation number is much higher than 8.6%. in america they report on inflation with the CPI (consumer price index) which is a basket of goods. they rebalance the basket by claiming that people tend to drive less for leisure, or substitute prime rib for chicken, or some other bullshit. this allows them to swap out more expensive products for cheaper products and manipulate the CPI basket downward.

but even the prices of individual products are manipulated. they perform quality or hedonic adjustments for proclaimed improvements of quality. a good example is cars. cars are getting more and more expensive but they adjust the price downward because a car from today has, for example, a touch screen infotainment system and an 8 speed automatic transmission. a car from yesterday might have a dumb radio and a 5 speed automatic transmission. they claim that the newer version of the car is a massive quality improvement, and so they can rightfully adjust the price downward to make it comparable on a $ to $ basis to the old car. in reality this is ridiculous. see pic related. the only measure of inflation that matters to the consumer is how much they pay at the cash register/sales counter for identical goods.

this sounds like schizophrenia but it's true. the BLS (bureau of labor statistics) talks about quality and hedonic adjustments on their own website. and they also talk about product substitutions within the basket. this is how you reconcile a 10% reported food inflation for april 2021 to april 2022 with witnessing firsthand, with proof of store receipts, the price of food going up 50% minimum in the same period of time.