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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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57272393 No.57272393 [Reply] [Original]

The omen for this disaster was the biblical sight of Jews escaping the sewers, which brings to mind the old adage of "rats fleeing the sinking ship".

Companies doing rounds of layoffs in a bid to stay afloat.
Refs:
>>57270838
>>57269924
https://twitter.com/WallStreetSilv/status/1745792748521656370
https://twitter.com/Perpetualmaniac/status/1745351182846198186
https://twitter.com/petergyang/status/1745833944384507968

Inflation refuses to go down:
https://www.ft.com/content/368c3193-043c-4fef-95a5-751bce4e0699
Worth noting that on truflation it's been unable to break 2% but seems to be on the cusp of getting there. However, even that just means that demand has shrunk therefore another recessionary signal.
https://truflation.com/#US%20Inflation%20Rate

What are you doing to prepare? Bitcoin will be a life buoy for many individuals IN THE (short)MEDIUM/LONG-TERM; how will it do in the short-term (next 6 months)?

>> No.57272402

>>57272393
that's literally me wtf

>> No.57272419
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57272419

>>57272393
>The omen for this disaster was the biblical sight of Jews escaping the sewers

every fucking time

>> No.57272433

>>57272393
>he forgot that Yellen is going to deficit spend to 20% GDP to maintain a number go up economy
STOP BEING RATIONAL, MARKETS ARE WORSHIPPING ANIMAL SPIRITS.
ur welcum newfag.

>> No.57272531
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57272531

>>57272433
We've seen Bitcoin in a recession before - during the covid recession it pumped massively thanks to the US Government printing trillions of dollars. That printing led us to the situation we're in now.
However, this time is different because the US is stuck between a rock and a hard place thanks to their debt:GDP ratio and it's not that simple (probably) to just print to get out again.