LONG AND VARIABLE LAGS
In recent years, panicked at the inflation they had unleashed, CBs embarked on the fastest rate hike ever. As they hiked more and more, inflation remain high and this has led many to forget monetary policy works with a long lag.
The day of reckoning is arriving. EU PMIs show a solid contraction both in goods and services.
As banks are tightening and shrinking the money supply, the data shows within a year we should see the real impact of this contraction. And there is a hell lot more to go.
With China also in deep trouble and global trade tanking no country is immune.
In recent years, panicked at the inflation they had unleashed, CBs embarked on the fastest rate hike ever. As they hiked more and more, inflation remain high and this has led many to forget monetary policy works with a long lag.
The day of reckoning is arriving. EU PMIs show a solid contraction both in goods and services.
As banks are tightening and shrinking the money supply, the data shows within a year we should see the real impact of this contraction. And there is a hell lot more to go.
With China also in deep trouble and global trade tanking no country is immune.
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Bitguide
Global slow down continues China’s exports dropped 14.5 percent in July from the same point last year, the biggest decline since the COVID crash. Imports also fell 12.3 percent in the same period.
CHINA OVER THE LAST MONTH
1. Unexpectedly cut rates by most since 2020
2. Removed 50% of their stock trade tax for the first time since 2008
3. Considered making it illegal to short stocks
4. Lowering rates on $5.3 trillion of mortgages for the first time since 2008
5. HY real estate index down 82% in 2 years
6. Banks cutting deposit rates for the 3rd time this year
7. Evergrande files Chapter 15 bankruptcy
https://t.me/Bitguide_io/385?comment=526
H/t Kobeissi Letter & @mehrsha0
1. Unexpectedly cut rates by most since 2020
2. Removed 50% of their stock trade tax for the first time since 2008
3. Considered making it illegal to short stocks
4. Lowering rates on $5.3 trillion of mortgages for the first time since 2008
5. HY real estate index down 82% in 2 years
6. Banks cutting deposit rates for the 3rd time this year
7. Evergrande files Chapter 15 bankruptcy
https://t.me/Bitguide_io/385?comment=526
H/t Kobeissi Letter & @mehrsha0
Telegram
Mehr Sha in Bitguide: Anything and Everything Bitcoin
1. Unexpectedly cut rates by most since 2020
2. Removed 50% of their stock trade tax for the first time since 2008
3. Considered making it illegal to short stocks
4. Lowering rates on $5.3 trillion of mortgages for the first time since 2008
5. HY real estate…
2. Removed 50% of their stock trade tax for the first time since 2008
3. Considered making it illegal to short stocks
4. Lowering rates on $5.3 trillion of mortgages for the first time since 2008
5. HY real estate…
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The sheer amount of bad news for @Binance is amazing. Especially viewed together.
Executives jumping ship and markets being exited and regulators clamping down. Dangerous pattern here.
Ht: @Travis_Kling
Executives jumping ship and markets being exited and regulators clamping down. Dangerous pattern here.
Ht: @Travis_Kling
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ECON01 - What Is Money? (BG#18)
This is the first lesson from Sina's short course on economics. In ECON01, he talks about the emergence of money, its evolution throughout history, and the features of good money.
ECON with Sina
Watch on YouTube
Listen to Podcast
🌳 https://linktr.ee/bitguide
This is the first lesson from Sina's short course on economics. In ECON01, he talks about the emergence of money, its evolution throughout history, and the features of good money.
ECON with Sina
Watch on YouTube
Listen to Podcast
🌳 https://linktr.ee/bitguide
YouTube
ECON01 - What Is Money? (BG#18)
This is the first lesson from Sina's short course on economics.
In ECON01, he talks about the emergence of money, its evolution throughout history, and the features of good money.
00:00 - Intro
00:58 - Outline
02:21 - Caveman Economy
07:46 - Barter
18:34…
In ECON01, he talks about the emergence of money, its evolution throughout history, and the features of good money.
00:00 - Intro
00:58 - Outline
02:21 - Caveman Economy
07:46 - Barter
18:34…
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Live Senate hearing on how Gensler is regulating crypto
https://www.banking.senate.gov/hearings/watch?hearingid=2DD6117D-0571-C8B3-E967-3A9E381589B8
https://www.banking.senate.gov/hearings/watch?hearingid=2DD6117D-0571-C8B3-E967-3A9E381589B8
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❤2🤮1
ECON02 - Monetary History I
Bitguide
ECON02 - Monetary History I
In the second lecture of ECON course, Sina talks about the history of money from livestock to modern coinage.
Podcast
YouTube
🌳 https://linktr.ee/bitguide
In the second lecture of ECON course, Sina talks about the history of money from livestock to modern coinage.
Podcast
YouTube
🌳 https://linktr.ee/bitguide
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