Why is crypto down today? Cryptocurrency market price drop - Bitcoin, Ethereum,

[iconoclast]

Raising taxes, fees, interest rates and turning off the money printer. Just a few things from the top of my head.

[jdogjones55555]

Better educate yourselves a lil more  Its about oil It permeates the world  Blame it on covid Blame it on supple chain  Blame anywhere you want  Go talk to Jimmy Carter  The research will show you  Oil

[mehehee]

The bubble will pop for the ones that are being disrupted. To compare Tesla as a meme stock means you guys have no idea what you are posting. Lets save my post and check back in 10 years. Time will tell.

[nyasaland]

Hello Mrs Violet legit and her method works like magic I keep on earning every single week with her new strategy

[L0stWadd1es]

DXY < CRYPTO

[columbus]

0:51: Noice  6:19: Weird pacing on bubble...

[nivangerow]

Hello folks, so what is the outcome? Is crypto leagalized in US?

[phur]

The world governments created this problem using covid as an excuse.

[krystalkrystalle]

Stop printing money , gold to dollar ratio is poor in us wake up or you will next venesvala

[Escalom]

Every graduate degree in the US is actually in woke studies, so I dont see those being all that useful.

[boyradd777]

They're talking about run-of-the-mill inflation driven by wage-price spirals, and saying that's how you get an inflationary spiral. In my mind, that's not the only way. We have a fiat currency and it's value is really derived from people's faith in it's value. You can print money and encourage borrowing etc, but much like stock market bubbles, there is a tipping point in there when all the feedbacks turn from negative to positive.  Normally, you hold money, it holds it's value, there's no real push to gain or spend it. If you think inflation is going to increase, it now becomes a hot potato that you want to spend as soon as you get it. You do this by buying useful assets like houses, land, food, things you need. When everyone does this it drives up the price, which would normally dampen demand, but if the expectation that money will continue losing value and the price will only increase, then the price doesn't matter anymore. Sellers can ask arbitrarily high prices. But who's going to sell into this and accept that money? Thus supply goes down at the same time demand goes up, further exacerbating the situation.  The government has been pumping new money into the economy to try and stimulate it, yet velocity stays low. Who needs to spend all that money under normal circumstances? But what happens when it all starts losing value? All that "cold" money suddenly turns hot, and the *effective* money supply suddenly increases. Meanwhile, everyone is also incentivized to borrow as much as possible to "short" the currency, further increasing the supply. But who wants to lend into this? The credit market slows, and the government steps in as "lender of last resort" again....using printed money.  Meanwhile, the massive amounts of money tied up in the stock market suddenly need a new home. I mean, who wants to hold a stock when all you can get out of it is increasingly worthless money. You paper gains are impressive, but it's only a reflection of the fact your asset is losing value, because the only value it has is denominated in dollars (rather than any kind of tangible use).  I mean it goes on and on. Wage-price spirals may be a part of 'normal' inflation but they don't really play into hyperinflation.

[nosrednaw]

That black chick seemed like an affirmative action hire. People who are English as a second language can convey a clearer message than her.

[kitty_kitty_love]

Higher wage jobs are going to be sent over shores Your going to need a graduate degree  Only a former fed crony would make that claim so lightly without providing supporting evidence or exploring in depth the damning implications of being correct.

[shrewd]

No! HAHAHAHAHA

[rennschnecke99]

commerce educated) opinion, the most bubbly thing right now? S&P 500.OK I hate how their definition of a bubble is super unclear. Tulips were also a "thing", like lumber, and in 1600s Netherlands that was the DEFINITION of a bubble. So I'm going to take a stab at this definition - Supply chain causing shortage is not a buf, bubbles exist on a scale. In my (not economicallybble, because demand has not gone up due to speculation. Seriously, who's going to speculate on lumber? Maybe a few individuals, but speculation itself is difficult to do, and everyone believed prices will come down. Housing right now is more of a bubble, because demand has gone up due to the pandemic, it's drawing investors, and creating a cycle of inflating prices. But Odyssey guy is right, there is a supply issue too. Prices going us is not a bubble, speculation and investors over-stretching due to FOMO creates a bubble. It's also not a boolean t