Big Phoenix
Pronouns: zie/zhem/zer
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Investing General Discussion
- Thread starter Furious
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Good article on why the party is over for urban Millennials and Silicon Valley.
Asshat wormie
2023 Asshat Award Winner
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Crazy to think the 3bn crypto market might be down to 250bn by Friday. Shit is just crashing through all support now and these big exchanges are going to start failing.
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Gravel
Mr. Poopybutthole
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Yeah, reading that article made me smile at the misery of urban millennials.
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Sanrith Descartes
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Part of crypto problem is I never saw it have true support levels like equities do. BTC has no fundamentals. It's just... BTC.
Good equities will never go to zero because they have a book value. They have stuff. I recall Macy's being assraped years ago and then it just stopped falling. Why? Because the market cap hit the value of the block of Midtown Manhattan it owned. The company was worth shit but Heritage Square was worth billions.
Ps.. that store is amazing. A seven? Story department store the size of a Manhattan city block.
Arden
Blackwing Lair Raider
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Well, in that regard crypto is more like a currency- which is supposed to be the whole idea behind crypto*currencies* anyway. Currencies can certainly go to zero.
Jysin
Bronze Baronet of the Realm
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13:30 *(US) MAY PPI FINAL DEMAND M/M: 0.8% V 0.8%E; Y/Y: 10.8% V 10.9%E
- PPI Final (ex-food/energy) M/M: 0.5% v 0.6%e; Y/Y: 8.3% v 8.6%e
- PPI Final (ex-food/energy/trade) MoM: 0.5% v 0.6%e; Y/Y: 6.8% v 6.9%e
PPI just slightly under estimates.. queue the talking heads resuming the "peak inflation" narrative.
- PPI Final (ex-food/energy) M/M: 0.5% v 0.6%e; Y/Y: 8.3% v 8.6%e
- PPI Final (ex-food/energy/trade) MoM: 0.5% v 0.6%e; Y/Y: 6.8% v 6.9%e
PPI just slightly under estimates.. queue the talking heads resuming the "peak inflation" narrative.
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Sanrith Descartes
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Isnt it funny how the numbers tend to always seem better after the gubmint "finalizes" them.
Jysin
Bronze Baronet of the Realm
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Speaking of:
- Prior PPI Final Demand MoM revised lower from 0.5% to 0.4%
- Prior PPI Final Demand YoY revised lower from 11.0% to 10.9%
- Prior PPI (ex-food/energy) MoM revised lower from 0.4% to 0.2%
- Prior PPI (ex-food/energy/trade)MoM revised lower from 0.6% to 0.4%
- Prior PPI (ex-food/energy/trade) YoY revised lower from 6.9% to 6.8%
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Sanrith Descartes
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Furry
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COLA skimming is going to be a figure in the trillions. We knew this going into things. If the gov went by the real numbers it wouldn't be stealing from us at maximum capacity.
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Sanrith Descartes
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Sanrith Descartes
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Sanrith Descartes
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Sanrith Descartes
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We are finally seeing true surrender in the markets. ABBV is finally being sold down.
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