Their HQ is now in Virginia, and many of their models are built in the US. They learned from the currency conversion losses of the early 2000s.
Fed bumps overnight rate 75bps, more to come!!
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By VW, mean to say VW group.
Unless you’re specifically talking about Porsche and their weird family covenants, still here
The market pop after the rate increase was announced seems to have been a head fake. Futures are all VERY red this morning, and would erase all the gains and then some made yesterday.
The falling knife is still falling.
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I wouldn’t put serious money to work until the fed pivots. Every rally is a bear market bounce until the hikes stop.
That feels like a year from now. Why should they stop now with 9% inflation they are thinking of containing. One time 0.75% hike won’t stop it
At some point, it’s going to hit the floor.
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Of course it will. The only way to be certain you’ve hit bottom is that it’s actually climbing, not a dead-cat-bounce.
1500 companies IPO’ed in the past year, most of them are not setup to be successful in an environment with any cost of capital (e.g. ELMS that I posted about). The cost of capital is 100% going 
several more times this year. Robinhood is currently trading at the value of the cash on its books (customers/transactions discounted to $0).
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I am not a crypto investor, and this is not to rain on anyone’s parade, but by my count over $1 Billion USD worth of coins in offline wallets were transferred into various exchanges in just the past 2 hours. I smell a weekend sell-off.
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Buy the dip?
At/near the bottom, sure. Catch the falling knives at your own peril.
If these all went to one exchange, I’d suspect someone was trying to make them insolvent. I may be wrong, but it looks like some big redemptions coming.
Bottom is going to be single digit thousands at best. Liquidity crisis looming. Way too much leverage and poor risk management as exhibited by 3AC. Pigs get slaughtered
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There’s been wayy too much leverage and rehypothecation in the space, and it will hurt Mom and Pop the most. The scary part is these exact practices are used in the current banking system, and nobody understands that.
one day you’ll come to understand that the people who run this country’s financial institutions understand these things. they just don’t care because they know we’re here to bail them out.
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Make mine french onion! And kettle chips, pleaseandthanks
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One day, people will understand they have an option to purchase insurance on this country’s financial institutions and it’s on sale.
100x leverage is not available in traditional equities and does not work over any period of time. The fact that crypto didn’t self regulate that out basically ensured its demise and lack of true adoption. That is simply way too volatile and enables exchanges to basically just seek out their own customers liquidation points and screw them over repeatedly.
That was my biggest problem with crypto, there is no internal self regulation for what are constantly obvious scams.
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What??? The same people that’s “crypto” are the same people that’s in traditional banking and that’s the problem. Bitcoin is very different from crypto because it has no one behind it, all the others do. Satoshi gifted us with equity based money, so why pile debt claims on top of it? The traditional banking is debt based money. It’s literally debt claims stacked on top of debt claims. There’s a difference between commodity credit and circulation credit. Commodity credit is debt backed by real savings. Circulation credit is what we would call fractional reserve banking- there’s more paper claims then there are underlying assets. Not all debt is bad, and I want to make this distinction. You can have lending platforms that allow you to go up to 1:1 loan to collateral ratio. In other words, you can loan up to 100% of your money, but once you go above 1:1 now you just created credit money. That’s how your bank works today.
Commericial bank money
———————————— = money multiplier
Central bank money
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