If you think ๐บ๐ธUSD M2 is bad, look at ๐ท๐บRussia's In 3 years, Ruble DOUBLED in supply. Up by a 100% How come despite this, Ruble maintained its value in FOREX? The answer is GOLD, more specifically its expansion in the balance sheet of Central Bank of Russia It works ๐คทโโ๏ธ
๐จ๐บ๐ธUSD M2 Money Supply โฌ๏ธ 790 days to increase M2 by $6.3T โฌ๏ธ 550 days to decrease M2 by $1.1T โฌ๏ธ 500 days to increase M2 by $1.1T โฏ๏ธ QE never stopped, it merely paused When inflation is blamed on tariffs, keep this in mind
๐จ๐บ๐ธ USD M2 Money Supply is almost back at pre-interest rate increase levels That QT didn't last after all ๐คทโโ๏ธ
๐จ Financial Stress Index Tariffs Update Trump/US tariffs so far: โฌ๏ธ Equity valuation down โฌ๏ธ Volatility up โฌ๏ธ Safe assets up โฌ๏ธ Credit spread up ๐ A perfect setup for the increase of OFR's Financial Stress Index Let's see - it's updated with a 2 day delay
๐ช๐บ The best countermeasure that EU can take is swapping US securities for Gold Gold is inversely correlated with USD. Such a decision can be done today and it will: 1๏ธโฃbe a response to the US 2๏ธโฃincrease value of EUR 3๏ธโฃminimize consumer impact Anything else will hurt the economy
๐คฏ USD/EUR down 3 cents overnight ๐บ๐ธ An immediate response to Trump/USA import tariffs This is Bitcoin-level volatility in FOREX Volatility is a measure of risk. What does this mean for the US Dollar?
๐จ Bitcoin Reacts To US Tariffs: As expected, a massive BTC sell-off post Trump's tariffs announcement The price peaked during the speech, and then dumped down more than 6% so far + US dollar index is down A move away from riskier assets & USD into Gold & foreign currencies https://
๐จ ๐ท๐บ๐จ๐ณ๐ช๐บ๐ฏ๐ต reacting to US tariffs The initial FOREX response to tariffs is a net outflow from #USD US dollar fell against major currencies. The Euro fell against both the Chinese Yuan/renminbi & the Russian Ruble Interesting, but expected having #RUB & #Yuan gain from this https://
๐ด $BTC, $DXY & $XAU during Trump's tariffs speech Interesting to observe the negative correlation between Bitcoin & US Dollar Index Gold wasn't clearly correlated with either. This makes sense - the tariffs lead to uncertainty regarding the reserve currency & central bankโฆ https://t.co
๐จ JUST IN: $87K Bitcoin This is just a pre-tariffs announcements pump that will sell off once Trump speaks in a few hours, right? ๐
๐จTrump's Tariffs Update - ๐จ๐ณ, ๐ฏ๐ต, ๐ฐ๐ท Not only tariffs are tanking the US economy, but their strongest partners are looking elsewhere Unsurprisingly, Asia will find other buyers for their products - they have the upper hand, not ๐บ๐ธ or ๐ช๐บ - a result of perpetual import deficitsโฆ
๐จUpdate on Ethereum shorts: Latest data shows that institutional investors reduced their short exposure by โ60% Not necessarily bullish - a lot of it is taking profits from the record net short positions + $1900 is a key weekly support level for #ETH, so a rebound is normal
๐บ๐ธ So the car tariffs are also inflationary USA cars get credit incentives, by making interest payments tax deductible So this means more expensive cars + more credit availability for them You can't make this up ๐ณ
๐ Congratulations to the American consumer who now has 2 options: 1. Pay 25% more for the car they want 2. Pay <25% more for a lower-quality domestically produced car + The income tax is here to stay โ๏ธ And you thought the Biden administration was doing questionable moves ๐ htt
Architecting your balance sheet around highly speculative & volatile instruments is a good idea, until it isn't ๐ Although with 0% coupon the burden here is mostly on the investor ๐คทโโ๏ธ The stock market is starting to resemble a casino more every dayโฆ. http
โ It's confirmed You can now fully automate niche meme pages With carefully crafted prompts and context it can generate a lot traffic and organic engagement
Today, I asked GPT-4o to create a meme about vibe coding But you may need to be an AI language model to understand it ๐ณ
The new GPT-4o image generator is cool, but who else thinks that in the next week or so some open-source Chinese model will it to dust? ๐๐จ๐ณ You can probably already find something close to it on huggingface
๐คฏ GPT-4o new image gen is surprisingly good at generating comics & memes Here's an xkcd style webcomic about vibe coding โฌ๏ธ http