Joined April 2022
Yesterday ECB President Lagarde gave us, "the outlook is darkening." Today, Chairman Powell recommends better crypto regulation. I prefer Lagarde - a heavy dose of realism. Rather than the Fed's current half-measure approach to crypto, rates, etc. bloomberg.com/news/articles/…
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We haven’t had inflation for many decades. Investors and policymakers are not experienced in navigating these waters. I expect a lot more volatility during the education process. xitter.cf/SquawkCNBC/status/1569…
BREAKING: CPI comes in hotter than expected…. Futures tumble. Rick Santelli reports:
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We need a hose, not a straw. The Admin must emphasize environmentally-sound energy production - and this isn't it. Energy production is critically important for our economy, global standing, and national defense. wsj.com/articles/federal-oil…
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I'd argue the U.S. development of energy production technologies is just as crucial to national defense as the development of weapons technologies. It's clear that the Admin thinks otherwise - we'll see what voters and the market thinks of that strategy this fall.
This is one of those things we'll look back on 50 years from now and scratch our heads. It makes our country and economy weaker. We won't produce energy available here, but fist-bumping tyrants and begging for more oil is totally acceptable. reuters.com/business/energy/…
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The data shows there is no correlation. Data-driven analysis should lead public policy, not the sentiment of the day.
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Reliance on foreign energy can spell trouble. The more energy independent the US has become, the more the country flourishes. The administration should prioritize domestic energy development, including Alaska. bloomberg.com/news/articles/…
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"Bank-like" regulation is a good thing, but what's even better is that it's bipartisan. I am happy to see politicians working towards a common goal - even if it's more regulation - for once. wsj.com/articles/bipartisan-…
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Leave it to politicians to kick the can down the road. Forget digital asset regulation. They have to worry about the midterms!
"I think both @SenGillibrand and I believe that the bill in one piece, as a total bill, is more likely to be deferred until next year," @SenLummis tells @crypto's @allyversprille #BloombergCrypto
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No different than a schoolyard bully. The big guy wants to take the little guy's lunch money. Rather than strong-arm for tax revenues, the US & EU should create better tax environments so businesses can flourish. Especially w/ a recession looming. wsj.com/articles/global-tax-…
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Citadel’s plan to move to Miami is a reminder that in a digital world, hi-tech companies are entirely mobile. To be honest, Ken doesn’t seem like a South Beach guy, but he’ll bring more tax dollars and talent to South Florida than @KingJames ever did.
The Fed's obvious mistakes during the past 18 months have damaged the market's confidence, & prices are reflecting that. Didn't need an army of Harvard economists to see what was going on w/ inflation. All they had to do was get out of the textbook and walk into the supermarket.
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This also sends the wrong message to investors that our capital markets are broken and need fixing. Without supportive data, this is irresponsible thinking, at a very sensitive time.
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