The Fens Street Journal (@samthingwrong) • Hey
Crypto, finance and economic news lover
Publications
- Unboxing the new iPhone 15
- It appears as though the vehicle is running low on fuel.
- What a Remontada.
- My risk tolerance in 2021
- Looks like Iceland is Da place to be
- Bitcoin maxi entered the chat.
- Call your accountant.
- When you exited the stock market on time.
- Meta announced 10M accounts creation for Threads within 7h. Did these realize that airdrop farming won’t work for this social media platform 😂
- - Bankruptcy filings reaching levels of 2020 and 2008, signaling a potential recession.
- Bank of America CEO predicts a recession in early next year instead of this year.
- Vanguard economists see a high probability of recession, with chances of delay to 2024.
- JPMorgan Chase economists anticipate a synchronized global downturn in 2024.
Looks like consensus heading toward an interesting 2024.
- With Tesla trading 10x its sales, exciting news from Toyota! They have achieved a major breakthrough in solid-state batteries, offering a range of 745 miles and a 10-minute charging time. These batteries are also half the weight, size, and cost. A game-changer for electric vehicles! Exciting days ahead !
- Companies considered moving plants to the US due to its energy cost advantage. However, Europe's renewable energy push led to surplus power from weekend solar generation, resulting in record-low prices. Can Europe outshine the US, despite its reliance on oil, coal, and shale gas?
- Looks like it’s time to step aside and realise the gains.
- US recession signal within 12 months as per the US LEI.
The latter is a composite index that predicts economic trends. It combines multiple data points like stock prices, manufacturing orders, and consumer expectations. It helps forecast the future direction of the US economy.
- This could explain part of the reason "why the US is not in a recession." They continue to consume without actually paying for this consumption. Red flag.
- What are the implications of US 2 year/10 year yield curve inversion deepening ?
• This means that the yield on the 2-year Treasury bond is higher than the yield on the 10-year Treasury bond.
• Yield curve inversions are historically associated with economic downturns.
• It can indicate investor concerns about the future prospects of the economy.
• Implications include expectations of lower future inflation and reduced business investment.
• It can also impact borrowing costs and influence mortgage rates and other long-term loans.
• Economists and policymakers closely monitor yield curve inversions for insights into market sentiment and economic decisions
Current consensus goes for a downturn or slowdown in Q3. Let’s see !
- Internet made my day.
- Money printing goes brrrr
- Accurate
- What an eventful week it has been to witness: a submarine collapsing with billionaires on board, the fight between Musk and Mark, and the unsettling Russian coup.
- gm Lens frens 🌿
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- Canada home price going long
- People that locked in a 30-year fixed-rate mortgage at a 2.69% in 2021. (Credit : Twitter)
- Cost to buy > cost to rent
- Which financial or economic book holds the highest appeal for you?
I'm seeking sources of inspiration.
- « Recent studies showed that Red and Yellow colors make people hungry »
- Classic.
- Next step for the French sovereign debt rating.
- Both ECB et FED increased rates by 25bps.
I’m selling 🍿for those interested in watching the collapse of more regional banks.
- People’s LinkedIn after successfully passing a 1-day online certification at Harvard.
- The only investment that got me a triple digits ROI in an hour was at the casino.
- Solana to launch a smartphone on May 8th…down 6h a day 😶
- How much do you overthink ?
- Did you know that it exists different ways to go public?
One of them is called the “underwritten offering” or “commitment offering”.
This is a type of securities issue mechanism in which the investment bank who is involved in the offering guarantees the sale of the securities at an offering price that is negotiated with the issuer. Usually this price is below the fair value, this enables the investment bank to sell the asset at a discount to investors to ensure they have no remaining securities in their basket, hence avoiding to bear the risk of keeping them, while getting a fee or a commission for the service provided.
This is why we usually see, jumps in the stocks or bonds value on the first trading day. The stock price or the bond value is simply re-adjusted to the fair market value.
- 🥸
- Credit to internet’s wonderful creativity.
- Credit to Elon
- 🍿🍿🍿
- SVB CEO spotted in Hawaii post bankrupty, with his $3,5M insider trading.
This reminds me of former Lehman’ CEO playing golf post collapse.
There is definitely something doomed in our society.
Happy though to see BTC finally pumping with inflation, lack confidence in the banking system and money-printing,($300B last week), which is the perfect use case we were told about.
- Funny to see libertarians begging for banks bailout.
- Funny to hear people mentioning crypto as a scam, while the biggest scam responsible for 2008 and possibly 2023 are these agencies giving A grades to sick banks, days before their collapse, then updating the grade post-mortem:
Moody's cuts outlook on US banking system to negative from stable, citing "rapidly deteriorating operating environment."
- 50bps hike rate not longer a consensus.
Simple raise expected.
PS: funny to see central banks incompetencies at its finest.
Recall:
1. Print 25% of overall US dollar supply of money in 2 years
2. Inflation is temporary
3. Well we need to raise rates fast
4. Oups too fast
5. Oh, never mind we need to be hawkish again
6. Damn we’re triggering a banking crisis
7. Print money
- They don’t know we’re heading toward a financial crisis.
- US unemployment rate increases to
3.6%.
That should calm down the FED
- Ongoing Rug pull
- 80% chance of a 50bps rise during march FOMC meeting.
Probable ending target : 5,75%
- 2022 bis ?
- Bull market delayed