Wednesday , December 18 2024
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Needless volatility and loss inducing.

Summary:
Bank regulations force unnecessary losses.

Topics:
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Bank regulations force unnecessary losses.
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

10 comments

  1. Eye relief

  2. great commentary, thank you

  3. You cant have a reserve.of BTC! Its just greater fool theory and money printing.
    When the 'coins' are fully paid out to 'mine' then what? No more so called 'mining', BTC collapses. What exactly is a BTC reserve!!! If Musk doesn't want national debt, how does this align to money expansion as necessitated by BTC purchases. Clueless!

  4. Thanks for the updates, Mike. 10-year yield is 4.201.

  5. @hoshinotanecedryctensaibat9711

    Yeah but selling reserve gold for btc, which both go against the USD when trump is supposedly dollar first? What does it signal the world if the US unload gold for BTC over the USD? Lol

  6. I guarantee you Trumps not buying Bitcoin until it gets a major haircut first. He's not stupid to pay over 100k.

  7. I am very suspicious of anything he says before he's in office.

  8. needless volatility

  9. Monetarist zombie 10%-20% market correction incoming Jan-March 2025??

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