The key to a soft landing is the Fed getting off data dependence, says Fundstrat's Tom Lee
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- Опубліковано 11 вер 2024
- Tom Lee, Fundstrat Global Advisors managing partner and head of research, joins 'Squawk Box' to discuss the latest market trends, the Fed's inflation fight, rate path outlook, state of bitcoin, and more.
Economic downturns are a normal part of the business cycle. The key is to be prepared and plan ahead. I graduated during a recession in 2009. My first job out of college was as an aerial acrobat on cruise ships. Today, I'm a Vice President at a global company, own three rental properties, invest in stocks and businesses, started my own venture, and my net worth has increased by $500,000 in the last four years.
I agree. Just because there are opportunities doesn't mean we should dive in without caution. We should look for market analysis or guidance, or seek advice from certified market strategists.
Absolutely, having a solid plan is crucial. My portfolio has been well-balanced and recently doubled since early last year. My financial advisor and I are working towards a seven-figure goal, although this might take until Q3 2024.
Can you share details of your advisor? I want to invest my increased cash flow in stocks and alternative assets to achieve my financial goals.
Her name is BONITA JEANETTE RODRIGUEZ. You can research her name to find the necessary details and set up an appointment.
Thank you! I searched her name online, found her website, and filled out her form. I hope she gets back to me soon.
You work for 42yrs to have $2m in your retirement, Meanwhile some people are putting just $20k in a meme coin for just few months and now they are multi millionaires. I pray that anyone who reads this will be successful in life
Well explain thank you for bringing up this video
Financial education is indeed required for more than 80% of the society in the country as very few are literate on the subject. The value of the US🇺🇸dollar is declining due to inflation, but it is increasing in comparison to other currencies and commodities such as gold and real estate. I'm worried that rising inflation will cause my 550k in my retirement funds to lose value, But with the help of Mrs Maria I hit 220k this week from my investment of 45k, I am truly grateful for all the knowledge and nuggets you have given me over the past few months.
Maria davis program is widely available online..
How
..? Am a newbie in crypto investment, please can you guide me through on how you made profit?
I'm glad to write her tay I do hope she will help handle my paycheck properly
Can I start with as low as $1000
The Fed is undoubtedly responsible for the present catch-up efforts, as they were first too slow to control inflation. The pandemic, supply-chain issues, are all contributing reasons to the impending inflationary perfect storm. I'm still looking for companies to make additions to my $500K portfolio, to boost performance. Here for ideas...
Let's face it... buying more stocks & index funds during stock market corrections and bear markets is scary. Which makes it really hard to do for most people like me. I have 260k i want to transfer into an s&p but its hard to bite the bullet and do it.
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
Viviana Marisa Coelho is her name. She is regarded as a genius in her area and works for Empower Financial Services. By looking her up online, you can quickly verify her level of experience. She is well knowledgeable about financial markets.
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
I was advised to diversify my portfolio among several assets such as stocks and bonds since this can protect my portfolio for retirement of about $150k. I want to know: Do I keep contributing to my portfolio in these unstable markets, or do I look into alternative sectors?
The professionals presently control the market since they not only have the essential business strategy but also have access to inside information that the general public is not aware of.
The issue is most people have the “I will do it myself mentality” but not skilled enough. Ideally, advisors are perfect reps for investing jobs and at first-hand experience, my portfolio has yielded over 350%, since covid-outbreak to date, summing up nearly $1m.
impressive gains! how can I get your advisor please, if you dont mind me asking? I could really use a help as of now
“Lucinda Margaret Crist” is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment
Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.
As an lnvestment enthusiast, I often wonder how top level investors are able to become millionaires off investing. . I’ve been sitting on over $545K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?.
The current state of the market may bring opportunities to increase profits quickly, but professional assistance is required in order to put such a plan into action.
Many people minimise the importance of counsel until their own feelings become overwhelming. A few summers ago, following a protracted divorce, I needed a significant push to keep my firm solvent. I looked for licenced advisors and found someone with the highest qualifications. She has contributed to my reserve increasing from $275k to $850k despite inflation.
How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?
'Rachel Sarah Parrish' a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.
I merely Googled her name, and her website up right away. So far, it looks interesting. I sent her an email, and I hope she responds soon. Thanks
With all this, I foresee a recession lasting a while, and if inflation continues to surge, the Federal Reserve will likely raise interest rates again. Inflation is causing various issues worldwide, such as food shortages, scarcities of diesel and heating fuel, and significant spikes in housing prices, leading to a potential financial market crash. This global downturn could have long-lasting repercussions. Given the current inflation rate and market crash, my main worry is how to optimize my savings and retirement fund, which has remained stagnant at around $300,000, yielding almost no gains for quite some time.
Numerous opportunities exist to achieve substantial profits at present, but executing high-volume and nearly flawless trades requires the expertise of real-time professionals with an ISDA Agreement. This agreement allows investors to participate in sophisticated trades, exclusive to seasoned individuals, and unavailable to amateurs. Attempting to be a high-stakes trader without an ISDA is akin to trying to win the Indy 500 riding a llama.
I'm sure the idea of an invstment-Adviser might sound controversial to a few, but a new study by Motley-fool found out that demand for Financial-Advisers sky-rocketed by over 42% since the pandemic and based on firsthand encounter I can say for certain their skillsets are topnotch. I've accrued north of 580k within 16-months from an initially stagnant Portf0lio worth 85k.
MARY TERESE SINGH is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
pls how can I reach this expert, I need someone to help me manage my portfolio
MARY TERESE SINGH is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
Markets look like 2015-16. Probably going back to all time highs, but will probably go sideways until fed signals rate cut, Recently sold 25% of my portfolio comprising of plummeting stocks that were recommended by certain financial UA-camrs, quite devastating!
not their fault, the stock market seems to be more of a casino for gamblers now than a place for investors. even if you were averaging down on ailing companies, its your duty to properly research, buying the dip does not guarantee a rebound
Such uncertainty is the reason I don't base my conviction on rumors or a ''hearsay'' I have my day-to-day investing decisions being guided by an invt-advisor, seeing that their skillset is built around long and short term, both employing profit-oriented strategies and providing hedge against inevitable downtrends, coupled with exclusive analysis, it's near-impossible to not outperform. I've realized over $600k from $235k capital, since late 2019 just before the pandemic to date.
Awesome.. Please I would love to know or get in touch with your investment advisor. I could really use such expertise in growing my portfolio now that the entire markets is uncertain
The decision on when to pick an Adviser is a very personal one. I take guidance from ‘Jennifer mackimm wesley‘ to meet my growth goals and avoid mistakes, she's well-qualified and her page can be easily found on the net.
Appreciate this recommendation, hopefully I can get some insight to where the market is headed and strategies to beat the downtrend with when I hear back from jennifer
The continuously changing economic conditions in our society have made it necessary for people to find additional sources of income, thus I am looking at the stock market to fuel my retirement goal of $3m, my only concern is the recent market crash.
for majority, the solution to their problem can be found in specialized knowledge, so you can as well seek guidance from a well experienced advisor
Agreed, despite my rookie knowledge of investing, I have a financial advisor who did the trick in a bit more than 6 months after a lump sum capital of $500k, and I've so far made a fortune. I'm now buying real estates, gold and silver as advised by my FA.
truly appreciate the implementation of ideas and strategies that result to unmeasurable progress, thus the search for a reputable advisor, mind sharing info of this person guiding you please?
*Marissa Lynn Babula* is my FA. Just google the name and you’d find necessary deets. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.
such an eye-opener! curiously inputted her name on the web and at once spotted her consulting page, she seems highly professional from her resumé
I had $250k waiting for rate hikes to end, but now I'm unsure as rates may keep rising and stocks falling. Confused and open to discussion
The stock market will go down further and goodluck on the fed pausing rate hikes w/ all the hawkishness that has failed to keep up with inflation
If the unemployment rate is able to remain steady while the Fed hikes and inflation falls back to target, a soft landing might be on the table
Don’t expect a soft landing. We know inflation still far from its 2% destination - the FOMC didn’t raise rates now, we can never fortell their moves these days
Fixed income Tbills and bonds may work for you while you try to figure out the next entry point for stocks
I agree It’s always good to have a balanced fin-plan. I work with a professional planner multi mrkt and fixed-income strategist in NY.The fixed income portion of your portfolio won’t simply serve as a buffer to the volatility of the equity portion of your portfolio, but will provide legitimate income.
Stability is a result of our economy's struggles with uncertainty, housing issues, foreclosures, global volatility, and the pandemic's consequences. To restore stability and promote growth, all sectors must respond quickly to concerns about growing inflation, slow growth, and trade Disruptions.
Consider hiring financial advisors, estate planners or tax experts. They can provide specialized knowledge and help you navigate complex financial decisions.
I agree. Based on personal experience working with an investment advisor, I currently have $1m in a well-diversified portfolio that has experienced exponential growth. It's not only about having money to invest in stocks, but you also need to be knowledgeable, persistent, and have strong hands to back it up.
How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?.
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've been stuck withLauren Marie Ehlers for about five years now, and her performance has been consistently impressive.
Thanks for sharing this. I just googled her name and found her webpage. I'm really impressed with her credentials and I reached out to her since I need all the assistance I can get.
No better way to start the day then hearing about an imminent bull market on the horizon from Tom Lee.
Yeah but then you have to listen to Joe's blather
An imminent bull market? Uhhhh, what? We’ve been in a bull market since Jan 2023
Tom Lee is the man! Always calm and zero BS straight to facts
@@CarlitoswayDR he’s terrible
Thanks CNBC for having Tom Lee on .😊Always Great to have the Best of the Best on.
The market's direction can swiftly change, with indexes frequently transitioning from a bear market to a bull market. It's tricky during election years. I recently inherited a lump sum and want to invest it wisely. Any tips or strategies to take advantage of this potential upswing?
imho, the average person finds it difficult outperforming the market on a day-to-day basis. In actuality, most people who have the necessary abilities are advisors with experience since the '08 crash and beyond.
Agreed, I once downplayed the role of financial experts until suffering 40% portfolio loss amid 2020 lockdown, at once I consulted a pro and my portfolio was revamped thankfully. As of today, I'm just about 10% shy of my $1m goal after 100s of thousands invested.
bravo! mind sharing details of your advisor please? my job doesn't permit me the time to analyze stocks myself
I'm cautious about giving specific recommendations since this is an online forum and everyone situation is unique, but I've worked with "Monica Shawn Marti" for years and highly recommend her. Look her up to see if she meets your criteria.
Thanks for the info. I searched for her full name and found her website right away. I reviewed her credentials and did my research before reaching out to her.
I invest in Tom's hair!!!
That's recession-proof for sure...
Never fails
😂@@kraz007
😂
And Ideas too don’t forget! The Midas of the market is Tom Lee!
In Tom We Trust 📈🇺🇸
Eh.. hype
Thank you for the announcement video for Amazon's AMS503 Token!!! Finally they got into crypto...can't wait to see what's next
When Tom Lee talks, I listen. It’s a valuable opinion
It's a great idea to have a conversation with financial advisors like Naomi Dean to reshape your portfolio.
I'm interested in investing, but I'm not sure where to start. Do you have any advice or contacts who can help me out?
Investing can be complex, so it's smart to get professional guidance when building your financial portfolio.
It's a great idea to have a conversation with financial advisors like Naomi Dean to reshape your portfolio.
I spread out my $25k portfolio across various markets to diversify my investments.
That's awesome! I ended up making a net profit of about $115k by investing in high dividend yield stocks, ETFs, and equity.
Naomi Dean stands out from other brokers because of her realistic approach, unlike those who often set unattainable targets and fail to deliver. She's truly unique!
Tom didn't flinch a bit in answering a political Qs....what a MAN!
I dread the political question all the way to November
Once Amazon's AMS503 passes $1, it may NEVER see that low again
In Tom we trust !!
He’s absolutely terrible
@@user-ys9sw2gy5gsorry you are now officially cursed
haha! He is very smart.
@@user-ys9sw2gy5g what??
@@suebowers6003 haha he’s terrible
Love this guy. Spot on through the last few tough years.
That smile just brightens up the whole day
Tom has to deal with these 2 trolls everytime
Naturals were just smart. This guy is absolutely terrible and always bullish. Anyone can do that. And three months ago he said there’s going to be a 10% correction and all the market that has go up. None of these people know what they’re talking about from day-to-day
@@user-ys9sw2gy5gnasdaq did drop almost 10% though.
@@user-ys9sw2gy5g - there is contradiction in your statement - he couldn't have been always bullish, and also predicted a correction 😂 He rightly predicted inflation to be coming down, when everyone was panicking.
Over time stonks only go up, bears are wrong 99 times out of 100
@@illegalsmirf Over 20 year periods sure, but bulls are constantly wrong and constantly lose money.
*Amazing video despite the economy disaster and political war in the country, investment remains best for earnings. Imagine you work for 40yrs to have $1M in your retirement, meanwhile some people are putting just $10K into trading from just few months ago and now they are multimillionaires*
Same, I operate a wide- range of Investments with help from My Financial Adviser. My advice is to get a professional who will help you, plan and enhance your management skills. For the record, working with Maria Frances Hanlon, has been an amazing experience.
I'm favoured, $90K every week! I can now give back to the locals in my community and also support God's work and the church. God bless America,, all thanks to Ms Maria Frances 😊🎉
YES!!! That's exactly her name (MARIA FRANCES HANLON) so many people have recommended highly about her and am just starting with her 😊from Brisbane Australia🇦🇺
She’s a registered Broker from FINRA ❤️ you can also verify her on broker check
Honestly, I'm surprised that this mrs Maria Frances is mentioned here, came across a testimony about her from one of the beneficiaries on the CNBC news, she seems to be doing extremely well....
I'm happy I saw the video for the AMS503 crypto token or else I would've missed it lol
Tom is literally one of the best analysts ever. Tom forever.
Tom! Thank you very much. All best!
Congrats Tom Lee !!
I would love seeing our first female president but this woman is definitely not the one.
When will short sighted business men understand that capitalism and democracy need each other and neither will thrive otherwise ?
Of all the "Lee's" (Bruce, Christopher, Kathy, Stan, and Spike), Tom is my favorite!
Tom is a legend!
A legend of being terrible, he’s always bullish anyone on the planet can do that. Except for three months ago when he said there’s going to be a 10% correction and there wasn’t.
@@user-ys9sw2gy5g 100%
Can we not talk politics Andrew? We actually got a business interview and not a political interview or rant
I hope they’re paying Tom good money, because he’s pulling 90% of the weight of these interviews and he comes on a very regular basis.
Permabull Tom Lee is a legend.
I came across your channel through this video-case studies are incredibly valuable, and I'm eager to see more in the future! Building wealth involves establishing routines, like consistently setting aside funds at regular intervals for smart investments.
People believe their currency has the worth it does because they have no other option. Even in a hyperinflationary environment, individuals must continue to use their hyperinflationary currency since they likely have minimal access to other currencies or gold/silver coins.
Uncertainty... it took me 5 years to stop trying to predict what bout to happen in market based on charts studying, cause you never know. not having a mentor cost me 5 years of pain I learn to go we’re the market is wanting to go and keep it simple with discipline.
This aligns perfectly with my desire to organize my finances prior to retirement. Could you provide me with access to your advisor?
NICOLE ANASTASIA PLUMLEE is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
Tom Lee is the Man!
Great to hear insights from Tom Lee.
Joe needs to retire. Clueless.
Neither is good but the younger is a total Waste of time and space. No manner nor knowledge
Always clueless and seems more confused than ever lol
Honestly Tom Lee does have data and facts to back up his claims. Of course history is no guarantee
He’s terrible and always bullish. Anyone in the world can do that except three months ago when he said there’s going to be a 10% correction and there wasn’t
@@user-ys9sw2gy5g hes just another perspective out of dozens
@@user-ys9sw2gy5gofcourse he is bull n correct wrt bullish comments. He cant be correct fully about bearish markets 😊. Anyway market corrected more than 10% (from peaks).
Don't shake your head at Kelly old man. Tom is the Man.
In Tom Lee we Trust! 🇺🇸
In Tom we trust!
Tom Lee is one of the best
Tom Lee to the moon 🚀
Tom Lee is fuego
Tom has figured out that over all, stocks go up and decided to become a permabull. However, he will blindly omit a recession, rising unemployment, extreme price of gold, inversed yield curve and repeat that we will go only higher. This will come to a bad ending..
Yeah. It's not a straight line up .. Always a doodle .. same goes for life too
But regardless of the bad times, market still goes up anyway.. just have to wait it out. If you are retiring .. wait it out and get a part time job if needed
Live below your means and invest in yourself and you will be recession proof. Have lived through all the crazy times as an adult since the 90's and have never been affected yet by any downturn to the point I was homeless or anything.. so always have cash and investments and live debt free as much as possible. People live too extravagantly and then feel the most pain when downturns happen
Bought AMS503 after watching your video, super excited!
The best reason to get Tom on the show early is that his hair is still looking fantastic.
Tell me they are voting for Trump without telling me they are voting for Trump😂
Tom is right again. Data is information that is in the past and momentum isn't easily reversed. Like turning a cruise ship around.
i wanted 85% entrance cut sep,4 then sep,6 emergency cut then SEP,8 another rate cut Nov,24 last rate cut then final entrance cut
It would be very interesting if journalists let the interviewee answer the questions... in all the answers answered he was interrupted.
With respects to Tom, [818,000] jobs didn’t disappear, they were never created in the first place but reported as gains by the biden/HARRIS administration anyway. I’d cut them some slack if ANY of the monthly reports was an undershoot (ie, LESS flattering), but alas…
why has this guy been so right?
The jobs number that they finally released is only half of the real number so they have a long way to go and stop lying.
i look at Fed Policy like the Weather.
I love rainy days. I use to love snow days when I lived up North. The rain makes everything outside green and growing and healthy, but one does have to drive a bit slower. Snow days were great, roads were not cleared and work was closed so I would get an unpaid day off to go outside and walk in the woods and see the wet snow clinging to the trees. It was nice, and not every day.
But I don't like droughts or Hurricanes. Both are bad for the world, but they happen. Maybe that is how Nature deals with excesses?
But economic droughts, long hot dry spells with everything withering and dying is bad. Same with catastrophic winds and flooding storm surge and of course flooded streets and damaged vehicles and downed power lines and maybe roofs missing key elements too.
The economic equivalents of Droughts or Hurricanes are what I hope the Fed is trying to avoid, just having come out of a Global Pandemic and all and now much of the world at war with their neighbors, things are kind of shaky. We don't have missiles here in America blowing up our schools and hospitals, but we feel the pain with higher rates of inflation and some shortages of things. Both cause us to pay higher prices.
So, the Fed combatted this with raising rates, and it's having the effect. Slowing down hiring, and so less people working than we thought. Plus higher costs to refinance Corporate Bonds, just ask the CFO at Jet Blue and you can see the effect on Jet Blue's stock price. Ow! I was so wanting that merger to go through. But no luck.
Anyway, I see that they will act slowly and deliberately this year. That is ok. 25 basis points in September and maybe another in January? It's taking us to a Softish landing and you have to also remember that the Fed has a $8.7 Trillion balance sheet to unwind someday. So that will have an impact too on rates and yields.
We amateurs are just lucky we don't have J Powell's job. I know I would have made things worse. How about you guys?
Gold is stable. Bitcoin is a volatile investment.
So size them appropriately...
Go TRUMP!!!
Stop interrupting when the guest are answering your questions, 😢😒
Joe Kernons speech is worryingly incoherent. Whats going on there?
Didn’t sleep well 😂
Tom is the guy
Is Joe intoxicated on every show? Jeez!!!😮😮😮
Tom. Where is the august small cap rally?
Brett coin 💙💙🚀🚀🚀🚀 thanks Tom
props to the host for pushing back on elizabeth warren's blatant propaganda
The fed and BOJ are doing an insane balancing act trying to keep USD/JPY between 145 and 150. Once it breaks either way above or below things will get super interesting.
In Tom we trust.......small caps will explode upward over the next 4 months!
Next unemployment report - the most important one since 07.
Jobs report doesnt justify cutting
Love that
Tomounjaro Lee!
what a weird ass comment tot make at the end about it not being as good because it wasn't an earlier in the day interview
The cuts will be slow and the FED will stick to their old ways of being reactive. Don’t expect emergency cuts like during Covid. This will be a long drawn out process
Is AI real? I am wondering if it's not being a bit too hyped? Feels like the Dot Com days. Irrational exuberance?
The economy is grappling with uncertainties, global fluctuations causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.
From studies, 90% of the time in an election year, the stock market stays this way for quite a long time. 2024 is no exemption, but it is better to be guided, ideally by a well experienced and licensed advisor.
@@Angelavaldess Investing Is more than reading quarterly reports. Learnt this from reading Peter Lynch's book. I believe there are people who do this for a living, and I just delegate the task to these professionals. That's how I make money from the market to be honest.
@@Angelavaldess Investing Is more than reading quarterly reports. Learnt this from reading Peter Lynch's book. I believe there are people who do this for a living, and I just delegate the task to these professionals. That's how I make money from the market to be honest.
That's a great analogy and I love the insight. Professionals could make a really big difference in investing, and I think everyone should have one. There are aspects of market trend that is difficult for an average joe.
@@Angelavaldess I've been getting suggestions to use one, but where and how to find one has been challenging, Can i reach out to the one you use?
It’s amazing a lot of you people love this guy, he is always bullish,Anyone could do that. And three months ago he said it’s gonna be a 10% correction the market went up. I swear you guys like this guy because of the way he looks or something I don’t know. Literally anyone can get on TV and always be bullish and always be right because the market goes up through history.
yet there are still bears going on TV to be clowns
@@YoungALH in the last two years, yes. But right now I am in the camp with the Bears.
@@YoungALH agreed. And the last couple years yes. But as of right now, I’m definitely a bear.
How much is Fundstrat paying to be featured every second day???
There is no soft landing
dude is even right about the market not believing the polls and it’s betting on trump
The current financial crisis results from excess liquidity brought on by the Fed depressing interest rates below the neutral rate for more than a decade. Why do so many rush for the Fed to repeat past mistakes?
FED gonna wait to long
The US dollar has already been de-based vs European currencies...
Everyone seems to think that when the Fed starts cutting great it’s such a magical thing that the economy is going to go up now like when the Fed was raising rates, cutting rates is going to have a lag effect as well. Let’s just hope that the fed is not too late.
Markets =/= the economy. Markets are forward looking, so even if the economic effect of the cut is lagging, the expected effect on stocks will be priced in right away.
@@JujuForTheWin yeah they are looking however, how much damage will there be because the more damage the economy has the harder and longer it is to recover
Look guys, we all are great armchair quarterbacks. But we can't actually play football. So, let's just keep that little bit of reality in the backs of our minds when we try to be economists.
When does Tom Lee take investment decisions when he is sitting in news rooms all day
Can CNBC fire this old guy already?
tom doesnt sound as bullish as normal
Some please remind Tom that the Fed has a dual mandate - inflation and labor. The Fed did not miss the "inflation turn" in 2021. The labor market was in shambles for most of 2021. That's why they did not start hiking sooner.
It’s already too late for a “soft landing”. Look at the job losses and housing market.
Only thing that will justify a cut is a market crash
At the risk of oversimplifying, it’s not so important that bitcoin is “linked” to the movements of gold. Instead, it more significant that bitcoin moves are DE-linked from the dollar, as a statement on the principles of DeFi, scarcity, and currency debasement. While bitcoin bears similarities to precious metals in that respect, its moves upward will continue to be more exaggerated due to its TRUE scarcity vs mineable metals and other producible commodities.
The most important consideration for BTC is that the false narratives are maintained. Should the truth about BTC and the hijacking of Bitcoin ever gets revealed, BTC will be heading for zero. You should keep an eye on the legal efforts going on in the UK.
I wonder what Laurence Summers personal portfolio looks like? How "Risk On" is Larry now?
Love you Tom!
Bitcoin can go to zero. Lots of times, people throwing stuff out that is not actually what they "understand".
Tom “Mini Wang” Lee
That makes sense.
6:37
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