Anonymous wrote:

Yeah, it’s pretty bad.
Plus, Brent crude now at $112, and the dollar weakening so much they are looking at other currency to prop it up:
Dollar/yen exchange rate hits 160
In another sign of market tensions, Japan’s yen has fallen to its lowest level against the US dollar since July 2024.
The yen/dollar exchange rate has weakened to ¥160 to the $, a significant level that could prompt Japanese financial intervention to prop up the currency.

Anonymous wrote:

Government sanctioned money laundering. What could possibly go wrong.

“.. even if the conflict is wound down within weeks, fertilizer disruption alone would cause US food inflation to rise from around 2 per cent to 4 per cent year on year. If fighting drags into the summer, she warns, the increase could reach double digits.”

https://www.ft.com/content/27e07c19-723a-4fce-adab-82538c350e74?syn-25a6b1a6=1

Anonymous wrote:If this administration could finally be the death knell for the unbreakable yet false assumption among Americans that Republicans are better for the economy I would be soooo happy.

That GOP strategist thinks the problem is their messaging, not their policies.

Anonymous wrote:If this administration could finally be the death knell for the unbreakable yet false assumption among Americans that Republicans are better for the economy I would be soooo happy.

I wish. If only this were true. He still has a 39% approval rate, when it should be 9%.

If this administration could finally be the death knell for the unbreakable yet false assumption among Americans that Republicans are better for the economy I would be soooo happy.

Gas vs crypto-

I remember that many years ago, maybe when gas prices were soaring in the 2000s, somewhere a guy who owned a bunch of gas stations offered customers the chance to lock in their gas prices several months into the future via advance payment, betting that the price would go down and he'd make a bunch of money. Then they came to fill up and the prices were even higher. Not sure if that was even legal.

Anonymous wrote:

My son has a bunch of money in crypto. I don't know what coin(s) he has but I know that it has soared and crashed from time to time. How will they determine the value of the crypto in this case? Do people hedge using various crypto resources? But don't they tend to rise and fall together? Is there something like a volatility index for different kinds of assets?

I know, vaguely, that pre-Trump (at least) the crypto bros want it to be a commodity to avoid SEC regulation as whatever the other kind of financial asset is.

What happens when the crypto collateral crashes? Can the mortgage holder call in the loan like they can if you borrow against stocks in a brokerage account?

Anonymous wrote:

#winning