It's time for us in the tech world to speak out about cryptocurrency

Re:It's time for us in the tech world to speak out about cry... by atomicnumber3 on Sunday May 30, 2021 @05:17PM (#27336897)

I think they're referring to the ratio of household wealth to total value of the fed balance sheet. Which is a number easy to calculate and his claim is factually true (mostly because the fed balance sheet has never been bigger).

But while his claim is true, in a Boolean sense, I don't know what exactly we're supposed to conclude about the world based on it. This isn't a ratio I've ever seen talked about before.

I'm guessing they're insinuating that the size of the feds balance sheet is somehow related to inflation, which it is only in a fairly loose sense.

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Re:It's time for us in the tech world to speak out about cry... by delaaxe on Sunday May 30, 2021 @05:24PM (#27336960)

Some analysts joke that the first thing you’re shown when you arrive in hell in a chart of the S&P divided by the Fed balance sheet

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Re:It's time for us in the tech world to speak out about cry... by TchoBeer on Sunday May 30, 2021 @06:28PM (#27337509)

What's the joke I don't get it

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Re:It's time for us in the tech world to speak out about cry... by chrisco255 on Sunday May 30, 2021 @05:33PM (#27337049)

That US household net worth is falling despite the fact that real estate prices and stock prices are near all time highs.

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