Re:The crypto crisis has created an advertising vacuum
by lamontcg on Monday July 04, 2022 @09:33PM
(#31983384)
We still haven't seen a month of negative employment numbers yet.
The fed rate is still under 2%, it was 2.41% in March of 2019, there's still room to continue to take the punchbowl away.
Gas prices are still high and inflation is still pretty much on a tear. It took a bit of a pause but $110/bbl oil is still quite high.
This is not even a recession yet.
At the same time though the fed tacking on 50 and 75 bp rate hikes and talking about how they want to puncture the housing market sounds like we're definitely going to have one. And I don't think that is just all talk since we've seen actual increases in real labor costs, unionization and a large overhang of jobs, along with worker sentiment towards job hopping and zero job loyalty.
So I very much think we're only at the start here. The Fed is going to continue to jack up rates until something(s) in the real economy significantly pops. And Zuckerberg and Musk have been talking tough-economy talk and they're likely bellweathers for what the CEO/billionaire class is thinking.
I don't think we've seen the crypto crash yet.
When (not if) Coinbase pops then I think we'll be in the middle of it.
The fed rate is still under 2%, it was 2.41% in March of 2019, there's still room to continue to take the punchbowl away.
Gas prices are still high and inflation is still pretty much on a tear. It took a bit of a pause but $110/bbl oil is still quite high.
This is not even a recession yet.
At the same time though the fed tacking on 50 and 75 bp rate hikes and talking about how they want to puncture the housing market sounds like we're definitely going to have one. And I don't think that is just all talk since we've seen actual increases in real labor costs, unionization and a large overhang of jobs, along with worker sentiment towards job hopping and zero job loyalty.
So I very much think we're only at the start here. The Fed is going to continue to jack up rates until something(s) in the real economy significantly pops. And Zuckerberg and Musk have been talking tough-economy talk and they're likely bellweathers for what the CEO/billionaire class is thinking.
I don't think we've seen the crypto crash yet.
When (not if) Coinbase pops then I think we'll be in the middle of it.