Economy

LessAspin

(1,613 posts) Sun Aug 25, 2024, 10:43 AM Aug 2024

📈 Pavel Durov's TON 📉

Breaking up the Broligarchy or Revenge of the Broligarchs

Link to tweet

1 replies

= new reply since forum marked as read

Highlight:

📈 Pavel Durov's TON 📉 (Original Post) LessAspin Aug 2024 OP

Thank you for this post. The Fed needs to step up. Powell has done nothing on this. bucolic_frolic Aug 2024 #1

bucolic_frolic

(50,337 posts)

1. Thank you for this post. The Fed needs to step up. Powell has done nothing on this.

Reply to LessAspin (Original post)

Sun Aug 25, 2024, 10:53 AM

Aug 2024

All I know is every time Cathie Wood recommends the public buy some stock, it plummets 60% over the next 6-9 months. I mean look at the charts on PLTR, PATH, TDOC relative to articles in the financial press.

Crypto I won't try to comprehend. I know they burn electric and are safe transactions in process. But why there are different ones, and a limited supply of minted "coins", I have no idea. It's financial wizardry and accounting tricks. Double entry bookkeeping meets exponential money creation. Warren Buffet knows. Gimme a business with a tangible product and a balance sheet, and earnings, and growth. Don't need sorcery.

Reply to this discussion

Kick in to the DU tip jar?

This week we're running a special pop-up mini fund drive. From Monday through Friday we're going ad-free for all registered members, and we're asking you to kick in to the DU tip jar to support the site and keep us financially healthy.

As a bonus, making a contribution will allow you to leave kudos for another DU member, and at the end of the week we'll recognize the DUers who you think make this community great.

Economy

LessAspin

📈 Pavel Durov's TON 📉

bucolic_frolic

Kick in to the DU tip jar?

Tell me more...