Bulls are misled by GDP, BLS models, and volatile assets like Bitcoin. The real unemployment rate is 7.2%.

This happens in Canada too! — Mothersilverape (@mothersilverape) December 15, 2024 https://twitter.com/j77324/status/1868113104136986809 https://twitter.com/dailyjobcuts/status/1867920697030578185 The labor market continues to weaken, hard to see a rebound in positive momentum at maximum employment. Employment to pop ratio is finally declining, however. pic.twitter.com/jRvCxKqDYI — Don Johnson (@DonMiami3) December 15, 2024 pic.twitter.com/cWReoeN4c2 — Captain Frans Banninck Cocq (@Pricetheory101) December 14, …

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Brilliant! Mortgage your future with volatile Bitcoin and a house. What could go wrong?

If you’re unsure Bitcoin’s a bubble, just read this tweet and its replies. – Deposit bitcoin, ~75-100% of the value of the house. – Bank buys the house, you live in it. – Loan is secured on bitcoin + house so double-collareralised (hence <100% bitcoin deposit). – Make small monthly interest payments, or just add …

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Bitcoin is so volatile and hard to value that it’s closer to a lottery ticket than an investment, top economist David Rosenberg says

Bitcoin and other cryptos are so volatile and hard to value that buying them is closer to gambling than investing, David Rosenberg says. Stocks are a claim on a company’s future cash flows, bonds and savings accounts pay out interest, while commodities have industrial uses and demand for them can be modeled using economic data, …

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Hedge Fund Magnate Paul Tudor Jones Favors Gold and Bitcoin as U.S. Treasuries Overtake Gold in Volatility for the First Time in 50 Years.

H/T: @TaviCosta — Barchart (@Barchart) October 10, 2023 Paul Tudor Jones: The U.S. Is Moving Towards an “Untenable Fiscal Position.” Favors Gold & Bitcoin Hedge fund magnate Paul Tudor Jones expressed concerns over increasing geopolitical risks and the U.S.’s rising debt, making stocks less appealing. Speaking on CNBC’s Squawk Box, he highlighted the precarious U.S. …

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Energy bills to remain ‘volatile’ for some time, warns Ofgem boss as seven million Brits face paying MORE this winter with most vulnerable put in desperate situation of choosing between ‘heating or living’

Energy bills for Britons will remain ‘volatile for some time to come’, regulator Ofgem warned today as it confirmed the price cap will fall after wholesale costs dropped. The cap will drop from an average of £2,074 per year to £1,923, but campaigners said bills remained unaffordable amid calls for an ‘urgent reboot’ of the …

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