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/biz/ - Business & Finance

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28137357 No.28137357 [Reply] [Original]

Realistically (grown up talk here), when does the meme market end? I'd say when the Fed finally raises rates, but obviously they can't just continue their trajectory.

Maybe a tight 2021 range?

>> No.28137548

>raise rates
LOL
they can't anon. to raise rates on monday is to see the market disintegrate on tuesday, the united states to burn on wednesday, and total global war on thursday

>> No.28137803

>>28137548
They gotta do it. More GME stuff will pop up all over financial markets soon enough.

>> No.28138181

>>28137357
When it's challenged by a system with better memes.

What will probably happen is bad poverty as the U.S. banking system becomes more and more inefficient.
Then breakaway groups like amazon corp, google corp, etc., will offer services that the former government offered.
Then markets will decouple from USD and likely be based on energy/electricity.

>> No.28138211

>>28137803
>They gotta do it
nope. they'll fly the dollar into the ground before they raise the rates their chums borrow in.

to answer your qestion tho - i expect the meme market for bitcoin to end by october, the wider market before xmas if they plan to blame trump

>> No.28138286
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28138286

>>28137803
>they gotta do it
Did you even listen to the last FOMC? One of the journalists asked Powell if he was worried about "high levels of speculative activity" or w/e, and he implicitly shit all over the very notion. It's not going to affect their decision in the slightest. They aren't doing shit until the PPE sits above 2% for years.

>> No.28138738

>>28138286
That's pathetic. Powell is going to get such a bad reputation when they write the history books. At least Greenspan had ideology. Powell is just a battered wife.