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Lets all just thank the big central banks for pumping so much liquidity into the markets that people and companies are mostly clueless on what to do with the mo
by samsonradu 9y ago
Lets all just thank the big central banks for pumping so much liquidity into the markets that people and companies are mostly clueless on what to do with the money.
And now everything seems like a good investment, you see average companies maling little to no profit acquired for billions, the housing market growing year-on-year, the US stock market up ~20% YTD. What’s the surprise?
- prostoalex 9y agoRemains to be seen how much of the trading activity is new money vs people buying with other crypto, people buying with tethers they cannot redeem for USD or just plain old self-trading where one can move cash from wallet A into wallet B at arbitrary prices. Bitcoin exchanges are not exactly offering a high degree of transparency on their cash inflows.