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A lot of valuations show it's very cheap. Maybe hardcore believers start buying below this price. https://hcburger.com/blog/powerlaw/index.html https://hcburge
by danuker 4y ago
A lot of valuations show it's very cheap. Maybe hardcore believers start buying below this price.
https://hcburger.com/blog/powerlaw/index.html https://hcburger.com/blog/powerlaw/index.html
https://twitter.com/DeFi_initiate/status/1576543256627724288/photo/2 https://twitter.com/DeFi_initiate/status/1576543256627724288...
Of course, being historically consistent is not mandatory. The models may break, especially now that we have higher interest rates.
- Aperocky 4y agoBetting against feds are fun! /s
- danuker 4y agoAgainst? Is the role of the Fed not to dilute the national currency?
- Aperocky 4y ago2020 and 2021 exist as years, the answer to your question is clearly negative, at least for certain time periods.
- danuker 4y agoYears since 1970 with the inflation rate below the supposed 2% target: 2020 2019 2013-2016 2010 2009 2002 and 1986. For a 52-year period, that's not too many years. Just a fifth. If the Fed were genuinely targeting 2%, I'd expect half. The geometric mean inflation rate of this period is 3.92%, almost double the stated target. I used data from here: https://www.macrotrends.net/countries/USA/united-states/inflation-rate-cpi https://www.macrotrends.net/countries/USA/united-states/infl...