teatree in # bitcoin • 28 days ago • 1 min readHas Jim Cramer jinxed bitcoin?He famously gets all his calls wrong. In 2022, when bitcoin was at $16,000, he famously called people who buy bitcoin "idiots". He was convinced bitcoin was dying. Of course that was the bottom…teatree in # hive • last month • 1 min readHive attempted a small pump yesterdayHere is the chart: As usual it couldn't hold onto the higher prices. The Decentralised Hive Fund (DHF) distributes about $700,000 in Hive to favoured developers, who immediately sell. The…teatree in # france • 6 months ago • 1 min readSecond round of French voting on July 7thThe French held their first round of voting for the elections for the National Assembly last Sunday. For each constituency, any party that wins over 50% of the vote wins outright. Otherwise the…teatree in # crypto • 6 months ago • 1 min readThe French elections on 30th June may affect cryptoBitcoin entered the mainstream in 2013 because of the Cyprus crisis. Capital controls were imposed. And people's savings were seized in a "bail-in" to recapitalise the banks. The French elections…teatree in # crypto • 6 months ago • 1 min readThe Steem and Hive prices collapsed because of South KoreaSouth Korea is bringing in new regulations for crypto exchanges from July 19th. Exchanges will have to assess all tokens on their exchanges against new regulatory criteria. If the tokens don't…teatree in # economy • 2 years ago • 1 min readItaly's inflation hits a 38 year high in OctoberHere's the chart: source The surge is down to energy costs. The Italian statistical agency ISTAT said energy price inflation leapt to 73.2% from 44.5% the month before. This is the result…teatree in # dollar • 2 years ago • 1 min readThe Dollar Index is approaching it's 2002 highHere is the graph: source This is driven by the weakness of the yen, euro and pound. However the Canadian dollar and Swiss franc are holding up better.teatree in # economy • 2 years ago • 1 min readGas use in Germany is lower than in 2021 for every month in 2022 so farHere's the graph: source Businesses and households started reacting to soaring prices in January. Which just goes to prove that price signals change market behaviour more efficiently than…teatree in # economy • 2 years ago • 1 min readBavaria needs it's nuclear power plants to stay openAccording to Politico: While nuclear power contributes less than 6 percent to Germany’s power mix, for Bavaria, it’s double that: The Isar II plant near Munich generates about 12 percent of…teatree in # economy • 2 years ago • 1 min readChina's money supply is expandingHere's the graph: source The money supply in the United States is contracting as the Fed tries to fight inflation. But this is having a negative effect on China - so they're trying to…teatree in # economy • 2 years ago • 2 min readFrance discovers it is not immune from the energy crisisIn the early days of the Ukraine war, when spot gas prices soared across Europe, President Macron cockily referred to how France's nuclear power stations made them immune to the energy crisis. In…teatree in # economy • 2 years ago • 1 min readPrice controls don't fix inflationI wanted to share a great video about how price controls don't fix inflation. In particular I believe the rush of govts to subsidise household energy to be misguided. If people don't realise…teatree in # economy • 2 years ago • 1 min readGerman inflation jumps to 8.5%This is based on the EU's harmonised calculation (designed to make it easy to compare countries in the EU). Here is the graph: source It was mainly caused by rising food prices, and the weak…teatree in # economy • 2 years ago • 1 min readThe Mighty DollarHere's the graph: source The Dollar Index contains six component currencies: the Japanese yen, the British pound, the Canadian dollar, the Swedish krona, the Swiss franc and the…teatree in # economy • 2 years ago • 2 min readThis could be huge - EU decides to cut gas consumption by 15%Liquified Natural Gas prices have been soaring across the world as shipments of LNG have been diverted to Europe, thanks to Europeans outbidding other customers in their desperation to fill their…teatree in # economy • 2 years ago • 1 min readThe UK is turning into a nation of mortgage-free homeownersLook at this graph: source People have obviously been paying down their mortgages for the last two decades, so now there are a substantial amount of people aged 50 and older, who own their…teatree in # economy • 2 years ago • 1 min readWorldwide Shipping Container Costs Are FallingCheck out this graph: source Compared to this time last year, they're down by 24%. A lot of the inflation we're seeing is down to shipping costs from last year. When the goods finally…teatree in # economy • 2 years ago • 1 min readWill Nordstream1 be switched back on?Nordstream1, the gas pipeline from Russia to Germany that goes under the Baltic Sea, has been shut for ten days for annual maintenance. It's due to re-open on 21st July, but the EU fears that…teatree in # bitcoin • 2 years ago • 1 min readThe number of wallet addresses with at least 1 bitcoin is at an all time highLook at this tweet from Glassnode (who specialise in crypto data: I think a lot of people have been taking advantage of the low crypto prices to top up their wallets. Bitcoin has risen to…teatree in # economy • 2 years ago • 1 min readAmericans are buying less gasolineA week ago I wrote about how Americans were still working from home: Not surprisingly, this is affecting the amount of gasoline consumed. Look at this chart: source The longer this goes…
