Here is the post for the Daily Leo Talk. In preparation for the upcoming Microblogging features, this is a good place to start conversations, posts charts, memes, trades, or anything else that comes to mind.
Let us boost our overall numbers by posting lots of comments throughout the day. Spread the word to get others involved.
It is a great way to stimulate engagement.
We can think of this as a Reddit type engagement thread. We are not dealing with long form content so topics of discussion can start off with a top line comment. We can fill in from there.
We are open 24/7/365.
Stay Informed About LEO!
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Another half million in the bag. Time to get to 102 million.
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Did you guys see this?
HBD has been absolutely spilling out of UpBit like a burst river levee:
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Saw it now, thanks :)
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Yeah there was a lot of fear for what they owned. They were behind the pump to $3 with $HIVE and now they are reversing their course as the price sinks lower.
They might pump $HIVE again.
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Yeah, but have you checked how much Hive is on Upbit? It's a massive chunk of what's out there in liquid form.
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The Fed, not surprisingly, raised interest rates again in an effort to get a handle on inflation.
This is going to end very bad. The market perked up but it is going to hit earnings hard.
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Sigh...
I wonder what else is coming.
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Recession.
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Aah, the dreaded word.
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Interestingly, against the backdrop of such aggressive hikes by the FED, EUR and GBP have completely reversed their post-pandemic gains.
Also not surprisingly, the rate hike was too small for what is required. 75 basis points would have made more sense at any time before 2021. A strong economy can handle higher interest rates. The fact that Wall Street wouldn't allow that to take place shows how weak the economy truly was. We could even say that the economy has been on a ventilator since 2009.
Consumer price inflation made its return with a vengeance after that, and there's no sign of it backing down. What is needed are large enough rate hikes to the point where consumer price inflation retreats. I don't see that happening.
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I totally agree with this. I would even say that the crisis was looming even without COVID-19. Now just imagine how much Fed has to raise the rate to curb inflation which is the highest in 40 years.
Whatever the rate of consumer price inflation is, the interest rate needs to be higher than that. That's what it will take to bring consumer price inflation to heel.
The question is how long will it take before interest rates reach that level. We're screwed no matter how long that time is, so we may as well get it over and done with. The Fed, on the other hand, doesn't see it that way, so it will take its time in hiking interest rates thinking it's doing the right thing. But it's not.
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We dont have a strong economy, that is the problem. The Fed is hiking as things are slowing down.
As for the CPI, the Fed has nothing to do with this. Their moves are not going to help with supply chain issues. Instead, they can only affect demand.
We are in the least talked about depression ever. Since 2009, we are trailing long term growth rates (heading into the GFC) by more than $5 trillion in the US alone.
There is no money to keep growth going.
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I thought about referring to consumer price inflation as CPI, but CPI usually refers to Consumer Price Index. I'm referring to inflation itself, but the problem is with the price of consumer goods as opposed to the price of assets (which is essentially the Wall Street domain). So I kept writing "consumer price inflation" instead.
Financial media still talks about "The Great Recession" of 2009. Recession had become the preferred term of choice after the Great Depression of the 1930s, but the words mean almost the same thing.
For the least talked about depression ever, I refer everyone to two articles covering the Depression of 1920-1921:
While technically taking place during the existence of the Fed, the Fed then was still finding its way after just a few years of operation. So essentially this financial depression was allowed to work itself out. It was sharp, and it sucked-- but then it ended as suddenly as it had arrived. Since there was minimal to zero Fed involvement here, this one will rarely if ever get discussed in corporate legacy media.
I seriously doubt the upcoming recession/depression will be that brief. We're freaking doomed.
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It looks like a quickening is taking place, supposedly QT is starting now at the same time. taking away some liquidity is sure to drop the market even more. On top of all that stock buybacks are going to be a lot less.
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Poor decision or great one?
So I am in the process of building some funds from current holdings to send across to get active in PolyCub and pHBD. What are peoples thoughts. Is now a bad time or the right time for it?
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Is your goal to build your HIVE stack?
If yes, your options are:
Power up on Hive and get 16% with no impermanent loss risk.
Move half to POLYCUB and earn 100% with the risk of impermanent loss to POLYCUB.
That is a HUGEEEE difference in potential to earn on your HIVE.
It comes down to whether you believe the higher yields outweigh the price risks on the POLYCUB side.
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That is another good idea. 16% APY sounds good
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Not a bad idea at all
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There is no poor or great one on this I guess. It depends on what one is trying to achieve :)
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Trying to make money 💰
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I wish you the best on that :)
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I always seem to lose more than gain 😪 ah well maybe one day
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Hehe, that sounds a lot like me, lol!
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Profit is sure. Keep on trying
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The more knowledge and understanding of these thing I acquire, the less my losses become by day, since one have to learn when to make some certain moves.
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That is fantastic! It pays to learn along the way, it makes us avoid some serious mistakes and losses.
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Knowledge first in anything because if you are blind by making money for fast ,you will pay the price of not seeking for knowledge
Gain may not be seen at the initial point. But understanding what you are up for gives you the courage to continue.
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Exactly! It depends whether we are looking at short-term gains or long-term too.
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The gain almost everyone wants is the long-term except otherwise.
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I wish everyone wants long-term, there are those who want it soon hehe :)
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Definitely,most times our decision is just base on what will are actually hoping on
I agree with you. When we want profit now or sometime later, then our actions will be different.
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Yeah!!! you are right. Decision is really the determinant.
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I think there is no any bad time,it only depends on your target
I staked about 1200 LEO today.
How many others joined in? What did you stake?
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Wow!! This is huge, congratulations Sir. I wasn't to stake anything because my current hive is too low.
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You will grow it as long as you stay consistent :) All the best!
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I hope so.
Thanks for the the motivation.
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You are welcome :) Cheers Isaac!
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Yeah it was nice to add a good chunk.
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I only staked 200 because I was hoping to stay under the 20k threshold
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Congratulations! I went for a little tour and saw your Leo stakes :) It's nearing 20k indeed.
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it's getting there :)
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Yes, you got a juicy LEO stack :)
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That's awesome! Congrats! I did a 350LEO
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This is an interesting one.
Congratulations dear
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Thank you, small amounts add up hehe
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That is huge.
Congratulations.
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Stuff it, I wasn't going to do it but you've inspired me late.
1500 LEO staked to support LPUD :)
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That's an awesome support! Kudos!
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Wow!!
The support will go a long way.
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Na I always get small upvote on Leo ,I would have be part of power up Leo challenge by now
You can prepare for the next month hehe
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Today was an exciting day. Good luck to those participating in LPUD.
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There is still time to join the LPUD. As far as I know, there's still time to join, according to Pacific Time (PT).
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Tried all what I could to buy some leo but after calculations I wasn't able to get that amount. Just hoping to be able to participate in the next LPUD.
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I wish you success in the next one.
I thought the prices would increase as the LPUD approached, so I prepared ahead of time.
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Thank you for the kind words. I will try my best 😊.
This is great news. Glad it will help us pass 10K :)
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Oh really, that's good.
I think we had some wholesome number of participation
Yes it was pretty good. I think next month may be better.
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It is! It seems we are getting quieter a lot these days
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It seems to me as well. Could it be related to the state of the markets?
Let's raise the voice.
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Yeah people tend to engage less but both from a financial and emotional perspective I think we should do the opposite and engage more in these times
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I totally agree with you. We should be more engaged. In fact, I think the advantages of being more engaged at these times are more.
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Starting my engagement today, I hope to be consistent.
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Welcome aboard Isaac! Engagement is a great way to learn and to divert our attention from the market :)
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Thank you.... Knowledge from this platform will go a long way.
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Haha... I tried it too.. Not really easy but very much achievable.
The first few days went well... Then a break set in and next was the struggle to comeback.
But then taking the step to start was of good intent.
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I will try my best to achieve this,
It's fine you are back.
Yes, it's not easy, but it's great to be here.
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Welcome to us.
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Thank you 😊.
Talking to the next person might as well relieve the financial emotional stress
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That's true Monica :) So it's awesome that we are here, talking hehe
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And if market bites me, I will hold unto your skirts 😂😂
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The ease of emotions is another interesting part of it as I wait to learn from the old lions
I agree with that too.
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Some might be on the charts :) Let's go make some buzz!
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I fell asleep too :)
Let 's do it.
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Haha, sleep is important too. I would be sleeping in two hours maybe. 8 pm here in my side :)
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Sleep is important but I fell asleep looking at the comments :)
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It is indeed getting quite around here.
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Yes, it looks like that. Let's break the silence
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Let's do than then! Roaaaaaar!
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Let the lions roar!
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Rawrrr! LOL! Good morning! It was utterly quiet so yes, make some noise haha!
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Hahaha on it, just rather busy at the moment.
I do my best multitasking.
Have a great Thursday 👋🏻😁
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It's challenging but at least, we keep showing up :) Good morning!
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Yes, it sure is. But we are still here everyday 😎💃🏻💃🏻😁 yay to us 🥳🥳🥂
Thanks 👋🏻 good afternoon to you!
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Congratulations, you're doing great.
I wish you a great day too.
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Thanks @rtonline 😁
Enjoy yours…
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Yeah, all I can do now is curate. I find nothing interesting to share from CoinMarkets.today.
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Nothing interesting to make chika about hehe
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😆
It is good to see these things taking place to help bring awareness to what is going on.
Leofinance is starting to make some waves. We have a solid foundation. We just need to keep building on it.
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I totally agree with what you said.
I think we're in a great time to build and I'm trying my best to seize these opportunities. As my account on the LeoFinance grows, I feel a little more comfortable. I know great things are going to happen on the LeoFinance in the future, and until then I will continue to build.
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REMINDER!!!
Get all those #CANDIES.
It is that time again.
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I got my 20 candies today. Thank you.
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Collected 60 today… 🎉🎉🥳🥳💃🏻💃🏻 Tomorrow is the big day… 😉😁
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Congratulations! Let's celebrate when it comes hehe
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Congrats to you too…
Today is the day 🥳🥳🤩🤩🥂🥂🤞🏻🤞🏻💃🏻💃🏻Thanks @ifarmgirl 👋🏻😁
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Thank you and yes, in approximately 14 hours haha
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That’s not that long anymore hahaha lol 😁😜🤣😂
The day will fly by before we know it…
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Yes, time walks fast then flies, lol!
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I actually have been avoiding going on Coingecko, been to scared to look at my portfolio's current value :(
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Thankfully it's possible to get CANDIES at CoinGecko without having to look at any portfolios. The worst it gets for me is looking at the ETH Gas Fees.
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ok good, I am going over now to start claiming again. Although it was actually helpful to not even go on Coingecko for a few days. I feel a lot more relaxed rather than stressing every 5 minutes looking at charts
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Indeed, one doesn’t have to look.
I just have a tap open with the collecting page… so all good 😎
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I just go there to take the candies and then leave soon as they get into the jars :)
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Dash in and dash out.
No time to get emotional over some portfolio
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60 has been bagged today. Almost there!
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What does LPUB stand for?
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Leo Power Up Blog, maybe :)
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I was just wondering. It's possible.!
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So is it right?
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I don't know :) no explanation yet.
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LPUD -- LEO Power Up Day (the 15th Day of each month). This is the first of many.
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I know LPUD, I asked about LPUB. LPUB is written in the title.
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The Fed announced that it was raising interest rates by 75 basis points. What problems do you think increasing interest rates solves? And what would happen if it wasn't increased?
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Seems TM has answered this below :)
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Hmm, I didn't, let me check.
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The days of free money for Wall Street are over. It only took 14 years, but it happened. Zero interest rate policy or near-zero interest rate policy-- ZIRP or NIRP-- were meant to be temporary, but Wall Street got hooked on what it saw as free money.
The few times the Fed tried to hike interest rates more than 25 basis points during this time, Wall Street reacted with temper tantrums in the stock markets. As a result, the Fed retreated or stayed. Instead of disciplining the child with tough love, the Fed behaved like a bad parent and allowed the child to fall into bad habits.
Now that consumer price inflation is a major threat to the global economy (not to mention many of the larger regional economies), there is no choice but to raise interest rates enough to cause consumer price inflation to retreat. With consumer price inflation on the door of 10%, interest rates need to be hiked to a level close to that if not higher to break it.
No matter how quickly the interest rates get hiked or how long it will take, there will be pain. The right move is to inflict sharp pain to initiate a "quick" recovery. The wrong move is to increase the interest rate drip by drip over a longer time period and cause the pain to linger like a dull pounding headache.
Sadly, the Fed will wimp out and raise the interest rate in drips and drabs. We lose either way, but the pain will be with us for a longer time now.
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It is true that whether they increase the interest rates or not, the pain will be with us for a long time.
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Bitcoin to $10K?
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Warning!!! - Hackers Are Cloning Web3 Wallets Like Metamask and Coinbase Wallet to Steal Crypto
https://leofinance.io/@successforall/warning-hackers-are-cloning-web3-wallets-like-metamask-and-coinbase-wallet-to-steal-crypto-bitcoincom
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Thank you for the heads up :) Stay safe!
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Warning!!! - Hackers Are Cloning Web3 Wallets Like Metamask and Coinbase Wallet to Steal Crypto
https://leofinance.io/@successforall/warning-hackers-are-cloning-web3-wallets-like-metamask-and-coinbase-wallet-to-steal-crypto-bitcoincom
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