Following macroeconomic situation and all the financial markets being on tight grip I anticipate lower targets for btc and spx this 20% decline will make btc fall more than 40% and that would be a target of around 14. Today, Aug 27th, investors moral is quite low and I believe this was the real DEADCAT BOUNCE that we were expecting.
Think you're right - and the Fed's not going to protect your portfolio.... Euro-zone inflation is expected to hit 9% when the latest data is released on Wednesday. Isabel Schnabel, a member of the ECB’s Governing Council said “If central banks underestimate the persistence of inflation the costs could be significant”. “unprecedented pipeline pressures, tight labor markets and remaining constraints on aggregate supply threaten to fuel an inflationary process that becomes harder to control with the more hesitancy to act on it”. “Both the probability and the cost of the current high inflation becoming entrenched is uncomfortably high,” Schnabel said. François Villeroy de Galhau, governor of the Banque de France, repeated the aggressive tone and warned on Saturday that price growth could spiral out of control if strong action is not taken, saying a greater “sacrifice” will be needed to contain inflation, and policy “must remain tight for an extended period” adding “Our will and ability to carry out our mandate is unconditional.” The remarks follow the meeting of central bankers from around the world in Jackson Hole in Wyoming, US where Federal Reserve Chairman Jay Powell made an “unconditional” commitment Friday to curb inflation.
alirezaadham20
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@mjcpaull, 100% agreed with you. The world is going through a war rn as well, not sure how people manage to stay optimistic when it comes to economics. (people who weren't ready for this massive decline haven't sold yet, they don't want to realize this loss.)
Euro-zone inflation is expected to hit 9% when the latest data is released on Wednesday.
Isabel Schnabel, a member of the ECB’s Governing Council said
“If central banks underestimate the persistence of inflation the costs could be significant”.
“unprecedented pipeline pressures, tight labor markets and remaining constraints on aggregate supply threaten to fuel an inflationary process that becomes harder to control with the more hesitancy to act on it”.
“Both the probability and the cost of the current high inflation becoming entrenched is uncomfortably high,” Schnabel said.
François Villeroy de Galhau, governor of the Banque de France, repeated the aggressive tone and warned on Saturday that price growth could spiral out of control if strong action is not taken, saying a greater “sacrifice” will be needed to contain inflation, and policy “must remain tight for an extended period” adding
“Our will and ability to carry out our mandate is unconditional.”
The remarks follow the meeting of central bankers from around the world in Jackson Hole in Wyoming, US where Federal Reserve Chairman Jay Powell made an “unconditional” commitment Friday to curb inflation.