It feels like this is more in line with people's emotions than with actual conditions on the ground right now if you take a step back and breathe There's some FUD but nothing is actually breaking TOO badly at the moment and things feel better than May or Sep 2020 comparativelyhttps://twitter.com/jonst0kes/status/1455255189196320774 …
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That said I'm mildly pessimistic about the economy or the supply chain issues improving dramatically in the near term
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@eigenrobot what's your read on the potential 11/3 Fed tapering for the tradfi/real estate/crypto markets? Would be curious to hear your thoughts1 reply 0 retweets 11 likesShow this thread -
Replying to @liminal_warmth
i have no thoughts about this are they committed to a taper lol are they reaaaaally committed to a taper
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Replying to @liminal_warmth @eigenrobot
What would the impact be if they did it
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Replying to @liminal_warmth
traditionally interest rates would go up and equities would decline relative to baseline case but who even knows at this point
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Replying to @eigenrobot
Hmm what does an equities decline do for alternative assets like real estate historically? Does money flee to those or do they also take a hit?
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Replying to @liminal_warmth
hypothetically real estate would also take a hit as borrowing costs increase but again. these days w h o k n o w s
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Replying to @eigenrobot
lol you're supposed to be an economist, Krugman would just tell me which way the market was gonna go
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im a bad economist because im not comfortable making obviously wrong pronouncements with utter confidence
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Replying to @eigenrobot
hahaha I was just fishing for the dunk, thank you for delivering I knew I could count on you robot
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