Podcast and Chill #41
The Fed; Crack in Consumer Credit; Lummis/Gillibrand Crypto Bill
🚨 Big announcement tomorrow. Watch out for an email from the FG team.
Cheat Sheet -
Support and resistance levels and our daily, weekly and monthly bias on BTC, ETH, OIL, ES, and NQ as well as our favorite altcoins.
“You watch the Fed very carefully: you analyse every word; you try to see where interest rates are going; you try to see what the Fed’s doing. There’s an old adage, don’t fight the Fed.” — Steven McClurg
“In this episode, Mark and I tackle the growing bubble in consumer credit. We take a look at the personal savings rate and compared it to the sudden staggering increase in revolving credit. We discussed the evolution of banking in recent history, the growing and worrisome trend of "Buy Now Pay Later" and Apple's foray into that field, and covered the overall psychology of consumers during a recession.”
“Lewis Cohen, lead attorney at DLx Law LLC, joins to discuss the recently proposed Lummis-Gillibrand bill, the Responsible Financial Innovation Act, which he helped shape.”
Don’t miss Boomer’s Guide to the Bear Market. This Private Podcast focuses on the depegging of Tether, the blow up of Terra USD, how it relates to traditional markets, and possible contagion. Available to Premium Subscribers only.
Pay close attention to your emails this week. We are going to be announcing something special.