Investing General Discussion
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Sanrith Descartes
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ToeMissile
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Burnem Wizfyre
Log Wizard
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tugofpeace
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Holy moly, I have SPX calls expiring tomorrow that might print. This move on SPY is nuts, hope it holds through premarket
Seananigans
Honorary Shit-PhD
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What, you don't want more avenues for crazy leftists to persecute normal businesspeople ala gay wedding cakes?
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Captain Suave
Caesar si viveret, ad remum dareris.
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Ignoring the logistics, the first thing they'll realize is that this is a giant clusterfuck because now they have to keep track of the floating dollar <> gold exchange rate.
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Haus
I am Big Balls!
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But in a scenario where cash, gold, and silver are all legal tender.... Why in the name of God would you EVER spend gold or silver instead of cash? Your cash is CONSTANTLY being devalued and debased, the metals aren't. You should be spending the cash to buy more gold and silver...
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Rangoth
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This is my concern with bitcoin, while I understand the dollar loses value, why would I buy so,ething with bitcoin when within 3 months the value will fluctuate 20%? It only works as a currency if other money goes away, which it clearly will not anytime soon. So at best it’s a hedge, like gold for the foreseeable future.
Sanrith Descartes
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So the open is going to be interesting. If you believe the courts have the right to say the President cant issue tariffs then you expect markets to run wild going forward. If you think this gets overturned, then the run gets sold off hard as soon as it's overturned.
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tugofpeace
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So the open is going to be interesting. If you believe the courts have the right to say the President cant issue tariffs then you expect markets to run wild going forward. If you think this gets overturned, then the run gets sold off hard as soon as it's overturned.
I'd be surprised if it gets overturned by morning. Funds wouldn't be piling into the indices if that was a likely outcome right?
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Haus
I am Big Balls!
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And he has two options for re-issuing the tariffs (The Tariff Act itself and the Reciprocal Tariff Act) which would both be far harder to find legal basis to overturn. This injunction/judgement was over him using the economic emergency powers BS.
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Sanrith Descartes
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I wasn't implying it gets appealed before the open. Was just looking at the next week or so.
Arden
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Ofc. This is ONE of the reasons why BTC was never going to be the day to day common currency. It doesn't need to be. BTC's value is as an appreciating store of wealth.
Is it a hedge? Yes. Is it a life raft against fiat debasement? Absolutely. Are you going to go into a 7-11 to buy a Gatorade with it? Probably not.
You might as well go down to Florida and shave a sliver off your gold bar to buy a burrito at Chipotle- same idea.
Good luck trying to tell a BTC maxi this, of course, but normal people come to this realization pretty quickly.
(Yes, Layer 2/3 solutions aim to make microtransactions viable. Maybe someday those stack layers will smooth things out enough for seamless, everyday use. But let’s be honest, that’s a big "maybe," and most normal people aren’t interested in going through that process just to buy a Gatorade.)
tugofpeace
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Jysin
Bronze Baronet of the Realm
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While markets are euphoric with this court ruling on tariffs, the elephant in the room now becomes the current spending plans / tax cuts, which were supposed to be financed via tariff revenues.
Bullish continuation and new ATHs are still challenged with even more economic uncertainty now.
My 2c
Bullish continuation and new ATHs are still challenged with even more economic uncertainty now.
My 2c
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Kithani
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Doesn’t that just lean even harder into Blazin’s “money printer go brrrr, stocks go vroom vroom, but purchasing power take da boom boom” theory?
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