Did an FOH solidarity purchase and bought a quarter position of FBTC at $37.99. I doubt I will add to it unless Blazin convinces me to.
I know. I almost did $38.00 and it had been bouncing around $38.03 - 07 at the time and I was half hoping it wouldn't break $38 again so I went under a penny.
I'm not convinced that the govt isnt doing everything in their power to encourage people to throw all their money in the market, purposely tank it...cause everyone to lose a shit load load of money by panic selling...and /whoopsie...." it was a glitch ".
If the alternatives are 5.25% cash or 24% in the S&P (or even the 8% historical returns), then that math should be pretty easy. Especially if that doesn't take into account that the 401k contributions are pre-tax.
Foler
Totally unrelated but my Excel spreadsheet is still working great after years of daily usage.
Firefly 3 update. Got this all up and running using an old raspberry pi I had laying around. An old Pi 3 that I bought in 2018. Runs fine but I didn't realize that their data importer is an entirely separate application that is not part of their application and you have to do some bullshit to set it up under the hood of the local server setup. Big gay.
www.wsj.com
I won't believe any number that comes out of them until they agree to an independent audit.....
Fed Posts Largest-Ever Annual Operating Loss
The central bank’s deficit of $114.3 billion last year resulted from its efforts to stimulate the economy and then stamp out inflation.
The Federal Reserve ran an operating loss of $114.3 billion last year, its largest ever, a consequence of its campaign to aggressively support the economy in 2020 and 2021, then jacking up interest rates to combat high inflation.
The central bank paid more to financial institutions on interest-bearing deposits and securities than it earned from securities that it bought when interest rates were lower. That’s a result of it raising its benchmark short-term interest rate to a two-decade high, above 5%, last year.
The losses don’t affect the Fed’s day-to-day operations and won’t require the central bank to ask for an infusion from the Treasury Department. Unlike federal agencies, the Fed doesn’t have to go to Congress hat in hand to cover operating losses. Instead, the Fed created an IOU in 2022 that it calls a “deferred asset.”
Fed Posts Largest-Ever Annual Operating Loss
The central bank’s deficit of $114.3 billion last year resulted from its efforts to stimulate the economy and then stamp out inflation.
The Federal Reserve ran an operating loss of $114.3 billion last year, its largest ever, a consequence of its campaign to aggressively support the economy in 2020 and 2021, then jacking up interest rates to combat high inflation.
The central bank paid more to financial institutions on interest-bearing deposits and securities than it earned from securities that it bought when interest rates were lower. That’s a result of it raising its benchmark short-term interest rate to a two-decade high, above 5%, last year.
The losses don’t affect the Fed’s day-to-day operations and won’t require the central bank to ask for an infusion from the Treasury Department. Unlike federal agencies, the Fed doesn’t have to go to Congress hat in hand to cover operating losses. Instead, the Fed created an IOU in 2022 that it calls a “deferred asset.”
The people who raided the social security trust and put IOUs in don't see what the problem is.
The Fed is the most audited, most transparent financial organization in the world. The "AUDIT THE FED" people have no idea what they're talking about.
www.defensenews.com
