Podcast and Chill #80
Fed Downplays Banking Crisis; Gold, Bitcoin & Inflation; ETH Staking
Today’s 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.
“Jim Bianco of Bianco Research joins Forward Guidance to break down the Federal Reserve’s meeting on May 3rd, during which Fed Chair Powell noted that “conditions in the banking sector have improved.” Shortly thereafter, shares of PacWest Bank ($PACW) plummeted.
Bianco and Farley also explore whether this is the Fed’s last hike in interest rates, and how the consequences of the looming debt ceiling will impact the banking system and markets.”
“We need to live in a deflationary world. Therefore, we need a currency which matches that world. So we’re trying to push an inflationary currency story (based on Keynes’s wrong premises), against a deflationary world that needs more efficiency, not more growth.” — Lawrence Lepard
“Staking in Ethereum is increasingly harder to understand. Experts Sreeram Kannan and Konstantin Lomashuk go deep into all things staking, and how to understand the risks.”