Hi Guys :-) Just asking if anyone knows if SafeEarth will be listing on BitForex anytime soon. I have SafeMars coin which is listed there and hope to buy into SafeEarth when it does come to BitForex. Cheers Lux :-)
So I mostly trade Forex rather than crypto but i do like crypto a lot, but the disadvantages for small traders in Forex like me are hilarious in comparison to almost any other market on earth. The banks are basically playing a different game - the brokers get screwed. (https://financetrain.com/how-is-blockchain-disrupting-the-forex-trading-market). There seems to be some adoption, but it’s all very nebulous (https://fixedincomeapac.wbresearch.com/blog/block-chain-basics - total beginner article for most people here but all i could find) I’m wondering if using stablecoins for Forex would actually be a great way to get an edge and start to break up the shadow FX market? Crypto already is talked about for international remittance (i use it for that all the time), but why not for more efficient, fair currency exchange? I think adoption maybe just isn’t wide enough yet for something like that to be worth it. I found one protocol that talks about Forex a lot in its marketing (https://coinmarketcap.com/alexandria/article/what-is-onomy-protocol) but that’s about it. Any others trying to do the same thing?
Pakistan's basic economic problem and why it has boom bust cycles
This is going to be a rather crude explanation but I'll give it a shot. Pakistan essentially spends more than it makes in international trade and what it does spend on is not what a developing country with a per capita income lower than that of Africa's average should. It's also a massive energy import ruining it's import balance and it doesn't try to curb energy demand as it would be extremely politically unpopular ( increasing petroleum levy). Explaining balance of payments - This is how much you sell to the world vs how much you buy or in econ jargon outflows vs inflows. Pakistan imports and buys a lot more from the world than it sells. A lot of what it does buy IS NOT necessary and needlessly harms the economy such as Kenyan tea. For this you can think of exports as a job and income and imports as what you spend money on/expenses. Note that spending more money than you make for a sovereign country isn't necessarily bad especially if you spend on buying machines and stuff that makes your factories make more stuff (look below) but in Pakistan's case it's typically used to fuel the consumption patterns of the upper middle class. Look at Sri Lanka when you don't have enough exports (income) and savings (forex reserves) to pay for your imports (expenses.) Capital accumulation and growth - To grow countries need to acquire machines and stuff that helps makes more stuff to put it simply. To do this a country needs to increase exports and then they will have more "income" to "spend" on buying new stuff to ideally make more stuff. Also an important factor is value added and global supply chains. If your a low income country like PK you will typically if you are exporting a mobile phone import 99% of the kit assemble it together and then sell it at a 1% margin with your small labour surplus value meaning you have a billion dollars in exports and only 10 million dollars in excess income to spend on what you want as the other 990 million went to just buying the phone in the first place for you to make your small profit margin. This is why to become a high income country one needs to go "high in the global value chain" as you are making a large margin meaning you will now have more external income space to import more productive machinery as an economy. Pakistan is like a spendthrift who racks up credit card debt relying on sugar daddies (USA, IMF, China) to cover it and spending on things that won't be useful (a political structure that obsesses over providing "relief to the common man") rather than productive things that will increase future export earnings such as machinery and capital goods to increase productivity. In contrast economically successful countries such as Bangladesh and the East Asian Tigers are like the smart person who lives within their means and then puts the money they do have into real estate, stocks and bonds to make them more wealthy in the future foregoing some temporary pleasure now for a better future outcome Policy recommendations to increase exports and improve the external balance :
Compress energy imports by relying on local Thar coal and then improving public transport massively.
Do permanent import compression on many consumer items
Lowering tariffs on raw materials/intermediate items needed in export goods (When exporters sell clothes then need fabrics and tariffs make them more expensive = making final product more expensive = making item less competitive on the international stage).
Provide export subsidies and export discipline. Those large companies who take massive subsidies but don't export should be cut out with immediacy. Taxes should be raised making life hell on earth for them and them and they should be highly financially encouraged to give their labour and capital to companies who do export.
Invest in education and infrastructure as this has a "bathtub" effect.
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Pakistan's basic economic problem and why it has boom bust cycles
This is going to be a rather crude explanation but I'll give it a shot. Pakistan essentially spends more than it makes in international trade and what it does spend on is not what a developing country with a per capita income lower than that of Africa's average should. It's also a massive energy import ruining it's import balance and it doesn't try to curb energy demand as it would be extremely politically unpopular ( increasing petroleum levy). Explaining balance of payments - This is how much you sell to the world vs how much you buy or in econ jargon outflows vs inflows. Pakistan imports and buys a lot more from the world than it sells. A lot of what it does buy IS NOT necessary and needlessly harms the economy such as Kenyan tea. For this you can think of exports as a job and income and imports as what you spend money on/expenses. Note that spending more money than you make for a sovereign country isn't necessarily bad especially if you spend on buying machines and stuff that makes your factories make more stuff (look below) but in Pakistan's case it's typically used to fuel the consumption patterns of the upper middle class. Look at Sri Lanka when you don't have enough exports (income) and savings (forex reserves) to pay for your imports (expenses.) Capital accumulation and growth - To grow countries need to acquire machines and stuff that helps makes more stuff to put it simply. To do this a country needs to increase exports and then they will have more "income" to "spend" on buying new stuff to ideally make more stuff. Also an important factor is value added and global supply chains. If your a low income country like PK you will typically if you are exporting a mobile phone import 99% of the kit assemble it together and then sell it at a 1% margin with your small labour surplus value meaning you have a billion dollars in exports and only 10 million dollars in excess income to spend on what you want as the other 990 million went to just buying the phone in the first place for you to make your small profit margin. This is why to become a high income country one needs to go "high in the global value chain" as you are making a large margin meaning you will now have more external income space to import more productive machinery as an economy. Pakistan is like a spendthrift who racks up credit card debt relying on sugar daddies (USA, IMF, China) to cover it and spending on things that won't be useful (a political structure that obsesses over providing "relief to the common man") rather than productive things that will increase future export earnings such as machinery and capital goods to increase productivity. In contrast economically successful countries such as Bangladesh and the East Asian Tigers are like the smart person who lives within their means and then puts the money they do have into real estate, stocks and bonds to make them more wealthy in the future foregoing some temporary pleasure now for a better future outcome Policy recommendations to increase exports and improve the external balance :
Compress energy imports by relying on local Thar coal and then improving public transport massively.
Do permanent import compression on many consumer items
Lowering tariffs on raw materials/intermediate items needed in export goods (When exporters sell clothes then need fabrics and tariffs make them more expensive = making final product more expensive = making item less competitive on the international stage).
Provide export subsidies and export discipline. Those large companies who take massive subsidies but don't export should be cut out with immediacy. Taxes should be raised making life hell on earth for them and them and they should be highly financially encouraged to give their labour and capital to companies who do export.
Invest in education and infrastructure as this has a "bathtub" effect.
It has been nearly 3 years since the first case of COVID was discovered. What’s the biggest investing lesson you learned since then? Industry Discussion Comments || Link
St.Louis Fed President Bullard said the Federal Reserve will likely have to keep its benchmark interest rate above 5% for most of 2023 Comments || Link
Will Tiger Global survive? Their public portfolio is down 60%+ this year - they'd have to earn back all of that before charging any performance fees again. Discussion Comments || Link
Is this a good time to buy the dip and pick up a basket of select blue chip stocks ? Or is the market still grossly overvalued? This is what I'm thinking of doing Discussion Comments || Link
I called it back in June before the first wave of bankruptcies (Celsius, Voyager Digital, Three Arrows Capital). Nobody on Webull wanted to listen, they thought it was all FUD. Now I’m telling everyone here that the insolvencies are nowhere near over. We’re in the End Game now. WARNING Comments || Link
I need some advice since i live in a third world country that does not know what trading is and what the forex means so no one in my country can help me! In the beginning i started training on a demo account but i was careless and i didn't really learn any thing because i was trading with a virtual money so i made up a way for me in order to train, i keep depositing 10 to 15 USD until i can mange to preform well after 8 months of losing, i kept blowing my account until i become good at it, on the 9th month i started turning 15 USD to 77 and 80 USD in tow weeks (for three times in a row) which made me sure that this isn't luck but after reaching the 77 and 80 i blow up my account in each time of them, three times i turn 15 dollars to 80 dollars in a row then blowing the account up, which drives me crazy why on earth do i preform well with 15 USD but failing with 80 ?!! i thought maybe because the lack of fear, i was thinking to manipulate my self by splitting my account in tow the first one will be frozen i will gather all the profits in it while the second one the trading one keeping it at 15 USD all the time while trading to keep the fear of seeing the cursed zero balance. or should i fund my account properly but i keep blowing my account up at the end!! I am about to quit trading what should i do?!
I could start with the fact that Fed chair Powell said "fight against inflation expected to bring to pain" likely alluding to continued rate hikes. I could speak about Wall Street increased adoption of and pivot toward cryptocurrency. Or I could go no at length about the uncertain regulatory atmosphere. But increased of talking about what might happen based on what individuals say, we will dive into what the market and investors are actually doing. Firstly, the market cap of crypto in general has fallen to about 50% of what it was at the beginning of 2022. CMC Market Cap Data Further, the volume of trades has managed to remain fairly consistent with a slight increase in the past few weeks. This trend is consistent across both major exchanges as well as Paxful and Localbitcoins as a proxy for developing countries interest in cryptocurrency. Local Bitcoins Volume Paxful Volume However, we continue you see the value of the currencies of virtually all developing countries fall against the US dollar. This is in addition to the vast majority of major(developed countries) currencies fall as well. This is with the exception of the Mexican Peso, of whose Central Bank took pre-emptive steps to secure its own currency ahead of the Fed own rate hikes. The Mexican Central Bank voted to deliver the largest rate raise ever back in June with further rates increased expected(Per Bloomberg). Most other countries' rate increases are after the Fed's. if done at all, which tends to have their values fall against the dollar. The Russian Ruble is another exception for...fairly obvious reasons. Major Currency Forex Rates The rise in the USD is also indicative of economic fears as seen by the mass lay-offs that I had highlighted in a earlier post, massive falls in stock prices and the rise in US treasury yields. I will explain how treasury yields work, lay-offs and stock valuation decreases due to economic fears are fairly obvious I think. Treasuries(class of bonds) are seen as a safety trade and are the foremost part of easily one of the largest class of assets that attract the wealthiest and most sophisticated investors which includes both your large Wall Street-like firms as well as virtually every country on earth. For reference, the size of the US bond market is comparable in size to the entirety of the US stock market, if not actually larger. If you want any sort of solid grasp of the economy treasury yields should be quite literally your first choice or second in the worst case. The price of a treasury travels inversely to its yield. So when demand for treasuries is high, treasury prices rise (and yields fall) and when demand is low the prices fall(and yields rise). Now in the face of an weak economy we would expect yields to fall as demand increases. However, we are in a place where treasury yields are lower than inflation thus making treasuries a losing trade by default. Also people believe inflation to continue to the for at least a couple months as hinted by the Fed. So we are actually see a huge sell-off in bond yields since the start of 2022 and again very recently. https://preview.redd.it/f7itoletznk91.jpg?width=720&format=pjpg&auto=webp&s=76d44435b530f663d77abe04f06b7061938b0727 https://preview.redd.it/fc2t0retznk91.jpg?width=720&format=pjpg&auto=webp&s=39cd880c975823204407dd8c6c918872c99aca09 https://preview.redd.it/32xb8metznk91.jpg?width=720&format=pjpg&auto=webp&s=a6df8a108e38dade5ec3c9e2cdea72a9e37c1416 We could say that all this large amounts of capital is moving from treasuries to cash(USD). This would make sense as as stock/equity prices fall to sell them. However, there is also the added problem of inflation. Keeping your money in cash means losing ~8% of it to inflation. I mean to say that investors have very few choices. The treasury sell-off also implies that investors expected the Fed to reverse their course and start cutting interest rates, which certainly seems unlikely based of the most recent speech by the Fed chair a few days ago. And so, as expected, we see a sharp rise in the price of gold, which is a trade for uncertainty, that is, the between the rock of a weakening economy and the hard place of inflation. Note: the price spike took until this(Monday) morning to occur as most markets are closed over the weekend and open around 9-ish on Monday. Gold Price 1Day(Yahoo Finance) Now the question is, can crypto benefit from the major sell-offs in assets. I expect at least some investors to consider it a good time as any to buy the dip since they have free capital from their sales and crypto is probably an amazing investment in the long term. To say that these investors would amount to enough to significantly affect the price of crypto is another big question of its own. We are certainly seeing increased interest in Bitcoin and Ethereum through the Open Interest indicators. Eth Open Interest Bitcoin Open Interest Open interest broadly refers to investors who have bought some derivative contract of the token, which are usually put or call options and futures as well. Put or call options refers to the option fo an investor to sell or buy a token(or stock) at a particular price by some particular date. Now the open interest in ETH,at least, is likely speculation on the price after the merge, and it seems the BTC open interest is speculation on the ETH speculation. We can infer this as the correlation of the charts is pretty high. And between the two, they account for around 57% of the entire crypto market capitalization. What I mean to say by all this is big things are coming. It would be fair to caution that even with seemingly increased crypto interest, it is quite possible that these traders are looking to snag a quick buck and sell as soon as the price spikes. This year however, crypto has slowly been seeing an increasing as a potential hedge to stocks as it increases a correlation to gold but we are still as ways away, but who can say. it would be fair to say the coming months are going to decide quite a lot. There's more to come. Take care out there guys. Check out my substack here: https://sierre.substack.com/p/a-big-crypto-move-is-coming
How The 2022 Dubai Expo Will Enhance Opportunities
Expo 2022 Is A Hub of Experiences That Offers Something to Excite Everyone. Whether You Want to Unleash Your Inner Technologist, Step into The World of Diverse Tastes, Fuel Your Creativity, Or Seek Business Opportunities, Dubai Expo Is the Best Answer for All. It Is a Unique World of Novel Experiences Offering Over 60 Daily Shows and Over 200 Restaurants With World-Class Cuisine. You Will Find Various Theme Weeks That Focus on Global Challenges and Life-Changing Innovations Here. Plus, You'll Inject a Dose of Entertainment Through All Your Senses, Learn About Art and Culture, Admire the Architecture, And Much More. In Short, At Every Stage of Expo Dubai, There Is Something to Grab Your Attention and Provide a One-Of-A-Kind Experience. The Economic Impact of Expo 2022 Dubai Although The Event Is Still a Year Away, The Emirate Has Seen Massive Economic Growth Since It Won the Right to Host the Expo. During The Event, Another AED 22 billion Is Expected to Be Funneled into The Economy, Bringing in An Expected Additional Amount. 1.5 Percent to The Gross Domestic Product (GDP) Of the United Arab Emirates After Expo 2022 Ends, The Site That Was Built Specifically for The Event Will Be Redesigned as District 2022 And Will Host Business, Arts, And Other Types of Events. This Will Ultimately Prove to Be a Gift to The Emirate, Which Continues to Contribute to The Sustainable Economic Development of Dubai. An Economic Boost of Approximately AED122 Billion Is Expected By 2031. Employment Generation Through the Expo Here You Will Learn About Forex and See the Environment of Investors Who Are Trading in Forex. Knowing About Forex Will Also Enable You to Earn Money in The Future. One Of the Benefits of Expo 2022 In Dubai Is That It Will Directly Benefit Thousands of People In The Emirate By Creating A Large Number Of New Jobs In Many Different Sectors. Indirectly, It Also Contributes to Dubai's Economy and Plays a Role in The Emirate's GDP Growth. Since Expo Preparations Began In 2013, Thousands of People Have Been Employed from Around the World to Plan, Design, Strategy, Execute, Build And Develop The Entire Environment And Infrastructure For Dubai Expo 2022. According To the Official Website of Expo 2022 Dubai, The Event Will Also Generate 50,000 To 90,000 Full-Time Jobs And Positions Between 2013 And 2031. Benefits Of Dubai Expo 2022 For Businesses The Government of Dubai and The Emirates, In General, Are Not the Only Entities That Will Benefit from The Success of Expo 2022. Thousands Of Businesses Are Also Set to Greatly Benefit from This World Event. Along With the World's Biggest Companies, Big Investors Will Also Be Present at Expo 2022 Dubai. This Will Help Businesses Attract New Investors and Secure Both Local and International Customers. Expo 2022 Will Also Be Particularly Beneficial for Startups and SMEs, As It Will Help Them Enjoy Maximum Global Exposure and Keep Them Firm on The Radar. The Expo Will Feature World-Class Business Events, Such as The International Investment Forum, Investor Pitching Conference, And More. Benefits Of Dubai Expo 2022 For Tourism and Infrastructure Last But Not Least, Dubai Expo 2020 Is Expected to Attract 25 Million Visitors, Of Which 70% Will Be from Overseas. It Will Give a Boost to The Tourism and Hospitality Sectors, Which Have Been Hit Hard During 2022 By Travel Restrictions Due to the COVID-19 Pandemic. Another Notable Thing Is That Due to Dubai Expo 2022, A Completely New Transport Infrastructure Is Being Developed, Which Will Include New Roads, Electric Buses, New Bus Stops, Metro Stations, Trains, And Much More. Key Points • Learning About the World in One Place Is Magical, And This Is True with Dubai Expo 2022. • Dubai Expo 2022 Is the One Place That Brings Together the Taste of All the Worlds. You Can Experience the Charm, Culture, Art, And Vibrancy of Different Countries on This Planet Earth. • Expo 2022 Offers an Extraordinary Experience That Comes with Great Hospitality. • Dubai Expo Offers a One-Of-A-Kind Shopping Experience That You Just by No Means Should Miss. Filling Your Memories with Experiences, Learning, Technology, Culture, And Art. Tickets Prices for Expo 2022 Dubai Expo 2022 Offers an Extraordinary Experience That Comes with Great Hospitality. You Can Book a Standard Ticket with The Seasonal Pass, Multi-Day Pass, One-Day Ticket, And Premium Experience. The Bundle Tickets Come as A Family Package and A Jubilee Experience for Having Fun With Your Group Of People. Ticket Prices Are Different for Each Pass as Each Pass Has Different Benefits for Visitors. You Can Book Tickets from Our Site Gee Fairs.
In Simple Words, Dubai Expo 2022 Is All About Experiencing the World at One Place Making It an Experience of a Lifetime for All. With 60+ Shows, 200+ Restaurants, 200 Participants, And Emotion-Inspiring, It Also Presents Itself as A World Apart. This Global Event Never Fails to Amaze You with Its Three-Themed Districts, Impressive Portals, And A Captivating Public Plaza. Are You Planning Your Visit to Photo Expo 2022 In Dubai? Admission To Expo City Dubai Is Free but Some of The Attractions Inside Charge a Fee. Tickets Can Be Purchased at Geefairs.Com or From the Offices of Expo City Dubai. Expo 2022 In Dubai Is a Global Event That Combines Innovation, Technology, Art, And Culture to Deliver an Immersive Experience. Make Their Presence Felt in Different Parts of The World to Share New Ideas. Undoubtedly, It Is One of The Best Platforms to Enjoy a Family Fun Holiday In Dubai. It Is a Fine Example of Innovation, Collaboration, And Cooperation from All Over the World That Suits Every Need, Mood, Age, And Interest. You Get an Education in Forex Market and Many More Things Related to It. This Will Help in Earning More Profit from It in the Future. You Will Enjoy Every Moment of It. Moreover, The Attractions Are Endless, Which Makes It One of The Places That You Must Experience in Your Life. No Wonder! It Has Set a New Benchmark in The Amalgamation of Technology, Culture, Fun, And Education. District In Dubai Expo The Theme of Dubai Expo 2022 Is Connecting Minds, Creating the Future. You Can Experience the Dubai Expo Theme Which Is Divided into Three Districts, Mobility, Opportunity, And Sustainability. These Districts Are Centers Of Pavilions And They Also Have Dedicated Pavilions. From Creating the Future of Art to Curating Art, Expo Dubai Offers Endless Opportunities to Collect Experiences That Cannot Fade from Your Heart, Soul, And Mind. Three Prominent and Compelling Districts Represent a Diversity of Culture, Art, Entertainment, And Futuristic Outlooks from The Different Nations of Our Home Planet Earth. Expo 2022 Districts of Dubai • Sustainability District • Mobility District • Opportunity District Sustainability District This District of Expo 2022 Showcases the Most Advanced Technology in Action by Countries to Bring Sustainability to The World. As You Explore This District, You Will Get to Experience How Humans Can Enjoy Living in Unity with Nature in A High-Tech Future. Expo 2022's Sustainability District Sets the Stage for A Greener Future for The Planet. You Can See Nature Meets Technology In A Way That Will Blow Your Mind. Let's Take a Look at The Great Experiences You Can Enjoy In The Sustainability District With Different Pavilions. Country Pavilion Experience of The Sustainability District • Explore The Integrated Climate System with The Netherlands Pavilion. • Explore Cutting-Edge Technology in The Biodiversity Lab, The Future Lab, And the Energy Lab with The Germany Pavilion. • Enjoy A Walk Through the Forest Canopy and Visit the Hanging Gardens Along with The Singapore Pavilion. • Experience The Sights, Sounds, And Sights of The Amazon Basin and Discover The Rich Biodiversity With The Brazil Pavilion. Mobility District Mobility Is a Way of Change That Has to Do with The Way We Live, Connect with People, Exchange Ideas and Knowledge, And Learn About Different Cultures. You Will Find Many Dimensions That Highlight All the Relationships and Evolution of Mankind. This Future-Themed Pavilion at Expo 2022 Explores How People, Ideas, And Data Move Through Past, Present, And Future Activities. You Can Enter a Virtual World That Is Full Of Data And Innovation. You May Be Served by Drone Waiters and Robots in The Districts of Dubai Expo 2021. The Mobility District Enables You to Explore the Horizons That Lead Humans to Progress. With Mobility District, You'll Know That Connection Is the Foundation That Moves the World. See Cutting-Edge Mobility Technology Shaping the Future of Vehicles, Explore the Space in Greater Detail, And See Mobility Devices in Action. Take A Glimpse of The Amazing Experiences the Mobility District Will Offer with Different Pavilions. Learn About Forex and How to Trade and Make Money from It. Three Main Areas Provide You with Space for Enjoyment, Relaxation, And Witnessing the Surroundings. You Will Come to Know How Humanity Is Taking a Big Step Through Digital Connectivity. Opportunity District Witness How Our Lives and Work Are Intertwined in The Opportunity District. Meet People Around the World Who Are Turning Dreams and Aspirations into The Realities of Tomorrow, And Be Empowered to Shape The Future By Unlocking The Potential Within You. There You Can Meet So Many People Who Are Already Doing Forex Trading You Can Also See How Much They Are Earning by Doing Forex Trading. Create Connections Interact And Exchange Ideas with Others, Connect with Change Makers, And Discover Something New. The Good Place Meet And Be Inspired by The Social Innovators Who Are Having a Measurable Impact on People’s Lives Across the World. Youth Empowerment Participate In Activities Specifically Designed with Youth Empowerment and Skill-Building in Mind.
Who own Most of Fiat Currencies? Very long DD, very rarely discussed subject. Interesting conclusion
I find it fascinating, hear why: But I have to warn you. This post contains some math. Numbers. Ooomph, 90% of potential readers wont survive this text. We know that there is approx $110 trillion (priced in USD) of fiat currencies in this world. That is cash, bank deposits, money market funds. We also know central banks have approx $10 Tr of this in their "Forex reserves". Allright Simon, who owns the rest? Thats what i will try to dig into. We have 5.3 billion adults on Earth. 100 trillion divided by 5.3 Bn turns out to be $20k per capita. Do you have a feeling your friends and family have that much? And remember, India, Africa, Latin America, Russia, Indonesia, Iran, etc. will have waaaay less. Lets use Credit Suisse data. Roughly half of private wealth belongs to $Millionaires. If they also own roughly half of all fiat money (saying fiat money is like saying truthful liar), its 50 trillion. But there are only 56 million Millionaires. So on avg they would need to own close to $1MM in currencies, extremely unlikely! Lets add pension funds and corporations to the picture. How much digits they "own"? There are no studies on this subject. Nada. Pension funds cannot own much more than 5 Trillion, as the rest is in bonds and stocks. How much corporations have? If someone is willing to research 35,000 financial statements of largest firms, go ahead.... But lets go back to we, the people. When we will add middle class, those worth between 100k and 999k , how much FIAT they can possibly have? 600 million people. Lets optimistically est. $33,000 per head. On average. Or $20 trillion in that group. Lets also give $333k for every millionaire! Another 20 trillion allocated. Who owns $55 trillion remaining? There are types of possible owners:
corporations plus, very likely, some secret foundations we will never know about
Poor folks, those below $100k
Folks with NET worth below 100k or even negative net worth, who own both lots of currencies and lots of debt. At the same time. It makes little sense, but perhaps many people prefer to be liquid.
Those below 100k are 4.6 billion people. On average they would need to own over $11,000 per head, if we exclude corporations as large currency holders. I mean some top 20 corps own $ 3 trillion, so at least we are sure of that.
So is it possible that "poor folks" own 11k per head on avg?
In my opinion, absolutely NOT. We must immediately exclude Latin Am. and Africa, 2 billion folks total, of which some 2/3 are adults so 1.33Bn. India+Indonesia+Pakistan+Bangladesh? Among their poor class, they are absolutely sure, 100%, not to own $11k per head........... they love gold and silver. They dont keep lots of cash. Thats another 1 billion adults who cannot own lion share of that $55 trillion I seek. So at least HALF of all poor folks below $100k net worth, own far faar less than $11k in currencies. More like $1k the most. Big nations from the Rich parts of this world, which are prime candidates to hoard most of that $$55 Tr among poor people, are not plentiful: USA, Canada, Germany, UK, Japan, Australia, South Korea, China, France. How many of folks <$100k are in these countries? Again Credit Suisse report gives us data:
Australia
21% of adults
~4,000,000 souls
France
27% of adults
~10,000,000 souls
Japan
33% of adults
~34,000,000 souls
Germany
45% of adults
~31,000,000 souls
China
66% of adults
~720,000,000 souls
South Korea
38% of adults
~15,000,000 souls
USA
28% of adults
~70,000,000 souls
UK
28% of adults
~14,000,000 souls
Canada
25% of adults
~7,000,000 souls
Total: 905million adults. Most of them struggle financially. Can they own 55 trillion USD? Freakin nooooo! That would be $55,000 per head! They could own $22k per head, but surely not 55.... If thats accurate, this group will hoard yet another $20 trillion. BOTTOM LINE Millionaires approx have $20 trillion Middle class also $20 trillion Poor class .... about 20 Tr too. THis only means 40 Trillion USD is held by corporations and some mysterious foundations. Any other, logical, close to reality, ideas?
US sanctions on Chinese semiconductors ‘decapitate’ industry, expert says. Every US executive/engineer working in China’s semiconductor manufacturing industry resigned yesterday, paralyzing Chinese manufacturing overnight - Industry in state of complete collapse with no chance of survival. Thoughts? Discussion Comments || Link
Eurekahedge AI Index= benchmark of hedge funds who utilize automated trades. You can use this to get a feel for what to expect for those who do achieve net profitability. Research Papers Comments || Link
Any idea of how i can remove these labels or whatever they are without going back to remove all my position indicators? When i place a new roder it's so hard to see where my SL and TP are. Questions Comments || Link
MyFundedFx, a Revolutionary and Game-changing Prop Firm🔥🔥🔥
Lately MyFundedFx has been gaining a lot of traction for all the right reasons. Launched in July 2022, MyFundedFx has moved from a being a relatively unknown underdog platform no one knew about to a platform everyone can't stop talking about and it's only understandable with the insane value they offer. MyFundedFx took the prop firm industry by surprise with it's low profit targets, cheaper challenges,zero commissions and raw spread broker, ultra fast payouts and an overall excellent service. It's no wonder why they've been growing at such a ridiculously fast pace. What makes MyFundedFx different from the competition? https://preview.redd.it/6srspm6i07u91.jpg?width=1080&format=pjpg&auto=webp&s=f6c93703d1cec49180858aa2514e80a82555f142 Lowest Phase One Targets in the Industry MyFundedFx has the lowest phase one evaluation targets of any prop firm out there at the moment, requiring only a 6% target with 10% max drawdown for the normal account within the 30 evaluation period, while the phase two evaluation stage is the industry standard 5% target within 60 days. Challenge accounts They offer a wide range of account sizes to cater to all levels of traders starting from as low as $5000 to as high as $200,000 with scaling plans up to $1,000,000. The prices of accounts are very competitive when compared with other prop firms and is one of the cheapest options out there and it gets better with the various discounts and promotions they offer. The fee is a one time refundable fee which is paid out on your first funded account withdrawal. Payout The profit split is between 75%-85% depending on the account purchased. Payouts can be requested every 14days and are processed with lightning speed as everything is automated. Some added benefits include: • News trading is allowed. • No consistency rules or lot size restrictions. Trade however you want! • Not required to use a stop loss on all trades (even though they recommend having a stop loss on for proper risk management). • You get a free smc course by the founder himself, MattL when you purchase an account. • You get free retries if unable to meet targets within the stipulated time period as long as you don't violate any rules. If however you breached any of the trading rules and as a result fail your challenge, you can purchase another challenge account at a 20% discount using the promo code "RETRY". •Special optional addons: - Quick Path: For an additional 20% of your fee, you can remove minimum trading days for phase 1 and phase 2. - Bonus account: For an extra 30% of the fee, once you pass the challenge, you get a duplicate challenge account at no additional cost. This is a suitable offer for traders who want to get another challenge account later on as you get the bonus account at a whooping 70% discount. Both offers are available at checkout. Broker: Myfundedfx uses one of the best brokers in the market–FxClearingHouse. They offer over 175+ assets including forex, indices, crypto and commodities. You get excellent feeds and great execution of your trades. The broker also uses raw spreads, there are ZERO commissions and there's little to no slippage on the account. 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He's a really down to earth guy and is always willing to listen to the community. On the discord...you will him occasionally find him talking about the markets with other traders, answering questions about the company and just generally being a chill guy. What should we expect from this firm? MyFundedFx has truly become a force to reckon with in the prop firm industry, they are definitely headed to the big leagues and could become a potential challenger for the top spot in the prop firm industry...Ftmo watchout!!! I strongly believe that MyFundedFx has what it takes to become the top leading proprietary firm because of the immense value they offer and the dedication to the community. 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With the market now officially in bear territory, I've been on the hunt for bargains. Recently, I shared another deep value idea, China Life Insurance Company (LFC). Link to post here. Today I'd like to share another firm I believe offers deep, deep value: Credit Suisse. Credit Suisse Group AG (CS) is a global investment bank and financial services firm founded and based in Switzerland. It has been a cornerstone of Swiss life since its founding in 1856. Recently, Credit Suisse has found itself in pretty dire straits. Scandals and bad investments abound, with its third profit warning of the year issued just a few days ago. And as if losing billions wasn't enough, one of their directors was just fired for being filmed assaulting restaurant staff in NYC's Koreatown. Yeah, pretty bad. So, why on earth would I suggest investing in a firm that can't seem to do anything right? One word: value. And four more words: too big to fail. Credit Suisse is now trading at a 27 year low, hitting $5.75 intraday. A 27 year low! Is it deserved? Yes, as we've discussed above. But only to a certain extent. The idea behind value investing is that you can take advantage of market overreactions to get a good deal. Credit Suisse's share price certainly deserves to be punished, but not this much. That means it's a buy, especially if you consider the investment as low-risk as I do. As of today, CS is trading at just 0.3 of its book value. It's price to tangible book? 0.4. That's what we call a steal. You can buy a share of a dividend-paying major financial institution for the price of an espresso in Switzerland. But just because something is cheap doesn't mean you should buy it. Which brings me to the second major part of my thesis: Credit Suisse is too big to fail. The Financial Stability Board has designated it a Global Systemically Important Financial Institution (G-SIFI). It's also a primary dealer and Forex counterparty to the US Federal Reserve. In other words, if Credit Suisse goes down, everything goes down with it. Aside from all this, CS has demonstrated an ability to attain sufficient liquidity anyway. The point I'm trying to make is that bankruptcy is not a concern here as it would be with other investments. Summation: Credit Suisse offers an opportunity to buy a business that literally cannot fail for forty cents on the dollar. My only reservation is that things will continue to get worse for CS before they get better. Because of that, I'm considering beginning a position under the 5.50 level and setting aside some cash to buy more at a lower price. It will likely take several years to attain book value again, but patience is the value investor's greatest weapon. Opinions? Am I stupid?
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