Inflation Nightmares. To "Save the Babies." And Women Politicians Coming To the Rescue.

2 years ago
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Market Update - Crypto Market Crash Strategies

Ray Dalio says cash is trash, but to most of you guys, this is already obvious. Fannie Mae says the housing market is looking better. Gas prices are reaching new highs. And there’s still a baby formula shortage in the US. But on top of all that news, more women are running for office in the US compared to any other time in US history. Welcome to NFT Daily, where we also look at the macro landscape outside of cryptos.
Ray Dailo recently appeared on CNBC. He says what most of us in the crypto space have been saying for some time now, and that is cash is trash. And stocks are not too far away from the trash can either. He gives further remarks by saying Bitcoin is black gold and cryptocurrencies are building up to be the next generation and future of new money.
Now turning the attention to the United States housing market, an article from Market Watch says Fannie Mae thinks that the US housing market has finally turned the corner due to a noticeable decline in residential investment. This might be true. But in many markets like Arizona, Texas, and Florida, the average home price still remains unchanged. The obvious assumption here is if the Federal Reserve continues to increase rates then prices will be too expensive for both buyers and investors. Therefore no parties are immune. So with housing costs increasing, it does not leave the consumer with enough money to invest in crypto currencies.
But it is not just housing prices that are insane. Gas prices reached a new high in the United States at an average of $4.00 a gallon and clearly consumers will feel the pinch as they travel more this summer. These prices are due to a number of reasons that include the government’s money printing campaign, the war overseas, and OPEC suppression in supply.
And on top of this the shortage of baby formula still remains high in the news and you might be asking how all of this even relates to cryptos. It is to give you an idea of how inflation and the supply chain is disrupting services. Shortages of any resource generally means you have to find a way to get it at a much higher price. And for many people, that is really out of the way.
The bottom line here with this news is that most people might be too occupied to invest serious amounts of money in crypto currencies until these issues are relaxed. Hence the sentiment on this channel is still bearish until economic conditions change in the United States and other parts of the world..
And to end this news segment, a slew of women candidates have decided to run for elections this fall. This would be the largest it has ever been in American history with a majority of them running for governor. And not much is known about their stance on cryptocurrencies or economics either. So if you are in

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