Legendary Analyst • Master of Charts • Economist • Crypto, Stock, and Options Trader
Earth
Joined February 2018
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MAGIC retweeted
In 2024, 13.4% of US imports were from China. On the other hand, about 14.8% of China's exports were to the US. Therefore, China depends on roughly 10% more bilateral trade compared to the US. So, technically, China depends significantly more on us than we do on them.
MAGIC retweeted
Bro, you have to read the fine print. I said ***IF*** the blue line is broken, which it hasn't been. It's amazing how many people fail to understand the conditions of my comments. They're literally the crux of all analysis. Ignoring conditions makes any analysis useless.
MAGIC retweeted
In a country where political leaders deceive, line their pockets, smear their opponents, give contracts to supporters, create propaganda ... the censuring of someone on social media for suggesting election fraud exists will go down as one of the greatest absurdities in history.
MAGIC retweeted
Ripple CEO Brad Garlinghouse responds to questions surrounding the SEC lawsuit #xrpcommmunity
theblockcrypto.com/post/9043…
MAGIC retweeted
Our statement regarding recent market participant activity in response to the SEC’s lawsuit. on.ripple.com/38LWz9w
MAGIC retweeted
Given the SEC’s recent action against Ripple, all XRP books have been moved to limit only and Coinbase plans to fully suspend trading in XRP on Tuesday, January 19, 2021, at 10 AM PST. Afterwards, users will continue to retain access to their XRP funds. blog.coinbase.com/coinbase-w…
MAGIC retweeted
Mnuchin is declining to extend most of the Fed’s emergency credit programs beyond year-end & asking the Fed to return all unused CARES Act risk capital. This move shuts down the corporate credit programs that propped up markets last spring. So the training wheels are coming off.
MAGIC retweeted
The Federal Reserve is presently acting in blatant non-compliance with the Federal Reserve Act of 1913. An institution violating the rules of its own charter is de facto admitting that said institution has failed and is fundamentally broken.
MAGIC retweeted
Bitcoin isn't a hard asset. It has absolutely no intrinsic value and it's technologically incapable of efficiently being used as a currency system by the masses. It's power consumption alone essentially eliminates it as a competitive financial instrument, in my opinion.
MAGIC retweeted
If you want to get money into the hands of people quickly & efficiently, let them have the full money that they earned, APPROVE A PAYROLL TAX CUT until the end of the year, December 31. Then you are doing something that is really meaningful. Only that will make a big difference!
