In The News Today

Posted at 11:44 AM (CST) by & filed under In The News.

Bill Holter’s commentary

All joking aside, was any of this real in the first place?

“Web3 assets continue their impressively catastrophic nosedive today, as NFTs — you know, those extremely expensive digital artworks that celebs have both love and lost— reach remarkably new lows in value.

Bloomberg reports that this will likely be the first month since June 2021 that NFT sales will have failed to reach $1 billion overall. Meanwhile, well known high-dollar NFTs, including the Bored Ape Yacht Club’s blue-chip collection, have seen price floors fall by 30 percent or more in just 30 days.”

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Bill Holter’s commentary

As Jim said many years ago, “QE to Infinity”!

A day after Fed Chair Powell crowed once again how the US economy was strong enough to cope with his hawkish rate-hike cycle (and President Biden told the world this morning that the US economy is the strongest in the world), the Atlanta Fed just stole the jam out of everyone’s donut by confirming the recession has started.

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