Fed officials in danger of splitting on future rate rises, warn economists .
Some dovish policymakers fear monetary tightening campaign may end up going too far
Lavish spending is standard in ALL crypto projects. 97% of 20k ICOs were a scam &/or went bust. Billions raised was mostly used to buy villas, boats & planes in the Caribbean/Florida & pay for $500k champagne parties in Miami strip clubs, “massages” & evade taxes in PR/Caribbean
a private plane for Amazon deliveries, bi-weekly massages, a $55k bar bill and a boat called "Soak my Decks".
@nikasgari and @joshckoliver on the madness of the court of SBF
https://t.co/HMo3yG0Rip
Such luxury/corrupt spending is standard among ALL crypto projects. 97% of 20k ICOs were a scam and/or went bust. The money raised was mostly used to buy villas, boats & planes in the Caribbean/Florida & pay for $500k champagne parties in Miami strip clubs https://t.co/cYRggxZpph
@PennyRed https://t.co/VcChsLnixb
Such luxury/corrupt spending is standard among ALL crypto projects. 97% of 20k ICOs were a scam and/or went bust. The money raised was mostly used to buy villas, boats & planes in the Caribbean/Florida & pay for $500k champagne parties in Miami strip clubs https://t.co/mL0HZCWJTp
“Kids leading kids”
Inside the lavish spending at FTX - featuring private planes to deliver Amazon parcels, in-house massages, DoorDash credits, million dollar properties and more
@FinancialTimes story with @joshckoliver
https://t.co/4HHSVQc40p
The Unbearable Uselessness of Crypto.
“the world may have woken up to the grim reality that the crypto "industry" is nothing but a get-rich-quick lie, wrapped in hype, bobbing on an ocean of libertarian technobabble. Will anyone do something about it?”
The Unbearable Uselessness of Crypto | by Andrés Velasco - Project Syndicate
Andrés Velasco explains why FTX's collapse should sink a hyped-up lie bobbing on an ocean of libertarian technobabble.
prosyn.org
Nouriel Roubini is Professor Emeritus (2021-present), Professor of Economics (1995-2021), Stern School of Business, New York University. He is also CEO of Roubini Macro Associates, LLC, a global macroeconomic consultancy firm in New York, as well as Co-Founder of Rosa & Roubini Associates based out of London. At a 2006 address to the International Monetary Fund, Roubini warned of the impending recession due to the credit and housing market bubble. His predictions of these upside-down balance sheets became a reality in 2008, with the bubble bursting and reverberating around the world into a global financial crisis – a recession we’re only recently rebounding from after a decade climb. READ MORE
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