Decrypt’s Art, Fashion, and Entertainment Hub.
Fed cuts 50bps and says coronavirus poses "evolving risks." Temporary good for asset prices, but you can't QE your way to fixing supply chains.
This scares the shit out of me.
— Ryan Selkis (@twobitidiot) March 3, 2020
As the stock market was selling off, threatening to erase yesterday's Fed inspired record point gain, the Fed came to the rescue with an intra-meeting emergency 50 basis point rate cut. Not only will this cut not cure the Coronavirus, but it will make the U.S. economy sicker.
— Peter Schiff (@PeterSchiff) March 3, 2020
The Bitcoin halving
65 days left until next #BitcoinHalving
— Bitcoin Halving Countdown (@Bitcoin_Halving) March 3, 2020
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.