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Today, 04:23 AM | #10561 |
"TRF" Member
Join Date: Jan 2019
Real Name: Jake
Location: Finest City
Watch: 16233, 116619LB
Posts: 1,970
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https://www.msn.com/en-us/money/comp...ay/ar-BB1kGdFq
BLUF: Sam Fried (FTX) sentences to 25yrs plus $11b fine.
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What's the time? It's time to get ill. Wishlist: 128236; 5396G; 15550ST; 384.029 |
Today, 05:50 AM | #10562 | |
"TRF" Member
Join Date: Jun 2023
Location: USA
Posts: 747
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Quote:
This is the same group that didn’t see trouble brewing when others (like Siegel, who I reference above) noted the risks well in advance. When part of my job was interpreting Fed statements, the statements only informed near-term trading tactics and catalysts. Not medium or long-term projections. You don’t fight the Fed, but you can definitely do well to look past their projections when formulating longer-term strategies. If they had magical insights on macro indicators and where rates will (or should) be, at least some of them would likely have selected a different career… Look up their backgrounds and work histories sometime. They have resources at their disposal but, again, I would call their forecasting ability equivalent to alternatives (at best). Certainly not superior. Check their dot plot forecast in 2021… |
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bogdanco , SDGT3 , PaulRP |
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