Very interesting. The Ethereum address posted by the @ukraine account, which Bloomberg confirmed is legit, has taken in far more money than the Bitcoin one.
$4.1 million worth of ETH and other tokens vs. ~$1.1 million of BTC.
@Ukraine Here you can see all of the different ETH-based tokens that the address has received. The 4th biggest holding of the address is a coin called Saitoki Inu etherscan.io/tokenholdings?…
WHY NAILS $$ HAVE SURGED AND BECOME HARDER TO FIND
There was tons of interest in our episode on nails. So I wanted to understand what's going on now. Joe Leffler, the CEO of Power Tools maker Metabo-HPT explained to me what's really driving the surge. bloomberg.com/news/articles/…
A big part of it, per Leffler, is the simple math on freight.
And thanks to @fcastofthemonth for his insanely granular knowledge of BLS categories, knowing the two key lines to track nail (and other construction adhesive) prices.
She’s one of the doxxed members of the group, and she came on to tell us how it all works. bloomberg.com/news/articles/…
What’s great about Eva’s perspective, is that she’s an investor and builder in the space, so basically the perfect person to talk to about what’s happening in the space right now.
Also I’ve met @CL207 in person, and it really is a cat in a hazmat suit,
In today's @markets newsletter, I wrote how it's not just inflation that will keep the Fed hiking. It's also that, unlike with past market downturns, there isn't an associated growth scare.
Part of the reason it seems like the Fed always rides to the rescue of the market, when it goes down, is that there's usually something else going on beyond merely the decline itself. With this latest swoon, that's not really there.
It really is incredible how narrow credit spreads are right now. They were higher in late 2021. They spiked way more in late 2018, as well as the 2015/2016 China stuff.
THE STOCK MARKET PARTY HAS BEEN ENDING FOR ALMOST A YEAR
In today's @markets newsletter, I wrote about the pain in the market. It's getting a lot of attention now, but in reality it's been going on for almost a year.