rair retweeted
🚨CASH ON THE SIDELINES is almost nonexistent:
Total US cash, measured as money fund and bank deposit balances, as a % of the S&P 500 market cap, is down to 0.42, near the lowest level on record, according to Bloomberg.
This is well below the ~1.80 peak reached during the 2008 Financial Crisis and far below the average seen since 1990.
This is also only slightly above the 2000 Dot-Com Bubble low.
Meanwhile, retail investor equity allocations are near the highest level since the 2000 Dot-Com Bubble.
There is a tendency to view large money fund balances as dry powder waiting to be deployed into stocks, but that framing is misleading.
The idea of "cash on the sidelines" is one of the most misunderstood narratives in markets.
Mica be like you have to hold 60% of reserves with us so we can lend out 90% of your reserves to make money with it and in case of bankrun its your fault
🎥WATCH: TETHER CEO EXPLAINS WHY $184B USDT DID NOT APPLY FOR MICA
Paolo Ardoino said Tether did not apply for MiCA license because “it is very dangerous when it comes to stablecoins.”
He said the rules could force issuers to park 60% of reserves in “uninsured cash deposits” at small European banks unable to handle redemptions.
"I think it's a very not well thought legislation," Ardoino said, adding he "skipped MiCA to protect the 400 million plus users” of Tether.
Its not you vibecode hippy guys who will dictate the price of real birkins.
Its the millionaire/billionaire wife that is dictating the price
The stock market pump created so many new rich people limited luxury items will only increase in value while regular luxury take a hit
You can get *flawless* Birkin bags in Istanbul for $1-2k
Same leathers, identical clasps, hardware, perfect stitching, etc. Indistinguishable from the official ones that cost $30-50k+
The only way to tell the “real” ones from “fake” ones is the IQ of the person holding it. (hint: price paid = inversely correlated to IQ)
The entire luxury industry is a scam
Being a subnet owner on bittensor is a nice passive income strategy










