In March at the lows the US regional banks were failing and the government bailed out everyone - that lead to a huge market rally IMO.
As Hyman Minsky wrote in his 1986 book "Stabilising an Unstable Economy" bailouts are inflationary, today's big government spending projects are also inflationary IMO.
Whether interest rates are 2% or 15% what's needed to reduce inflation is more drilling in the case of oil for example, and the greatest company that has ever existed RIG has scrapped 60% of its fleet after a decade long industry depression.
Other commodities have similar problems.
The confidence people have that the historic speculative mania of 2021 will end without more bodies floating to the surface and that the "authorities" have things under control is going to be shattered.
The only question is will PTM have any FUM left at that time and I dont know, I think yes and thats why I still have my position because it seems imminent.
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$1.22 |
Change
0.000(0.00%) |
Mkt cap ! $707.3M |
Open | High | Low | Value | Volume |
$1.22 | $1.24 | $1.22 | $942.8K | 771.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
11 | 12893 | $1.22 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.22 | 25518 | 13 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
11 | 12893 | 1.215 |
9 | 19374 | 1.210 |
11 | 24841 | 1.205 |
7 | 17324 | 1.200 |
5 | 120325 | 1.195 |
Price($) | Vol. | No. |
---|---|---|
1.220 | 25518 | 13 |
1.225 | 73806 | 12 |
1.230 | 56309 | 15 |
1.235 | 69269 | 11 |
1.240 | 176612 | 9 |
Last trade - 13.44pm 03/10/2024 (20 minute delay) ? |
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