77nhn f38bt tknn9 nbzhs r52k7 k5id4 9a2nh ay992 sta67 9f8zs rahdn erfsy 8rzy5 7zn6y aibad 8ak7z 5i2bn ah6h3 reea4 97kk3 8na9r 圧倒的不利を逆転「平清盛」武才がわかる驚きの策 - 平氏が栄華を極める契機「平治の乱」の顛末 |

圧倒的不利を逆転「平清盛」武才がわかる驚きの策 - 平氏が栄華を極める契機「平治の乱」の顛末

2022.01.23 12:28 BlackRoseKing 圧倒的不利を逆転「平清盛」武才がわかる驚きの策 - 平氏が栄華を極める契機「平治の乱」の顛末

圧倒的不利を逆転「平清盛」武才がわかる驚きの策 - 平氏が栄華を極める契機「平治の乱」の顛末 submitted by BlackRoseKing to GiinSenkyo [link] [comments]


2022.01.23 12:28 Unnamed10Boi Stuck in level (more info in comments)

Stuck in level (more info in comments) submitted by Unnamed10Boi to NeonAbyss [link] [comments]


2022.01.23 12:28 nongshimramyun [Song] Social Climb - Moments

[Song] Social Climb - Moments submitted by nongshimramyun to Alternativerock [link] [comments]


2022.01.23 12:28 netflixhaber Every First and Last Line in After Life | Netflix

Every First and Last Line in After Life | Netflix submitted by netflixhaber to NetflixTurkiye [link] [comments]


2022.01.23 12:28 bruce_ice Bilibili

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submitted by bruce_ice to ShadowBan [link] [comments]


2022.01.23 12:28 small_town_legends When I got the sitting pose set I knew exactly where to go.

When I got the sitting pose set I knew exactly where to go. submitted by small_town_legends to MonsterHunter [link] [comments]


2022.01.23 12:28 NewsElfForEnterprise Winnebago Just Unveiled Its First Electric Camper Van

Winnebago Just Unveiled Its First Electric Camper Van submitted by NewsElfForEnterprise to News_Automotive [link] [comments]


2022.01.23 12:28 felixthursday Michael Cohen says Donald Trump told him if one of his kids had to go to prison to 'make sure' it was Donald Jr., not Ivanka

Michael Cohen says Donald Trump told him if one of his kids had to go to prison to 'make sure' it was Donald Jr., not Ivanka submitted by felixthursday to WTFJustHappenedToday [link] [comments]


2022.01.23 12:28 AutoNewspaperAdmin [World] - Coronavirus: Hong Kong health expert warns of ‘very high risk’ to unvaccinated, seniors after cases detected at hospitals, homes for elderly | South China Morning Post

[World] - Coronavirus: Hong Kong health expert warns of ‘very high risk’ to unvaccinated, seniors after cases detected at hospitals, homes for elderly | South China Morning Post submitted by AutoNewspaperAdmin to AutoNewspaper [link] [comments]


2022.01.23 12:28 T_vernix Aliens are studying modern earth and come across the budgets of nations. Among the many questions (and there are a lot) they wonder how a democratic nation could ever justify spending more than 0.1% of its GDP on the military during peacetime.

submitted by T_vernix to humansarespaceorcs [link] [comments]


2022.01.23 12:28 fine-spine Arataki Itto drawing reference without coat for my fellow artists <3

Arataki Itto drawing reference without coat for my fellow artists <3 submitted by fine-spine to Genshin_Impact [link] [comments]


2022.01.23 12:28 veedub6 What did the dealer stick to the windshield?

What did the dealer stick to the windshield? submitted by veedub6 to Lexus [link] [comments]


2022.01.23 12:28 LemonKnuckles Understanding Bitcoin Price Through a Macro Lens

Understanding Bitcoin Price Through a Macro Lens Hi everyone. I see a lot of concerned comments from folks in the community lately wondering what's going on with Bitcoin price, and a lot of responses that try to explain things either through references to external events in the news cycle, chart analysis, whale activity, wild leaps of conspiracy theory, or flat-out trolls that BTC is dead.
I'd like to see if we can't crowdsource a more macro-economic narrative, backed by data and reasonable hypotheses, to add to the discussion. I don't claim that any of what follows is infallible or the best way to look at things; but it is hopefully a decent place to start the conversation.
This is a 5-year view of the M2 money supply, consumer spending and real (inflation-adjusted) production, in aggregate dollars:
https://preview.redd.it/nw1l512w3gd81.jpg?width=1242&format=pjpg&auto=webp&s=18b20a60e96b7afb8d4a0b352a1b3f80c214b94b
A few things here. A massive increase to the money supply beginning with the onset of the pandemic in response to cratering consumer spending and overall productivity. Recovery is fairly sharp. Consumer spending is actually materially up versus an imagined and extended pre-pandemic trend line. Real GDP is roughly on trend. Money supply, however, is up 40% from pre-pandemic levels, and about 26% from the accelerated trend-line we see starting in about 2019. The question is: if all of this excess money is not driving expanding productivity or increased consumption, where is it going?
We see the need for this question also if we look at what's happened to the velocity of money, because it's certainly not being transacted at its usual rate. This is Bearish.

https://preview.redd.it/9by0432n6gd81.jpg?width=1242&format=pjpg&auto=webp&s=e528336de175baf89901350774b1811af29c9378
I think there are a couple of different answers. First is increased money hodling in both the public and private sector. This is Bearish.

https://preview.redd.it/898ksglg9gd81.png?width=1168&format=png&auto=webp&s=8085b1769d8e3b4c20f95eaaebe43cabee279f1b
Second, excess capital has also been taking on unprecedented levels of risk in search of yield, pumping investment values to extreme levels. Consider the current valuation of the stock market across four key valuation indicators in historical context. This is Bearish.

https://preview.redd.it/ajty74jyagd81.jpg?width=3131&format=pjpg&auto=webp&s=3e8f91d0781d703c5958e0d6120b4452a9434423
Note the rocket-like trajectory of valuation coming out of the initial pandemic crash and coinciding with the rapid increase of the money supply. Note the extreme downside risk implicit in a reversion to mean. Why would anyone continue to take on that kind of risk in the pursuit of even more upside to these already crazy valuations? Especially given the Fed's recent announced accelerated interest rate increases that will better reward hodling, better protect the value of money by hopefully curbing inflation, and is basically throwing in the towel that the productive economy will be able to grow at a rate that would justify these kinds of valuations.
So where does that leave us bitcoiners? Unfortunately, we are being disabused of the notion that BTC is currently consensus seen as a secure store of value, but is rather consensus viewed as speculative growth tech. I believe this upcoming period of time will be critical. BTC is acting somewhat like a canary in the coal-mine for the economy overall, and the bloodbath price action we are seeing in it right now will spread more aggressively to other areas. The big test will be when the shit really hits the fan everywhere in a period of protracted pain. That is when the consensus view will swing or be confirmed, and when the value of bitcoin will be realized or lost.
I have been stacking and hodling BTC since 2017 and will continue to do so. But it's going to continue to be a wild ride.
submitted by LemonKnuckles to Bitcoin [link] [comments]


2022.01.23 12:28 Upstairs_Vast3138 Zu verkaufen meldet euch privat

submitted by Upstairs_Vast3138 to eyFreundin [link] [comments]


2022.01.23 12:28 Basey124 Would it be fine to open a springtail culture every two days?

I found in several sources everyday, so I just want to be sure and ask here.
submitted by Basey124 to Springtail [link] [comments]


2022.01.23 12:28 suncorpse came back from thw hospital and this fucker is sitting in my bag like it’s a nest

came back from thw hospital and this fucker is sitting in my bag like it’s a nest submitted by suncorpse to shitposting [link] [comments]


2022.01.23 12:28 superedgelord420 I am finally gonna see the way .... Gerrard way that is \o/

I am finally gonna see the way .... Gerrard way that is \o/ submitted by superedgelord420 to MyChemicalRomance [link] [comments]


2022.01.23 12:28 butterjack Caught my cat mid lick 😝 . #CatsOfTwitter #cute

Caught my cat mid lick 😝 . #CatsOfTwitter #cute submitted by butterjack to butterjack [link] [comments]


2022.01.23 12:28 Tendler_Dark Giorno Giovanna from JJBA and blue outfit giorno for manga fans

Giorno Giovanna from JJBA and blue outfit giorno for manga fans submitted by Tendler_Dark to PixelArt [link] [comments]


2022.01.23 12:28 7ail_b0at Alternate title

Alternate title submitted by 7ail_b0at to JackSucksAtLife [link] [comments]


2022.01.23 12:28 MdSujonbd They are an excellent project with a committed and knowledgeable team. I will benefit a lot from this. I think it's a reliable project. #NFT #AIIP #NFTROBOTS and #CRYPTONEWS

submitted by MdSujonbd to AIIP [link] [comments]


2022.01.23 12:28 butterjack Someone parked their cat here . #CatsOfTwitter #cute

Someone parked their cat here . #CatsOfTwitter #cute submitted by butterjack to butterjack [link] [comments]


2022.01.23 12:28 milkthefunk Bro! GameStop has some amazing Corgi gear. If you’re an Ein fan like me, you can’t miss out on these!!! Just search for Corgi and you’ll see…

Bro! GameStop has some amazing Corgi gear. If you’re an Ein fan like me, you can’t miss out on these!!! Just search for Corgi and you’ll see… submitted by milkthefunk to cowboybebop [link] [comments]


2022.01.23 12:28 LOLtimes5 Finnish Pulla with an orange glaze

Finnish Pulla with an orange glaze submitted by LOLtimes5 to Baking [link] [comments]


2022.01.23 12:28 Encephalonosaurus F26 « Sticking your tongue out is out of place on mature women » Well here’s my opinion dude 😛

F26 « Sticking your tongue out is out of place on mature women » Well here’s my opinion dude 😛 submitted by Encephalonosaurus to selfie [link] [comments]


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