Fed Hikes, FTX Drama, and Shibarium Buzz: Markets on Edge
• Jeff Booth has warned of a “great depression on steroids” if the US Federal Reserve keeps hiking interest rates.
• Former FTX US President Brett Harrison has explained why he left the company and his relationship with co-founder Sam Bankman-Fried (SBF).
• Buzz about the anticipated layer two (L2) scaling solution known as Shibarium has been the backdrop for dynamic price movements in shiba inu.
The world has seen a great deal of activity in the past week. From warnings of debt deflation to buzz about a new scaling solution, investors have been watching the markets closely.
Jeff Booth, author of “The Price of Tomorrow”, has warned of a “great depression on steroids” if the US Federal Reserve keeps hiking interest rates. He believes that eventually the Fed “will be forced to pivot”, meaning that if the current rate of interest rate hikes continues, the consequences could be dire. Booth has suggested that the Fed should consider other options, such as cutting rates, to avoid a potential financial crisis.
Former FTX US President Brett Harrison has also been in the news this week, as he has shared details of his experience working with co-founder Sam Bankman-Fried (SBF) and his decision to leave the company. In a lengthy Twitter thread, Harrison explained that his relationship with Bankman-Fried had reached a point of “total deterioration” after months of disputes over management practices.
Finally, buzz about the anticipated layer two (L2) scaling solution known as Shibarium has been the backdrop for dynamic price movements in shiba inu. Shibarium is set to launch its beta version soon, and the news has been met with excitement from shiba inu enthusiasts and investors. The meme token has seen a rise against the US dollar in recent days, raising expectations for the coin’s performance in the coming months.
Overall, the past week has seen a great deal of activity in the markets, and investors will be watching closely to see how these developments play out in the coming days.