cryptodims t1_jegb1mg wrote on March 31, 2023 at 8:19 PM

Thanks for confirming there’s nothing logical driving this rally.

IDesireWisdom t1_jegd9rx wrote on March 31, 2023 at 8:34 PM

It’s completely logical. The Fed dumped hundreds of billions into the banks as part of the Bank Term Funding Program at the same time as it employed its ‘backstops’.

This move by the Fed isn’t logical only if your frame of reference is that the Fed is trying to improve the economy for poor people.

If you understand that the Fed has manufactured a scenario where you can win as long as you don’t have FOMO - its literally manufactured to win - then the moves make complete sense.

Thanks to fractional reserve banking, hundreds of billions turns into trillions! It’s amazing

cryptodims t1_jege66n wrote on March 31, 2023 at 8:40 PM

Ah excellent. More nonsense disguised as “logic”.

IDesireWisdom t1_jegeuyo wrote on March 31, 2023 at 8:44 PM

Profiting off of someone’s ignorance isn’t logical? You’re going to have to explain that one to me.

cryptodims t1_jegms4l wrote on March 31, 2023 at 9:39 PM

Oh you’re on to generalist statements. Moving even further away from a logical explanation for the rally.

IDesireWisdom t1_jegns0m wrote on March 31, 2023 at 9:46 PM

Prove it. You still haven’t explained anything. You’ve labeled it illogical but haven’t explained how. The burden of proof lies with you.

You don’t have to explain anything, but I have no reason to believe you. In the event someone else is reading this, you’ve offered them no reason to believe you except your dissent.

Prove my argument is illogical.