chrishkennedy.bsky.social

“This is an enormous heist. They’re just backing the truck up to the government in front of all of us. A massive bailout to the crypto world. The opportunity to turn a speculative asset into real cash on your dime. And presumably, David Sacks, as the crypto czar, will help usher that plan through.”

The economy is ending 2024 strongly. Our real GDP tracking estimate for the 4th quarter, which is based on available monthly data, is 3.9%. It likely will be lower when all the data are in, but say it is 3%. Calendar year ‘24 growth will be 2.8%. A great year. Biden is leaving a stellar economy.