Strong employment, but people's wages are getting crushed. We keep hearing of mass firing events in the tech sector, and strikes in other sectors.

Plenty of jobs but in practice they are jobs that are not paying a wage that keeps up with inflation enough to make basic needs in life. I don't currently know anyone who is not struggling. Have you ever been to a plasma donation lab? We are living in some version of a dystopia.

Economic conditions have changed. Companies cannot sacrifice profit for growth. Any company still with this mindset will not survive. Any company that couldn't make a profit in a free money economy because of the economics of their business are already doomed.

Federal reserve does not have the tools to deal with inflation correctly. Congress won't budge on expanding their tools. Instead they blame the other political party. To their faces. With the Fed in the same room. On CSPAN.

I believe the economic condition for the average person in day to day life will continue to deteriorate, but I also believe it has a lot of room to do so. Peoples tolerance shift to accommodate the discomfort. If mass firings that began in tech last year and through early summer was a canary in a coal mine, that should start to play out soon and job growth will evaporate overnight.

Bitcoin on-chain indicates only hodlers are buying, and they are taking more off the market than can be supplied into the market. Eventually this will manifest in a physical reality of a price move in extremely dramatic fashion. 30-60K shouldn't be an area we hang in for very long at all. Until we blow straight past 30K without blinking I am not getting excited just yet.

I am hopeful a good Nostr client that attracts journalists and activists hits the scene. The best Nostr client will be the one that isn't marketing itself as a Nostr client.