with all the humdrum happening on the Steem Chain its kind of easy to get stuck in our echo chamber...

So The witness war is taking place and the Steem price is rising due to that??? weird world we live in.

In the meantime...

in the outside world of Fiat there was also some major stuff going on

Screenshot 2020-03-03 19.12.31
https://www.federalreserve.gov/newsevents/pressreleases/monetary20200303a.htm

Today the Fed made an emergency announcement and changed the interest rate

They used the corona virus as an excuse to lower the rates by 0.5% to 1.25%. The thing is that the markets had been expecting this and had already counted on it and it was calculated into the trading. The major news outlets were screaming their heads of about the huge 5% jump but it seems to be short lived. Jump up a little on the news and then reality slaps the market on the head and down again we go.

Could it be that dropping the rates is not enough?

Could it be that the virus is the thing, the black swan event that the markets cannot handle?

Gold seems to be doing a bit better then the Stock market in my view...

Will bitcoin follow and prove its digital gold status????

Screenshot 2020-03-03 19.15.34

Screenshot 2020-03-03 19.19.01

Screenshot 2020-03-03 19.09.19

We here on our small blockchain are worried about a few million in value but out there there are other things going on that could be potentially a lot nastier.

Do not forget to keep an eye out there as well

Posted via Steemleo