269 sats \ 5 replies \ @grayruby 15 Dec 2023 \ on: Will Powell’s Pivot Bail Out Biden? econ
Yes and no. They will lower rates prior to the election but not sure it will filter through the broad economy in time to bail out Biden. Good for asset prices though but people with maxed out credit cards who have been crushed by inflation the past couple years won't benefit much from stocks going up.
Can you charge stonks to your credit card? Asking for a friend.
reply
Does Robinhood take credit cards? I know coinbase used to. I bought my first $100 in bitcoin with my mastercard.
reply
Wow, it never occurred to me that people would actually buy stocks on a credit card.
reply
That was the easiest way to buy bitcoin on coinbase back in the day. Just charge it to your card. Don't need to transfer money from your bank or wire money in. But then at least in Canada the banks blocked crypto exchanges from credit card purchases. Some banks even blocked debit card purchases.
reply
It makes sense wrt bitcoin, especially early on.
reply