Discover and read the best of Twitter Threads about #cash

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As new #payment methods continue to emerge, our “2019 Diary of Consumer Payment Choice” highlights both the important role #cash plays in our economy while also illustrating the significant role of competing payment methods and #technologies: sffed.us/cashdiary
#Debit cards were used the most, accounting for 28% of payments. #Credit cards accounted for 23% (up 2% from 2017).
Consumers used cash in 26% of transactions (down 4% from 2017). However, #cash was used heavily for small-value payments, representing close to half of payments under $10.
Read 6 tweets
I also find this argument persuasive.

THREAD on #CBDC & #cash

Having a central bank digital currency alongside cash is effectively like the govt offering 2 different competing monies, b/c they have different characteristics, risk profiles, etc.
Cash is better for privacy, not subject to systemic digital failures, & accessible to all (even those who can't afford digital svcs).
CBDC may be cheaper for govt to offer, enables greater use of negative interest rates as a tool of monetary policy, makes money laundering/terrorist financing more difficult, reduces friction in txns, & enables financial inclusion.*

*Just stating args-don't necessarily agree.
Read 22 tweets
@rlefraim wrote, PRESIDENT TRUMP DID THE RIGHT THING. NANCY PELOSI MADE A FALSE ACCUSATION 5 MINUTES INTO A MEETING, AND THE PRESIDENT RESPONDED BY SAYING, THAT ENDS DISCUSSION.

PELOSI KNOWS ABOUT COVER-UPS.

Like what she and her friends did about Benghazi (2
#Pelosi #Benghazi
Like What they have done to hide Hillary Clinton's illegal server and obstruction of justice by destroying evidence. 2) #HillaryClinton
#ObstructionOfJustice #illegalserver #bleachbit #destructionofevidence
Like how Obama colluded with Russia by promising he would be more flexible after reelected - in exchange for what, we can only guess. #Obama #Russia #flexibility
3)
Read 7 tweets
Some analysts seem to think, that #USDJPY must decline when/if #SP500 is to decline or crash. That is not the case! Observe yellow markings #HZupdates
#USDJPY and #Gold have strong inverse relationship. Both have formed triangles since 2015. Now - main direction will continue. USDJPY towards ~154 - and Gold towards ~800 USD #HZupdates
#Gold did bottom in 2015 - but only for a bounce! A "ZigZag-pattern" is defined by A-B-C waves. A from 2011-15 = 5 waves. B from 2015-19 = Triangle (abcde). Now 5 waves down in wave C. Decline may be very strong! #HZupdates
Read 10 tweets

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