What I'm Reading This Week (2024/12.22-12.28)

Table of Contents

• Trends
• What I Am Reading
  • 1. Xdown: Open-source Free IDM / Torrent Hybrid
  • 2. Build Your Own Telegram Tapper from Scratch

Trends

Good Afternoon –Jerome Hayden Powell

This week, the interest rate was reduced by 25 basis points.

According to the Federal Reserve’s forecast, it is expected to cut rates twice more in 2025, each by 25 basis points.

In its latest dot plot, the Federal Reserve adjusted its expectations for future inflation and GDP growth, maintaining an optimistic outlook for the economy.

However, I have been feeling somewhat confused about the market lately.

The recent research report I wrote is about the Federal Reserve’s rate-cutting and rate-hiking operations from 2020 to the present, covering three cycles, totaling four years. Many issues have already been resolved.

The full content cannot be released, but it mainly organizes the rate-cutting and rate-hiking cycles during the COVID-19 period.

Currency devaluation can solve many problems, most notably as an alternative to widespread debt deflation, avoiding scenarios like the “Great Depression” in the U.S. and the “Lost Decade” in Japan. Therefore, it’s important to hold more assets.

Rate-Cutting Cycle (March 2020 to March 2022)

• Starting point: In March 2020, in response to the COVID-19 pandemic, the Federal Reserve quickly lowered the federal funds rate to 0.00%-0.25%. The goal was to stimulate the economy and support employment.
• Rate cuts: In March 2020, the Federal Reserve made several emergency rate cuts, totaling 150 basis points, aiming to lower borrowing costs and encourage consumption and investment.

Rate-Hiking Cycle (March 2022 to September 2023)

• Starting point: In March 2022, the Federal Reserve began raising rates.
• Rate hikes: Over 18 months, the Federal Reserve raised rates 11 times, bringing the rate to 5.25%-5.5%, the highest level in 22 years. This was done to curb inflation.

Rate-Cutting Cycle (September 2023 to December 2024)

• Start of rate cuts: In September 2023, the Federal Reserve paused rate hikes and began cutting rates in September 2024 by 50 basis points, bringing the rate to 4.75%-5%.
• Rate cuts: In November and December 2024, the Federal Reserve again cut rates by 25 basis points, bringing the rate to 4.25%-4.5%.

What I Am Reading

1. Xdown: Open-source Free IDM / Torrent Hybrid

• Supports browser (Chrome/Edge Chromium/360 Browser) takeover for downloads
• Supports torrent downloading and seeding
• Supports automatic blocking of leeching clients for torrents
• Supports reconnecting after disconnection
• Supports downloading via standard FTP/HTTP/HTTPS/HTTP2 protocols
• Supports custom HTTP header fields
• Supports manual configuration of concurrent downloads (up to 128)
• Supports multi-IP polling for node downloads
• Supports BitTorrent built-in tracker list configuration
• Supports TLS 1.0/1.1/1.2/1.3-SNI
• Supports magnet links
• Supports DHT for both IPv4 and IPv6
• Supports global speed limiting
• Supports custom global proxy settings

2. Build Your Own Telegram Tapper from Scratch

(Summarized by claude-3.5-sonnet)

• Build an Almost Production-Ready Application from Scratch: In this tutorial, you will learn how to build a highly customizable application template using Vue 3 and Telegram mini-programs, suitable for games, business applications, or services. By the end, you will have a 98% production-ready application that can easily adapt to your needs.

• Complete Tech Stack: This project uses technologies such as Vue 3, Supabase, Firebase Deploy, Pinia, Docker, Selectel virtual servers, Node.js, Telegram mini-programs, Lodash, and Telegraf, helping you build a feature-rich application.

• Functionality Implementation: In this tutorial, you will learn how to create a Vue 3-based Telegram single-page application (SPA), including features like task execution and recommendation systems. You will gain in-depth knowledge of how to integrate these technologies for real-time data updates and user interactions.

• Hands-on Experience: By gradually implementing both frontend and backend features, you will become proficient in using Vue 3, Supabase, and the Telegram API, and learn how to deploy and maintain applications in a production environment.