“Bitcoin is [still] screaming for more liquidity.”
The FOMC has a long and sordid history of not acting appropriately until it is forced to do so.
1. Too little, too late.
2. Too much, too late.
3. Repeat.
It soon may be forced to act.
Discussion
nice to hear from you less
🫡
It’s not. Bitcoin is the liquid.
Time to end the Fed then 👌🏻
Always spot on Dr Jeff! I’m watching the end of QT on Dec 1, hopefully a rate cut given the plethora of job cuts at major corporations, and slow release of funds now that the government is open. All should be supportive for liquidity with Fed chair replacement coming and 3 total cuts expected by March. Still would be better if we could just end the Fed and have a balanced budget backed by sound money