Say more please!
Discussion
The entire play is to bring 10 year T down to roll over some 8 trillion in short term debt
This is either blip on fake tweet this morning or the market is playing chicken to see if they can flip the policy
I'm glad my son is young and hopefully by the time he's coming of age we'll be in a more relaxed time. But maybe nothing gets easy again.
Sats are safety.
I believe this, but I also worry I believe this sometimes.
It is the best we got. I encourage you teach him all the old school boy scout skills, handyman skills, basic car mechanics, hunting, fishing and planting a garden before 15 years old. Quality time with Dad outside enforcing human fundamental survival. Even if he wants to become and it is available to be white collat Pro, he has all the qualities of a fine outdoorsman that can be forever useful.
So far, he has helpd me grow some basil and also destroy one plant. He's on his way. He is very naturally mechanically inclined though, so I'm real excited. He got a powerwheel type car for birthday and had a blast helping me build it while only nearly stabbing himself twice.
It means selling into the 10 year. Which you would think there would be buying as a move to safety. If there is selling is that people not seeing USDT as safe? Are countries that hold USDT as the reserve currency of the world pissed and they are starting to dump?
You lose USD as the reserve asset then you get high intrest rates that smoke market and could indicate that we are losing the ability to print endless money without the massive ramifications.
It is one day. Could be a blip on the radar and probably is. I see USD as the reserve asset until BTC is. Tether and stable coins have already become and will become an enormous USDT buyer to help maintain that reserve status for another 25 to 50 years. Just because people on the street know usd and want usd not rubles or other FIAT.
Eventually people will stop wanting any fiat and a constant drain on their wealth. That won't be until BTCs NGU technology is entrenched in every humans mind and the volatility drops closer and closer to USD levels.
I know advisors. This isn't panicking their clients like something like this usually does. Maybe because they realize the Fed putt will make everything OK and Covid triggering the Fed putt so recently they aren't panicking selling they are calling and saying what bonds should I sell to rotate into equities.
I think this is saying. People are just loading up. Which in my mind means people think trump will negotiate his way out of this and we will be in a better place in the next few months.
Selling bonds that didn't get crushed with the markets and loading up for the rebound. We went positive with one fake news tweet about a pause on tariffs. Imagine what happens when a handful of countries see this as an opportunity to become the US's largest trading partner and says hey tariffs us 5% we will put no tariffs on you, let's do this.
The world is a freemarket more than the stockmarket is a freemarket. Countries will come crawling in trying to ink the best deal with the US. Markets will explode and we will have brought working class jobs home and flipped the perpetual get fucked on tariffs perpetually market on its head.
Your not bullish enough. š
Iām a risk averse lawyer who is always looking for the worst case scenario. Winning is hard to appreciate.