Replying to Avatar Nunya Bidness

So, after FED rate hikes that made the world's reserve asset that most banks hold a shit ton of lose value and caused several banks to fold Jerome Powell is going to . . . [wait for it] . . . raise rates again.
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StackSats.IO 2y ago 💬 1

Seems they think that because BOJ holds more than half of its own debt that everyone can play the same game.

In 08 when things broke it happened quick but not so quick that they couldn’t respond. This time round things are going to break and cascade and they’ll be clueless how to stop it when it kicks off for real

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Andy The Bitcoin Adviser 2y ago 💬 1

Are we in the cascading phase already?

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StackSats.IO 2y ago 💬 1

Nah not yet. Expect failures in multiple markets (ie banks + insurance + CRE) in multiple geos in a short space of time, that’s when people will realise the Emperor never had any clothes to begin with

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Andy The Bitcoin Adviser 2y ago

Looks like it won’t be long…