Two things I have been working on tonight:
1. The economic βcanary in the cageβ is Japan. They are the most stressed and they will be the first tell.
2. Bitcoin is now the global financial cache, it moves first because it is the most liquid. It also recovers first.
Yeah when regular people get in HORRIBLE financial positions, the first thing they sell is their bitcoin.
And do you know what? The dumb arse that I am, only realised this tonight π
The most liquid asset in history, with 24/7 trading
Whats your summary about Japan? What is stressed there?
Their debt is 230% of GDP the highest in the first world.
Bond yields have risen recently, despite this, they had the worst quarter bond sales since 1987.
They own $1.1 trillion of US debt.
Does it matter though? Just higher inflation.
