“Many investors appear to be operating under a misapprehension that this cycle is just like all the previous cycles in their career, even though the FED has *NEVER* tightened with debt/GDP at 120%, deficits/GDP at 6%, or US Net international Investment Position at -65% of GDP….

….

LET ALONE TIGHTENED WITH ALL THREE BEING TRUE AT ONCE!”

That’s because in Tradfi the most dangerous words in investing are “this time is different.”

They won’t see it coming because the fish don’t realize they are swimming in water.

Be grateful more time to stack cheap sats ⚡️