Oddbean new post about login | logout The most important #macro data... by far. Global M2 -- the creation and flow of liquidity to the private sector -- is the primary driver of asset prices over time. And #bitcoin -- as everyone should know by now -- is the Great Absorber of Liquidity. Understand this and you will do well. https://m.primal.net/KfQO.png
Do you think the disinversion of the 2Y/10Y after 27 months of inversion could be a canary in the coal mine for a liquidity retraction? Historically, this has been a strong recession signal. Would love to read your thoughts on the macro implications. https://m.primal.net/KfRR.jpg
It seems to me that the monetary base - as a component of M2 - provides an even more direct correlation; particularly as Bitcoin has matured in recent years. FED Monetary Base: https://m.primal.net/KcnK.png BTC/$: https://m.primal.net/KcnJ.png
I enjoy following Macro if for nothing else then to watch Bitcoin game theory play out. In the end I just put every spare dollar into stacking sats.
We wait with bated breath for the king of pop to green-light the Bull 🕺🕺🕺
The transition has already occurred and the bullish liquidity wave is already underway. Market participants just haven’t realized yet. Take advantage of this reality.
This means we are still so early, right?
It’s unbelievably good to have the Dr. Bull back 🕺🐂
The market will not respond to liquidity increase and the Fed cut until few months later. Meanwhile market is in consolidation or mid-cycle correction.
Why won’t it respond for a few months?
