Oddbean new post about login | logout Interest rates are no longer the key, the key is liquidity, bitcoin has risen in a high interest rate environment because liquidity was injected through the BTFP bailout program. Today's is just a pantomime.
Siri, what does pantomime mean?
A farce
Siri, what does farce mean?
😂
They have lowered interest rates by 50 points, now the Rothschild family's employee Jerome Powell will come out to tell his sorrows and life goes on, Bitcoin will go up and down in the short term, come on, see you again. nostr:note1msu55lc2glgl3srjclj7c3pxcr8xr0df4a2ut7qscpv3ecr05zkqcdcqf6
And short treasury market notes. A heavy liquidity enviroment will not be the case if the banking system expect more contraction in liquidity.