Oddbean new post about login | logout This is a weird position to be in. Do they want lower interest rates with more inflation or keep it high and pay more for a loan?
They just want weaker dollars against their currency so that their debt doesn’t become expensive. That’s why despite of rates being at 5%, we are seeing asset prices at ATH due to continuous devaluation of dollars. US doesn’t want them to dump their treasury as it would send yields off the roof and the ponzi system won’t work anymore 😂
So you’re saying buy more bitcoin
https://image.nostr.build/e43f1be62fc10dc41012eb3b3ec4f2d20516cfc958040f576876bf2fdd2432a3.jpg
Don’t forget macro environment and global liquidity repo markets or some shit
Haha
