Think of American politics in Machiavellian terms. If you want to replace or destroy the current ruling class, you deflate the credit bubble. Trump was an inflationary populist. When the deflationary populist shows up, watch out.
https://tpow.app/7e60d4d3
Tesla is holding up the whole market, and it's a stock than can drop 30% at the drop of a hat.
The bond vigilantes showed up. $TLT
RIP Nasdaq
Fixing it hurts their wallets, the wallets of their donors, and reduces their political power.
Crypto users where Internet users were in 1998, imagine the growth repeating! this is why the price action will repeat too.
It is doomed in the end, that much is certain.
Inflation and falling DXY are separate issues. Other central banks are even worse than the Federal Reserve. If US CPI is 10% and Europe CPI is 15%, DXY is going higher.
Under stagflation
US exports consumer recession to China, domestic energy and food inflation means more dollars stay in USA.
If Inflation keeps rising: think of the hundreds of millions of investors, and trillions of dollars, trapped in collapsing tech stocks and how almost all of them have 0% exposure to energy and precious metals. Some probably do have crypto.
Federal Reserve ends QE early in March and hikes 25 bps to arrest stock market crash.
Who has it on their bingo card?
CPI destroys expectations. Up 0.9% m/m, or 11.35% annualized.
Gold: UP
Dollar: UP
Nasdaq: DOWN
I expect foreign currencies will blow up first, hence the question.
What will go higher in the next crisis, VIX or DXY?
$USDCNY That violet support line starts in Jan 2014. What happened in January 2014? The Fed started tapering QE3.
Chinese PPI and CPI
CPI is down because ASF killed swine herds in 2019, pork soared in 2020, supply recovered in 2021
PPI is up from energy, coal, etc. Coal price rose 20.1% in October. Not year-on-year. In October. Up 103% yoy.
If CSW proves he's Satoshi, instead of mooning BSV, he causes the entire crypto market to collapse into its own footprint. He is both recognized as Satoshi and vilified for causing the great BTC crash.
BSV popping has been a reliable top signal for all of crypto.....
7-11 Sign in 2022
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