Iโve predicted every Bitcoin move in recent months with perfect accuracy.
We are now on the cusp of the major bullish breakout.
The rally will extend much further than most expect.
Fade me at your own risk!
Listen...
Inflation is NOT a problem when:
1. Economic output is slowing
...and
2. Job Market is weakening
...and
3. Customers savings rate is (very) low.
.... and
4. Inflation spike comes from supply shock.
All are present today!
FED is clueless!
Exactly ๐
A spike in Oil Prices is not just โinflationaryโ.
It depends!
If the economy is in โRecoveryโ or โExpansionโ then higher Oil prices are inflationary.
BUT!
If the economy is rolling over - and is in late โSlowdownโ or in โContractionโ then higher Oil prices are DEFLATIONARY!
Where the economy is in the Business Cycle is key to understand the effects of various shocks to the economy.
Please read that again!
This is why Business Cycle analysis is the key backbone for any Macro analysis.
@SteveSaretsky Itโs easier to control a poor and desolate population than a rich and wealthy one. They hate you and only see you as a tax slave to empower them.
The annual GDP revisions released last week put a brighter hue on the economyโs performance so far this year, but the economyโs performance and near-term prospects remain far from bright. The biggest upward revision was to consumer spending, and as Iโve shown in previous posts, it is the extraordinarily well-to-do who are behind this buying. This, in turn, is due to surging asset values, particularly stock prices. While there are good reasons for stock prices to be up a lot โ yes, AI โ but investors appear to be getting ahead of themselves. My favorite measure of stock market valuation is the ratio of the market value of all publicly traded stocks, as measured by the Wilshire 5000, and after-tax corporate earnings. In the past 75 years, this economy-wide price-earnings multiple was only higher in the Y2K bubble. Of course, todayโs AI-related companies are not the internet-related companies back then, butโฆ And if the current stock market were to correct, and the well-to-do saw more red on their stock tickers than green, wellโฆ Recession risks appear to have receded with the revised GDP numbers, but they remain uncomfortably high.
#BTC Dominance
The Bull Div on BTC Dominance playing out means that #Altseason is postponed
But this BTCDOM upside will likely be limited
Since losing the Macro Uptrend, this upside will likely figure as a post-breakdown relief rally before downside
$BTC #Crypto#Bitcoin