The economy President nuked the economy
The no war President started a war in the Middle East
The drain the swamp President promotes corruption
The crypto President launched rugs
The release the Epstein files President is in them
The cheap oil President made oil moon
Alright...
The Fed just launched "QE" by another name, and they’re hoping you’re too busy doom-scrolling to notice.
The Fed just launched a new scheme called Reserve Management Purchases (RMP).
It’s a liquidity injection designed to support the Treasury's borrowing disguised as "managing reserves."
By switching to short-term T-bills, the Fed is greasing the wheels of the banking system without triggering the "inflation" sirens that come with traditional Quantitative Easing.
It’s money printing with a better PR firm.
They are topping up the system's antifreeze so the engine doesn't seize while the Treasury issues more debt.
It’s stealth easing through the back door.
Bitcoin to the moon is the only logical conclusion when the pipes are being filled with freshly printed ink.
There is a decent chance that Election Day was the hurdle we needed to get through before a deal is reached. Expect more positive news flow at the margin
Video dropping Saturday. Like for 2x cool point.
The market looks like a frumpy old whore.
I'm more bullish than ever. There are a goofy amount of 20x alts sitting at dumpster fire prices. Let's discuss.
@gidwell@rootlets_nft Gerald Ratner run a multimillion jewellery business in the UK and one day joked that the stuff he sold was all crap. He went bust shortly afterwards. Be warned.