RE: The Yield Curve Is Telling A Different Story
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Right, rehive. At least it tells that out there in the real world economy the risk/reward is not really tasty. And since it incorporates massive markets like euro-dollar futures it can tell if there is a money flood (like most people believe) or an actual money shortage and the bondmarket right now point to a deflationary environment. It's a different thing to say that all the fiat shit inflates (which is true) and say the economy is inflationary, since the economy does not run on governmental fiat. Your right the trigger does not matter, if an apple is ripe it will fall anyways. The degree of obfuscation of balance sheets like in the case of Theter/Bitfinex, Binance is really high, we dont really know much about the real value of one tether and as soon as information leaks, the market will correct. Same goes for massive zombified corporations. The shadowbanking system is like cryptography it makes reality hard to know, things run on trust and belief, this is why Defi is so big but first it all needs to crash.
Some great points.
I would say that we have to prepare for an "Enron moment" with some of the stablecoins. Many are questioning what is there. If regulators move them in the US under the banking laws, they will be audited. I have a feeling what will come out will be different than what is promoted.
Ironic that cryptocurrency is touted as a new system, a ledger system. However, that was truly running the world for the last 60 or 70 years. Most do not realize the shadow system that operated outside the scope of central banks.
Hell the Fed admitted it lost any definition of money 50 years ago. That is why it keeps trying to manage expectations. There is where we see the impact. They truly dont control what they claim.
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Enron. Lol, that brings me back. Was definitely upfront for that fiasco and a half. One of the traders i worked with went on to the Deutsche Bank derivatives desk. Pretty sure he was accused of doing something that moved the market at one point. You're right, who knows what the next big "thing" will be? Time will tell.
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