The world sees the U.S. and says, “screw this” … even crypto is dead today
… and so, the usual “nothing burger”, and it wouldn’t surprise me to see the
same tomorrow … what’s dawning on the world, with a brand new Biden war
nobody wants with Yemen [proxy for Iran], is the simple factoid question of
who’s gonna pay for this shit? ,,, right, NOBODY! … just put it on the
Venezuelan credit card and “spend & borrow” some more TRILLIONS! … and
this idea there’s gonna be upwards of 175+ bps cuts in rates in 2024, is like
betting on the Cowboys year after year not to choke in the NFL playoffs … are
you F-ing NUTZ!?
And since we’re in an election year, the POLS will spend like drunken sailors on
shore leave … that leaves little chance of depression level econ stats for these
rate cuts … which means markets [pick ‘em] are vastly overpriced … and for
crypto, what does the April “halving” bring for BTC? … in the past it always
meant price increases … this time as well, or no?
Even today, not even a smidgen of a dead cat bounce from the ass mauling ~ 7K
drop since the NYSE open on Wednesday last week in BTC … call it the
“ETF TOP”! … meanwhile, ETH remains buoyant as traders took out major
resistance in the ETHBTC spread this last week .. onto the rest of this
Holiday week.
… OUTTA HERE … “The future’s so bright I need 2 pairs of sunglasses 😎😎,
and my own Brinks armored truck” 💓!! … Onward & Upward!!
-vegas
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