Jorma

It's pretty easy to say when your not Treasury Secretary in 25. Obviously she was constrained from saying so the last 4 years. The perfect object lesson into why our institutions are failing us so badly. She lost me years ago when she supported the Fed purchasing stocks. I don't remember when or what circumstance but there is no recovering from that. Of course that's an antiquated idea now. The Fed must buy crypto now obviously.

Canada is functionally like the rest of the worlds developed democratic nations but technically the sovereign of Canada is the King of England. Canada is a Constitutional Monarchy. https://en.wikipedia.org/wiki/Monarchy_of_Canada https://en.wikipedia.org/wiki/Canadian_sovereignty What it all means is pretty much nothing. Sort of a trivia question. Which doesn't preclude Alberta bidding to become a US State someday.

Canada as a nation, a country, a nation state, is a Rube Goldberg contraption.

Simple, go 200% into Bitcoin.

Good luck with Quebec .

Personally I think your work would be 100 times more effective if it was free. Then you can give up the demands of regular posts. The proprietary model in this arena of markets and macro economics doesn't work very well. So why stick with it?

It will be very very bearish but lengthen your timeline, up to 10 years. Which we personally don't have to worry about. I'm thankful I've lived in this bubble of the English speaking world which has not seen bloodshed within their borders, except the blitz, from external or internal war for well over a century and a half. However half the people now want blood. So it goes.

I believe crypto will break cycle analysis. OK, could break cycle analysis. Or die trying.

Back in the day they commonly ran up the coupon rate pre auction so the dealers might have an easier time making some dime on their inventory.

When the market rallies on Matt Gaetz withdrawing from his nomination, at 12:24PM est, I think we can guess where this is going.

https://ledn.io/borrowing I don't think little consumer loans mean a thing in liquidity terms but what about whales? Are the giant banks taking crypto as collateral for loans? There is over $3TN in crypto today. Crypto doesn't have to be money to create money. I mean real money.

This should be revisited. https://www.bloomberg.com/news/articles/2024-11-14/trump-s-ally-lummis-pushes-to-sell-some-of-the-fed-s-gold-to-buy-bitcoin I am paywalled but the headline says it all. It isn't the Feds gold. The Feds vault is a repository. It holds the US governments Gold, among others. It does not own it or hold it as a 'reserve'. The idea it owns the gold is often stupidity of the MMT variety or simply disinformation. In this case surely the latter. The Treasury could sell the gold and take the proceeds which is money and put it in its account at the Fed. If Yellen showed up at the Eccles building and said deposit these Bitcoins in our account Jerrry would say get that shit out of here it isn't money. Just like the the MMT idea of the trillion dollar coin being deposited in the Treasury account. It's nonsense. Now if some other Treasury Sec showed up with another Fed Chairman? Take a guess and thus crypto would be a bank deposit, aka money. Everyone wants more money. That banks would want to give up their monopoly on creating money is nuts but such is the desperation for more. So Musk can fly some people to Mars, to die.

That's such a good idea I suggest that Jerry should stay away from high windows.

And thus make Cyrpto money. Then make it acceptable to pay taxes for the cherry on top.

Debt based money is moving towards its absurd limit and Crypto is an attempt to augment it.

Wow. Finally an interesting question at a post Fed meeting press conference. "Some of the president elects advisors have suggest you should resign. If he asks you to leave would you go" "No"

The revolution was televised and nobody mentioned it. These chumps sitting on top of mountains of assets actually think they are sitting pretty. Poor innocent little lambs.

"Discounting the rebuilding of the Russian army and its return to Warsaw and Berlin, and who knows, Frankfurt, Brussels and Paris." I think your misapprehending the situation. It isn't to somehow occupy countries, it's to end Liberalism End meaningful elections. Have one party states. Big Boss Putin can meet with Big Boss Trump and work things out. What they are missing is nobody is going to want to work anymore. Not for bosses richer than God.

A distinct lack of substantiation from Treasury Coupon Land. Why do I have this overwhelming feeling that substantiation is on the way?

It's like watching a train wreck.

At this juncture it's hard to imagine the news will be just noise. That the relentless inflation of assets for 40 years will just continue more years and then more again, on an upwards march as the consent of the governed disappears. I won't bet against it but it's pretty hard to imagine how.

Uncanny support at 5801

They have taken care of all the gaps in the TNX chart, except the biggie 11/2/23 at 47.78. Which is way way out of reach. Impossible. Or just about that time, during a hedging accident, the Fed will let loose again. So come to think about it could be. You know they are dying to print again.

It's the Devils Tower formation.

It's pretty cool that since the Fed 'lowered rates' on Sept 18 TNX is up .4% and everyone is already getting hot and bothered about the next cut.