The Fed’s planned balance sheet taper starting in June poses risks reminiscent of the 2019 Repo crisis.
Crash risk is high. pic.twitter.com/oKDgxkJyaq
— Mac10 (@SuburbanDrone) May 1, 2024
To the bulls who are now saying that the Fed's planned balance sheet taper starting in June is "bullish", I would point out that it was QT of that magnitude that caused the overnight Repo crisis in 2019. Forgot about that, didn't you?
As far as today's market reaction, it was… pic.twitter.com/yuCpoYGfJT
— Mac10 (@SuburbanDrone) May 1, 2024
Now we'll find out what happens, when this explodes. pic.twitter.com/cEX1Zz3m6J
— Mac10 (@SuburbanDrone) May 1, 2024
One week post-halving and Bitcoin is now in a bear market. pic.twitter.com/OiQBP4KqPq
— Mac10 (@SuburbanDrone) May 1, 2024
Powell: "I was around for stagflation. It was brutal. Ten percent unemployment. High single-digit inflation. And very slow growth. Right now, we have 3% growth. Which is pretty solid growth, I would say, by any measure. And we have inflation running under 3%. So, I don't really…
— zerohedge (@zerohedge) May 1, 2024
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