Cocoa’s connection to bubbles in other investments has skyrocketed to over 95%, a level never seen before. This means cocoa prices are moving more closely with other investments like stocks and cryptocurrencies. It’s unusual because usually, this connection stops at around 80%. Now, there is a chance any investment could behave like cryptocurrencies, especially with government spending money like no tomorrow.
ANY ASSET can be the next crypto. https://t.co/DdoEcHnUA9
— Danielle DiMartino Booth (@DiMartinoBooth) March 24, 2024
This is remarkable.
Cocoa's correlation to cross-asset bubbles is now over 95% for the first time in its history. For the first time in almost *any* asset history.
It usually stopped when it reached 80% correlation, but this time it melted higher. pic.twitter.com/VlDLPxYGEw
— Jason Goepfert (@jasongoepfert) March 22, 2024
🚨Breaking🚨
Biden signs, government spending bill
•the deficit is 📈which means the dollar will lose even more purchasing power pic.twitter.com/nUJNCi9PRY
— The Coastal Journal (@1CoastalJournal) March 24, 2024
It's important to note
Inflation readings are merely propaganda now. They manipulate to fit a narrative. True in the US since the 80s https://t.co/jb9vqykcZM
— Darth Powell (@VladTheInflator) March 24, 2024
If I had to point to one chart to explain Bitcoin it would be this. Short-term USTs are rehypothecatable “pristine” collateral that facilitate expansion of global balance sheets.
Their issuance is thus a form of “money printing” to satisfy liquidity demand fearful of duration. https://t.co/33f5KCmaa2 pic.twitter.com/qrmvQjZAqk
— Matthew Pines (@matthew_pines) March 24, 2024