Keep an eye on this.
SLR is the next stealth QE and Bessent is pushing hard for it.
Be careful if you’re short bonds.
This will be a fresh source of liquidity for treasuries.
Great read: pic.twitter.com/wzwuLzOO11
— QE Infinity (@StealthQE4) May 24, 2025
Today, once again:
USD is lower.
Financial assets are lower
Hard assets are higher.The chart below highlights one key takeaway:
This is likely just the beginning of a secular downward trend in the dollar, in my view. pic.twitter.com/I6lp4ZvWi5
— Otavio (Tavi) Costa (@TaviCosta) May 23, 2025