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Jim Bianco: Stop Waiting For Fed Pivot + Bitcoin Decoupling from Risk-on Assets

Coin Stories

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The Doom Loop With the Debt Spirale

The Fed is more concerned about 40% of the population that owns no assets. Those people are being summarily killed by inflation. And they want to rein in inflation to help those 40%. So, if a bunch of people that are fairly wealthy with portfolios are getting hurt, man. That's basically where I think the Fed will step in. They are not going to hurt to impair the financial system. The whole thing like liability driven investing in the UK and a lot of other schemes and hedge funds that do the carry trade as well. In which case they're going to be under a lot of stress as well. But I get what everybody's hoping for: A pause to pivot and stop

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