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BCB104: JOE CONSORTI: Recession, Real Estate, Banks & Left Nipples (Macro Update)
Blue Collar Bitcoin
The Fed's Changes in the Fiscal Year
In the last FOMC statement, they basically done like a copy and paste because it's all about managing expectations when it comes to US dollar capital markets. And one of the ways that they have executed their policies so well is that they always forecast exactly what they're going to do well out in advance. They haven't forecasted at all what they intend to do ahead of time. So they're basically leaving it up to the market and also saying that we've already reached peak fragility where banks are starting to fail. The Fed is sort of trying to tacitly usher in the pause without explicitly saying it. Um, so I think we may get 25 in May, but apart from
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