Rabbit Hole Recap #264: Fitch Eyes US Default as "Soft Landing" Narrative Falters
Rabbit Hole Recap
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The Fed's Soft Landing
The mainstream is that we're going to have the soft landing. The Fed's likely going to have to step in because they're holding the Japanese government's holding the largest amount of US treasuries. And then I think really the sneaky thing is the oil markets, where if we screen towards $100, the inflation as measured by CPI is going to be rising while the Fed has rates at the highest rates for quite some time. It seems like everything going on in these financial markets is sort of being swept under the rug in the mainstream level. Stay humble and stack sats, y'all.
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