Markets Push Back the Powell Pivot – Ep 835
The Peter Schiff Show Podcast
00:00
Bit Coin
Bitcoin dropped sharply, and as i'm recording this podcast, it's barely hanging on to eny one thousand handle. Bit coin now represents less than forty % of the total market cap of all the crypto currencies. The two year is now the high point of the yil curve. At one point it was the five year that was the high point. Now it's the two year. That indicates to me that markets will start cutting rates sooner than most people thought. And so investors expect rates four years from now to be lower in relation to where they are today.
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