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Powell Prepares Markets For "Greater Pain" | Weekly Round Up

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What Is Liquidity?

Liquidity is an extremely important driver of financial assets. I don't fully understand the interplay of the reverse ripo, the treasury general account and the fes balance sheets,. But i do have a lot of trust in its power and of liquidity. Mike, the re lot of interesting thoughts in arthur haye's thoughts about bit coin. He he's a super crypto bull, but he does acknowledge that bit coin is very correlated to other risk assets. And you can see that the price of bit coin is extremely correlated to liquidity conditions in the us.

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