We Study Billionaires - The Investor’s Podcast Network BTC184: Q2 Macro w/ Luke Gromen (Bitcoin Podcast)
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May 29, 2024 
In this engaging discussion, Luke Gromen, a macroeconomic expert, shares his insights on pivotal economic factors influencing Bitcoin. He analyzes the implications of a $1.8 trillion housing stimulus and discusses the Fed/Treasury cap on USD. Luke also addresses trends in commodities like copper and uranium, and the challenges posed by Japan's treasury market. Additionally, he highlights how macroeconomic trends could redefine Bitcoin's future, making this a must-listen for anyone interested in the evolving financial landscape.
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Orderly Dollar Weakness
- Luke Gromen's thesis remains largely unchanged since his last appearance.
- He predicts a continued need for dollar liquidity and orderly dollar weakness, not a devaluation.
5% Treasury Yield Threshold
- The 5% yield level on the 10-year Treasury bond is a critical threshold.
- The Federal Reserve likely won't let yields surpass this level, as seen in the April peak and subsequent actions.
Hidden Liquidity Injections
- The government might inject more liquidity to control yields and the dollar.
- Watch for news stories about liquidity injections disguised with different excuses.