Economic Reactions to the Trump Wave

The discussion centers on the current economic landscape, highlighting the interplay between interest rates and liquidity. Recent interest rate cuts suggest that the economy may be at a low point, yet there remains uncertainty regarding future quantitative easing (QE). The timing for QE appears questionable, especially with the resilience of risk assets like Bitcoin, making the case for tighter liquidity more likely. Additionally, there are signs of weakness in the sovereign bond markets, indicating a loss of confidence as central banks withdraw their support.