FedWatch 155 - Global Prices Crash! Deflation then Inflation?

Aug 17, 2023

On this episode, the hosts delve into the US and Chinese CPI numbers and their implications for the global economy. They analyze Bitcoin charts and remain optimistic. They discuss deflation in China and challenges faced by the central bank. They also touch on Bitcoin custodians and non-objection letters from the Fed, as well as limited understanding and skepticism in certain areas.

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Introduction

00:00 • 2min

Introduction, US CPI, Live Streams, and Bitcoin Volatility

02:19 • 2min

Upcoming Amsterdam Live Event, European Market Focus, and Bitcoin Volatility

04:24 • 2min

Bitcoin Charts and Bullish Outlook

06:02 • 29min

China's Deflation Numbers and Challenges

34:47 • 9min

Bitcoin Custodians and Non-objection Letters from the Fed

43:41 • 5min

Limited Understanding and Skepticism, CPI, Bitcoin Price, and Employment Numbers

48:40 • 4min

Hosts: Ansel Lindner and Nolan Bauerle

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Fed Watch is a macro podcast with a clear contrarian thesis of a deflationary breakdown of the financial system leading to bitcoin adoption. We question narratives and schools of thought, and try to form new understanding. Each episode we use current events to question mainstream and bitcoin narratives across the globe, with an emphasis on central banks and currencies.

Find all charts and links at bitcoinandmarkets.com/fed155

In this episode, Nolan Bauerle and I dig into US and Chinese CPI, and discuss what it means for the global economy. We also start off the show as usual by examining the Bitcoin chart and some related news.

US CPI came in under expectations. Month-over-month was 0.2% (m/m) and year-over-year was 3.2% (y/y). Some people might not understand the importance of following CPI as closely as we do. However, we feel it is important to understand money and confirm our predictions based on my geoeconomic theory. So far, it has been very accurate, confirming my theories and adding more weight to my predictions and forecasts about Bitcoin itself.

We went through lots of charts on CPI, honing in on CPI ex-shelter. It is roughly zero, and since shelter is a lagging indicator without a mind of its own, we can predict shelter, too, will come down toward zero or even negative being highly likely.

Next, we cover Chinese CPI and PPI which show a massive global economic slowdown is upon us. Their headline y/y CPI went negative at -0.3%, and their PPI came in at -4.4%! Much of the world is going to enter a big recession in the second half of 2023, but the US will be able to avoid it for the time being.

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Written by Ansel Lindner

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