Bitcoin Is The 'Last Functioning Smoke Alarm Of Liquidity,' Says Macro Analyst Luke Gromen - Stocktwits
Bitcoin Is The 'Last Functioning Smoke Alarm Of Liquidity,' Says Macro Analyst Luke Gromen - Stocktwits
Source: Stocktwits
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DW NOTE
Gromen is right that liquidity shows up in Bitcoin before it shows up in CPI or GDP, but calling it a smoke alarm implies the fire hasn't started yet. The Fed is printing $1.4 trillion in deficits through nine months while holding rates at 3.5% against 5.5% producer inflation. The alarm has been ringing for quarters — the question is whether anyone with a firehose still cares.