| 17:22 |
mats |
It finally happened |
| 17:23 |
mats |
US treasuries are no longer a safe haven |
| |
~ 3 hours 21 minutes ~ |
| 20:44 |
asciilifeform |
mats: afaik the only 'safe haven' in the sense yer prolly implying, remains: rembrandts |
| 20:45 |
mats |
its a finance ting my fren |
| 20:45 |
asciilifeform |
from what are us bonds, with their single-digit % yields, 'haven' ? |
| 20:46 |
mats |
when there's market crises, investors flee to treasuries |
| 20:47 |
mats |
investors can't buy rembrandts |
| 20:47 |
asciilifeform |
certainly most of'em can't, noshit |
| 20:49 |
mats |
its a crack in the status of us treasury securities as a global reserve asset |
| 20:52 |
mats |
at the same time the trump people are in the process of monetisation of btc |
| 20:54 |
mats |
it could be a few years but eventually there'll be a race by central banks to buy btc, and they'll borrow and print to get it |
| 20:55 |
mats |
they will crowd and the trade and it will be a very fast run to 10+tn, and maybe even eat gold market share in the process |
| 20:56 |
mats |
there may be another bimetallic era but it won't last, and btc will fully demonetise gold |
| 20:57 |
mats |
https://imgur.com/a/WnNK3dt |
| 20:57 |
mats |
crowd the trade* |
| |
~ 43 minutes ~ |
| 21:41 |
asciilifeform |
that'd be victory(tm)(r), but asciilifeform skeptical about living to see it, it always seems 'coupla yrs away' perpetually, 'like fusion power'(tm)(1970s--present) |
| 21:42 |
asciilifeform |
as for the trump thing -- seems to have very little visible effect on exch rate (approx == nao to just before his coronation) |
| 21:43 |
asciilifeform |
... and, notably, far cheaper nao vs. 2022, considering usd inflation |