The Morning Meeting

  Quotes Everything becomes a commodity Big bang adoptions Poker and Trading are alike. The other players at the table want your money Trade (ST), Trend (MT/LT), Tail (Option) Markets & Macro news Gold & Silver Bitcoin Model stopped working? Elon Musk’s comments on poor environmental record of Bitcoin the nail that broke the camel’s back? Why the US dollar could lose its reserve status? The US is the world’s largest borrower and has massive structural budget and trade deficits. It used to export dollars in the form of the sale of treasury “assets” in USD. Foreigners, mostly trade partners like China and Saudi Arabia used to happily buy the bonds to keep their customer happy and money flows rolling. Not anymore. The Fed must buy the debt to avoid a massive spike in yield that the budget cannot afford as “normalized” yields would absorb 30% of the budget. Bottom line= buy real assets and buy gold/silver Fixed income $ Themes, Sectors & Corporate news