Then (1967)
Inflation was underestimated
Rate cuts came early
• Fiscal spending never stopped
• Inflation returned stronger
Now
Inflation has been relabeled from transitory to disinflationary
Cuts are being priced despite massive deficits and supply constraints
The parallel is not that history repeats perfectly. It is that markets can rally before macro reality sets in.
Source: X post https://x.com/RosannaInvests/status/2007125968331374799
AI keeps lowering the cost of producing almost everything. A heavily indebted financial system cannot comfortably let that show up as broad deflation. Bitcoin is what sits between those two forces.
$HOOD held the one number that mattered. 104.42 is the 50 EMA, the .618 and the cloud floor stacked on one line. Closed right there yesterday. Today +5.2% on the tokenized equities pilot. • SEC opened the door to tokenized stocks in the US • Fed hiked and crypto rallied anyway, BTC back over 76k…
Let’s put things in perspective. Thanks @KHerriage Rates never ended that bull market. Demand did. By 2000 the fiber was built years before anyone needed it, and the capex cycle ran out of customers while the 10 year sat near 6%. Today the order is reversed. Customers are
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“Raising rates will not lower energy prices. It will not create oil, gas, pipelines, refineries, or electricity capacity. And it will not curb government spending.” “This is not inflation fighting. It is punishing the productive private sector while fiscal excess remains untouched.” Well said @dlacalle_IA 🤝
Most people watching the Fed are watching the wrong number. Earnings do not move the overall market; liquidity does. The rate that matters is the real rate: the policy rate minus expected inflation. The Fed sets the first variable. The public sets the second. That means policy can change without a single vote. Hold the…
