Lyn Alden
· 160w
I believe the appropriate technical term for this yield curve situation is “dumpster fire”:
https://nostr.build/i/nostr.build_5c78ad5ccaae365aa02d80a7bf5115d1b43325d3f09a3f0b4017efeb966a1c1b.png
Yep. Fed has 1 real root product, the dollar. Their product was the apex predator and never had to watch its back. Then Bitcoin shows up, and even though bitcoin is still a pup, the Fed recognizes that full grown Bitcoin could be bigger than the dollar. So the Fed now behaves completely differently. I would not be surprised if the Fed's coming behavior exceeds all records of hawkishness.