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Once (if) the government shutdown ends, Fed Net Liquidity will become relevant and sexy again. Until then, the Liquidity Blob remains stuck in the Fed’s and Treasury’s back pockets. When (if) ...

Nickalopagus 1763581723

Any current insights kind sir? We miss you over on X

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Despite the end of the shutdown, the Liquidity Blob remains stuck in the government’s coffers. Bitcoin is screaming for more liquidity. The 2-year Treasury yield is screaming for a lower fed funds rate. But, sadly, the market screams are falling on deaf ears. It’s painful to watch.