The Japanese #yen ( #USDJPY ) is literally all over the place. It went to 160 before a massive reversal occurred. Difficult to have any conviction on a trade currently.

‘Government #debt is not just debt, it’s also an asset!’ Right? Now, what if the quality of that asset deteriorates through:
Lower returns
Higher volatility
Less diversification benefit?
This changes the characteristics of the balance sheet, meaning every multi-asset manager,…

‘Bitcoiners’ trying to refute or defend even the tiniest bit of criticism of #Bitcoin or to continuously ‘convince’ that Bitcoin is the ultimate solution for, well, everything, are more a sign of weakness than they are of strength.

A group of #Switzerland -based #Bitcoin proponents aims to make Bitcoin part of the Swiss National Bank's balance sheet. Some facts:
- The group must gather 100,000 petition signatures within 18 months to obtain the right to a referendum.
- Out of the working-age population of…

Doing something different!

Is this the age of ‘hard money?’
Better: This is the age of scarce assets! I expect a massive diversification away from bonds into scarce assets, and I launched an investment fund to capture this. Watch from 3:33. Learn more about the fund: bloklandfund.com/eng/

This is by far the most painful long-duration bond bear market in (modern) history. And the chart does not include #inflation . While this may prove a profitable entry point from a nominal return perspective, risk-return dynamics will not be as attractive as they used to be. #Debt …

Let's go!

Crazy!
#USDJPY #Yen

I'm joining Grizzle Hard Money: Gold, Silver & Bitcoin today.
We will discuss the Blokland Smart Multi-Asset Fund, the decision to include #gold and #bitcoin alongside quality #equities , where now with interest rates, #centralbanks , #geopolitics , and more.
I'm up at 19:15-ish CET…

The FX-related #macro backdrop is getting edgy. The Japanese Yen took another dive against the US dollar as the #BankofJapan kept #monetarypolicy unchanged and did not comment on foreign exchange policy, determined by the Ministry of Finance. Interestingly, Tokyo's #inflation …

Grizzle Hard Money: Gold, Silver & #Bitcoin ⚒️ Friday, April 26th, 2024 at 10AM ET

LIVE on Twitter & YouTube: youtube.com/live/ltLjgTnG1…

We've brought together a lineup of industry heavy hitters 🫡

◾️Warren Pies Warren Pies 3Fourteen Research
◾️Bob Elliott Bob Elliott…

#Inflation fears are steadily taking over market sentiment. After the combination of lower-than-expected US #GDP growth and higher-than-expected #inflation , markets now expect less than 1.4 rate cuts from the #FederalReserve this year!

The US economy grew 'just' 1.6% (annualized) in Q1. Not only a big miss compared to (Bloomberg) consensus (2.5%) but also compared to the Atlanta Fed GDPnow forecast (2.7%.)
More importantly, the combination of lower growth and higher inflation has a stagflationary flavor. Equity…

I have translated my post about the Dutch Central Bank (DNB) and its (stringent) sustainability 'suggestions' for homeowners into English, as I expect this will not be the last central bank to do this.

The Dutch Central Bank has calculated that 95% of homeowners can finance the…

'Priceless' #Bitcoin 'commercial' sells for USD 1,027,000 at online auction.
🤣

Mocht je het gemist hebben, hieronder nog één keer de link naar mijn recente interview met Paul Buitink 🎙
🎙️

The US dollar has made another high against the Japanese #Yen . The Yen is down a whopping 10% against the greenback just this year. Despite several warnings from Japan's Minister of Finance & Co., the Bank of Japan has not been instructed to intervene.
So why is this?
- Japan's…