πΊπΈ Cancelled tariffs means refunds, which means a larger budget deficit Rising bond yields means that deficit is (even) more expensive to refinance The FED will soon need inject liquidity via QE + lower interest rates
Michael Saylor doesn't need to expose MSRT's wallets for a proof of reserves All you need is Zero Knowledge Proof attesting that MicroStrategy has access to private key(s) holding a total of X BTC With ZKPs - no Bitcoin addresses are exposed β¨
π Updated My Thoughts Section Now, each thought has: π A unique shareable page/link π OpenGraph images with the exact text of the thought So you donβt even need to open the page when reading the thought - itβs in the link's preview Example:
Here's why bond yields skyrocketing worldwide β¬οΈ Countries own a lot of US debt (bonds) Moody's downgraded the US credit rating Now, countries are at a higher risk of default, because the US debt they own is now less valuable = higher chance of country's default (simplified)
Btw I've since learned that gold is only β10% of total reserves of the Portuguese Central bank - that's low It's 80% of their international reserves - those are basically regulation-defined ratios that banks must maintain (look into BASEL rules if curious)
It's very okay to leverage, as long as you are sufficiently hedging the risk. In practice this means that you are explicitly quantifying & accepting a certain percentage of risk in exchange for a certain return/alpha