Monday, October 28, 2019

Omnigodlies, omigodlies, omigodlies we are doomed

Lebanon Bans Removal Of Large Dollar Sums From Country Amid Bank Run "Panic"

Levantt paper you are lost but can bitcoin from now on.

What if bitcoin is hedged? Since a regular pattern of hedging central bank emerge, and bitcoin now has futures; we can bet on central bank innovations coming up. Like Dudley here:
...it wouldn’t take much to trigger [a recession], which is why the Fed should take out some insurance by providing added stimulus this week...
OK, that is a bitcoin betting proposition. Stimulus means out of equilibrium, an innovation coming up in the central bank. One should bid bitcoin a tad higher in the future.  Then all the primary dealers do the same, biut bitcoin a tad higher, and they are short money to make Treasury liquid.

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