â ī¸ WTF IS HAPPENING TO THE U.S. ECONOMY?
MASSIVE CRACKS SHOWING EVERYWHERE
Overnight repo demand jumped to $29.4B, the highest in 5 years.
That means banks are short on dollars and liquidity is drying up fast.
The last time this happened was in 2019, right before the Fed started printing again in 2020.
QT is hurting more than Powell admits, and even the Dallas Fed hinted QE could return soon.
This looks exactly like 2019, it means stress first, liquidity next, markets explode after.
When money flows back,
$BTC and crypto will lead the rally. đ