Podcast and Chill #93
Money Printing; US Debt Downgrade; PayPal's stablecoin
Today’s Cheat Sheet -
Support and resistance levels and our daily, weekly and monthly bias on BTC, ETH, OIL, ES, and NQ as well as our favorite altcoins.
“This direct connection that mainstream economics wants to draw between the amount of bank reserves in the system and lending, stimulating the economy, doesn’t exist.” — Macro Alf
“Danielle DiMartino Booth CEO & Chief Strategist, QI Research joins Forward Guidance for a special episode from Camp Kotok.
We discuss the past 3 years in both the economy and markets, Fitch's recent AAA downgrade on U.S debt & the lingering stress in commercial real estate.”
“A major player has entered the stablecoin wars. PayPal went deeper down the crypto rabbithole this week with the launch of its Ethereum-based PYUSD. The dollar-backed stablecoin now puts PayPal in competition with the likes of Tether and Circle for quickly sending value around the world on-chain.”