Barkin: Fedâs Direction Is Clear, Pace Remains the Question
Barkin says the Fedâs direction is clear and favors a gradual approach, while identifying AI investment as a source of demand-side inflation.
Doomberg argues U.S. Treasury sanctions are wildly bullish for Bitcoin and gold as neutral reserve assets, citing shifts in central bank behavior.
Doomberg: US Treasury Sanctions are âWildly Bullishâ for Bitcoin & Gold
What happens to reserve holdings when they cannot be sold? According to Doomberg, U.S. pressure on allied nations to keep their Treasury holdings changes the calculus for central banks. In a crisis, he argues, âyou sell what you can sell, not what you want to sell.â That dynamic explains goldâs recent softness since February 28, but over the longer term he views it as extremely favorable for gold and Bitcoin as neutral reserve assets. Doomberg also discusses why younger, highly online demographics are more inclined to adopt Bitcoin.
Chapters:
00:00 Doomberg on the Fed, Kevin Warsh and the Midterm Elections
01:21 Will Trump Restart the War in Iran After the Midterms?
03:11 Houthi Refinery Strikes, $110 Brent and Prices at the Pump
05:03 What a Renewed U.S.âIran Conflict Would Mean for Global Markets
09:21 Doombergâs Bull Case: Peace Deals and a Post-Midterm Boom
11:00 How a Diesel Shortage Turns Into a Glut
13:27 Europeâs Energy Crisis, French Bonds and U.S. Treasuries
16:38 Will Germany Bail Out France? The Future of the EU
19:02 Gold vs. Bitcoin as Reserve Assets
24:54 Christine Lagardeâs Early Exit and ECB Politics
Disclaimer: The views and opinions expressed in this show are those of the participants and do not necessarily reflect the official policy or position of BTC Inc., Bitcoin Magazine, or any affiliated entities. This content is provided for informational and educational purposes only and should not be construed as investment, legal, tax, or accounting advice. Nothing contained in this show constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or financial instruments. Viewers should consult their own advisors before making financial or business decisions.
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Disclaimer: this article comes from third-party media and is provided for reference only. It does not constitute investment advice. Crypto and other financial products carry significant price volatility risk, so please make your own decisions carefully.
Barkin says the Fedâs direction is clear and favors a gradual approach, while identifying AI investment as a source of demand-side inflation.
US employment costs rose 0.8% in Q3, in line with forecasts, as wages increased 0.7% and benefits 0.9%.
Eurozone Q3 GDP grew faster than expected, but the pace slowed and large economies underperform. Inflation pressures also pose a risk.
Italy's preliminary October CPI rose 5.4% y/y, beating forecasts, with energy prices driving the surge and food and transport costs also accelerating.