US wholesale inventories rose 0.5% in August, missing 0.7% forecast
US wholesale inventories rose less than expected in August, while wholesale sales surged.
Strike CEO Jack Mallers says US debt-to-GDP over 120% points to inflation, cites Japan's example, and sees Bitcoin as the best hedge.
Bitcoin Magazine
Strike CEO Jack Mallers: Inflation Outlook, Bond Stress and BTC vs Gold
With the US debt-to-GDP ratio now above 120%, Jack Mallers believes the Fed's rate decisions are not the core issue—either path leads to more inflation. The Strike founder and CEO spoke with Bitcoin Magazine about why he advised investors to look at Japan, where yield curve control and central planning have become necessary to keep the currency stable. He contends the US is on a similar trajectory and that Bitcoin, being most responsive to fiat liquidity, offers the fastest gains in such conditions. Mallers also discussed Strike's move into Bitcoin-backed lending and its vision of a full Bitcoin financial ecosystem.
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US wholesale inventories rose less than expected in August, while wholesale sales surged.
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