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TanukiBTC ⚡2d ago
5/6 So the liquidity expansion that started late 2025? That’s what markets are starting to feel now. Now layer the oil shock on top. Central banks are in a nasty spot: • Inflation rising • Energy costs spiking • Government debt already massive
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TanukiBTC ⚡2d ago
6/6 Doing a Volcker-style rate hike would break the system. Which leaves them with the option they always end up choosing: more liquidity. If stagflation really sticks around, the market that prices liquidity fastest might keep moving first. And we know how that will end.
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