4 Comments

I've recently learned a lesson in NFL bubbles: being in the 'NorCal' area, after the SNF 49er beat down of 'deem BOYS', the niners going undefeated this season was all the rage....at which point I was getting that nagging feeling on the back of the neck....

And all this poppycock talk of Goldilocks, perfectly priced markets & rates of late, I'm getting that back of the neck feeling again....

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That verbose Bloomberg write up regarding Market Liquidity seems too convoluted and complicated. I, w/a BIG h/t to Credit Bubble Bulletin, would like to offer a more elegant, simpler, rational equation:

BTFP (circa March 2023) =Market Liquidity (aka HELIUM)

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Waller comments=Freudian Slip Up

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