Postcards: Two Ears and a Heart (Things I Think I Think)

It's a good day for crab soup.

Dear Fellow Expat:

We’re red. But we’ve been Red, Green, Red, Green, Red… for like a month.

The challenge right now… liquidity ain’t pretty, but we can largely blame China.

Bitcoin has been our clue to the state of the financial markets. It’s been under a lot of pressure in the last four weeks, and just hit $54,000 the other day. I can see a push down to around $48,000, which would be oversold.

I’d back up the truck there for a squeeze back to the $55,000 level.

There’s a causal relationship between the global liquidity cycle and Bitcoin. It’s a hedge against monetary inflation. And the inflation rate - for now - appears to not be as hellish as it was a year ago. That said, Jerome Powell openly admitted that inflation likely won’t hit 2% next year. What does that mean?

Higher for longer… even if that means one cut and then NOTHING for a year.

I continue to focus on the energy midstream and alternative income via Business Development Corporations. But I know I’m playing with fire on the l…