When you are a Boomer Central Banker, everything looks like the ghost of the 1970's...heuristic bias will give unexpected outcomes (deflation) when total debt to GDP is this
Meanwhile, memes rule the world and the Central Bankers in their late 60's worship this meme: Wrong person for these times.
But the politicians (in their 70's mainly) are focussed on this meme...The Pension Crisis, where the system is forced to bail out past unkept promises. Voters will win in the end and household bail outs will come.
Everyone else can just worship #REKTGUY as rents are unaffordable, property remains unaffordable, real wages cant rise and central bankers are busy destroying wealth to get on the front of a book.
And the robots are coming for your jobs...
Everyone has to figure out in this broken system how they are going to make it. WAGMI? Depends what you own. I like the own the thing that destroys the old system. You can fight technology or invest in it but it ain't going away...
You can fight QE but it ain't going away (the debt is too damned high and Boomers are too damned old).
The J-Po might want to be Volker but the politicians will win (its the voters, stupid!) and the cowbell will return and when it does...
You need to own the stuff that goes up the most.
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We are very close to being in the Last Chance to Add Zone in crypto. The next step should be the memes breaking out and after that there is nothing to do but wait to take lifestyle chips off the table.
These are the three most important charts in Global Macro, along with Crypto - from this months Global Macro Investor publication:
1. Demographics are destiny. GDP slows over time as size of labour force shrinks.
2. Government Debt to GDP ratio is just a function of the working population. It offsets the weak growth and pays for the compunding interests on the debts. This is THE most important chart in macro.
3. That debt is serviced via debasement via liquidity increases over time.
$SUI is actiing like it is going to be one of the key Chosen Ones of the major new chains, if not THE Chosen One...
The chart has broken out of the inverse head and shoulders, which is an important first step. 1/
But more importantly, it has broen the downtrend vs $SOL (and all the top 20 tokens). Its relative strength in a sideways market is worth paying attention to.
But SUI is still in its early innings and the proof will have to be in successful appplications that scale built on top of the tech stack.
TVL is a small part of this and the Circle announcement is another good step. Gaming is a potential big breakout but still too early...
Sui $SUI is the groundbreaking ultra-fast L1, super efficient, full blockchain ecosystem that came out of Meta's Diem project.
The idea is that it is built for the scale of 4 billion people... i.e turning Web2 > Web3 1/
I have been looking for signs of the next big L1 mover by looking at the relative charts of many compared to each other and have mentioned this methodology on many podcasts....
$SUI is starting to look very interesting from a price perspective, although still early and unconfirmed, it is showing signs of breaking out against most tokens.