BTFP Stealth QE

And institutions taking over BTC

It has been a long time since I wrote an article. I apologize and will try to make it up today.

Review From Past Articles:

I am still bullish on BTC which is now trading about 15% higher, but we did not see equities sell on Debt Default or TGA drainage/refill. BTFP and Liquidity Swap Lines from March Banking Crisis have saved the markets.

BTFP: Bank Term Funding Program:

Unrealized Losses from Treasury holdings on Bank balance sheets have been able to receive loans with BTFP/Fed at 100% par value. In my opinion, they nationalized the banking industry and will pick the winners and losers. If you match the borrowing on this program to the S&P500, it is a near perfect correlation.

At some point the shit will hit the fan, Powell will cut rates and print again. It usually is four year cycles where the Fed balance sheet doubles. That means 2024 crisis of some kind.

Stock Pickers Market:

Great money can be made as the indexes grind up into 2024. I am finding individual names to go long on, exc…