Dr. Jeff on Nostr: UPDATE: ISM Manufacturing PMI: 50.9 vs 49.8 (forecast) and 49.2 (previous) ISM ...
UPDATE:
ISM Manufacturing PMI: 50.9 vs 49.8 (forecast) and 49.2 (previous)
ISM Manufacturing New Orders: 55.1 vs 52.1 (previous)
Almost no one is talking about the reemergence of the US manufacturing sector from its ~2.5 year period of contraction.
Life is about to get (much) cheaper in #Bitcoin terms over the coming quarters, I suspect. 👀
#macro
ISM Manufacturing PMI: 50.9 vs 49.8 (forecast) and 49.2 (previous)
ISM Manufacturing New Orders: 55.1 vs 52.1 (previous)
Almost no one is talking about the reemergence of the US manufacturing sector from its ~2.5 year period of contraction.
Life is about to get (much) cheaper in #Bitcoin terms over the coming quarters, I suspect. 👀
#macro
quoting note186h…5u4sFew understand that a weakening US dollar, rising global M2 monetary supply, and (finally) expanding manufacturing PMI (expected) is wildly bullish for #bitcoin price action in dollar terms.
Said another way, life is about to get significantly cheaper for those wise people who are living on a Bitcoin standard.
Onwards.
👀 🍿