Tomáš Hančar on Nostr: Do yourself a favour and drop the view that "meh, Central banks set interest rates". ...

Do yourself a favour and drop the view that "meh, Central banks set interest rates". They don't and no, they don't "do money", either. Case in point: 2y yield vs. the "set" interest rates (feel free to overlay that shit in TV or your other fav charting pattern). Why the fuck is it that past ~40 years the market has been LEADING the central bank, huh? Ever gave that a thought?

It's all a farce. A Kabuki fucking theater. And it will only work for so long. #Bitcoin, #Gold, #HardAssets

P.S.: Interest rates "differential" has nothing to do with why EUR is falling apart. None. Zero. Nada.

You're welcome. Cheers.