Mike McGlone|4月 05, 2025 17:23
Big Papa Is Cutting Off the Dependents
- Why was #silver down 13% last week? The #gold bull backed down from a record high.
-#Ethereum is down 50% in 2025 because #Bitcoin has dropped 12%. Bitcoin has millions of dependents, most of which are silly expensive akin to 1929, 1999.
- Why is the US #stockmarket going down? It went up too much (highest vs. GDP in a century) and has a worthy catalyst for an enduring drawdown.
Murica is the biggest papa of them all and is cutting off dependents.
Full report on Bloomberg here: https://blinks.bloomberg.com/news/stories/spvdsedwlu68 {BI COMD}
#commodities #macroeconomics @BBGIntelligence
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