Nik Bhatia from The Bitcoin Layer is my go to bond guy. With several major rumblings in fixed income markets, and increasing talk about measures of liquidity, Nik is the man I wanted on the phone.
I like that last definition of liquidity Nik spoke about, the one that emphasizes the asset side of balance sheets and their ability to unlock credit creation.
To me there’s something about the second definition—the one focused on M2 money supply—that overstates the importance of small groups of central bankers around the world. I mean yes, those small groups exist and they’re at the heart of the fiat system setting policy, but the rest of the system that radiates outward from that center actually executes that policy and is where the sausage really gets made. Measuring that larger space seems more accurate to me.
Anyhow great interview Check. Hopefully you’ll be on TBL soon now that Nik’s book is out.
James do you follow the Buffett Indicator chart? Any worries that another “everything bubble” is forming similar to the 2020 dot.com bubble? Would appreciate to hear your input
I like that last definition of liquidity Nik spoke about, the one that emphasizes the asset side of balance sheets and their ability to unlock credit creation.
To me there’s something about the second definition—the one focused on M2 money supply—that overstates the importance of small groups of central bankers around the world. I mean yes, those small groups exist and they’re at the heart of the fiat system setting policy, but the rest of the system that radiates outward from that center actually executes that policy and is where the sausage really gets made. Measuring that larger space seems more accurate to me.
Anyhow great interview Check. Hopefully you’ll be on TBL soon now that Nik’s book is out.
James do you follow the Buffett Indicator chart? Any worries that another “everything bubble” is forming similar to the 2020 dot.com bubble? Would appreciate to hear your input