Great Insight! Have also wandered whether measing the value of equities against the currency purchased them in was the correct metric - especially given that over time debt will be inflated away or currency will change value.
The Fannie May and Freddie Mac comments were brilliant. Absolutely brilliant! They will be what drives things from hyper debt bubble, to everyone all-in, then bust in 2028-2030
How can he be all over the macro / us currency debasement / us debt / liquidity / secular trends / weaken usd / end of petrodollar / inflation / deflation theme and not be wildly bullish on bitcoin?
I could listen to you guys forever about this macro topic and trying to work out how the wheel turns... Great show and Juddy is alright too ! The great man knows his stuff !
