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Asian shares mixed after Wall Street slips lower and bitcoin bounces higher


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Traders rather nervous inflation's sticking around, ticking up, due to building Red Sea supply chain issues, growing Govt. deficit spending, tight housing market with too few new units, shortage of workers, growing money supply, rising energy prices, rising Corp Greedflation Profits etc.

Above why US Treasury Market now pricing about ONE rate cut by Mar 2025, as 1year Treasuries, now yielding 5.04%, FRB can't easily cut with above and economy running at over potential long term growth, 3.2% in 4Q.

Atlanta GDP tracker for 1Q robust, no slowdown, thus US inflation's building, keeping Yen under pressure.

-4 ( +0 / -4 )

Strong US growth keeps prices elevated, inflation sticky, especially in housing, key reason so many young and not so young renters so MAD at Biden Admin. High rates crushing those with debt, buying home not possible.

Bitcoin naturally benefits, VERY good inflation hedge!

-3 ( +1 / -4 )

US PCE came in HOT as expected, see ABOVE, Biden's not having a good day, markets not liking it!

-2 ( +0 / -2 )

Biden's not having a good day, markets not liking

on I think the best markets in history and 30% than the last guy, hes not too worried.

2 ( +2 / -0 )

I am rich!!! Thanks to Bitcoin!!!

0 ( +0 / -0 )

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