There's this lazy narrative going around that the Treasury rally is all about safe haven flows. It's not. That's surface-level thinking.
What's actually happening? Inflation and growth expectations are shifting. The market's repricing what comes next, not running scared into bonds because they're "safe."
Also had a laugh thinking about alchemy boosting gold supply. Spoiler: it won't. Not anytime soon. Maybe never. Gold's scarcity isn't getting solved by magic or mad science in 2025.
Same logic applies to crypto supply dynamics, by the way. When people understand *why* something is scarce, they stop waiting for miracles to flood the market.
What's actually happening? Inflation and growth expectations are shifting. The market's repricing what comes next, not running scared into bonds because they're "safe."
Also had a laugh thinking about alchemy boosting gold supply. Spoiler: it won't. Not anytime soon. Maybe never. Gold's scarcity isn't getting solved by magic or mad science in 2025.
Same logic applies to crypto supply dynamics, by the way. When people understand *why* something is scarce, they stop waiting for miracles to flood the market.