Yellen Or Talkin’

January 24, 2024

This enticed money market funds (MMF) to pull money out of the Fed’s Reverse Repo Program (RRP) and invest in higher-yielding T-bills. The financial markets’ buoyancy gives Yellen and Powell a false sense of confidence that the market won’t bankrupt a few non-TBTF banks once the BTFP isn’t renewed. I will now step through some charts to quickly bring readers up to speed on why I believe the Fed needs a mini-financial crisis in order to stop Talkin’ and start Yellen. Bitcoin is telling us to look for Yellen and not Talkin’. I believe the BTFP will not be renewed because neither Yellen nor Powell has mentioned it once.

The source of this news is from BitMEX