Nate Hagen’s end of year look at 2024

Global central bank balance sheets have ballooned, the Bank of Japan is printing money and buying their own stocks and bonds etc. And so I think we’re going to see another version of the banking crisis where we’re now looking at the larger banks, reverse repo rates are going to potentially require fed intervention. And I think the larger story is, it’s the central bank, monetary narrative meets the biophysical ecological narrative. And as oil peaks and declines as climate change, requires a lot more spending and, and things to mitigate. We can’t just cut rates because the economy’s low and then there’s more inflation, I think the Fed is is and other central banks are about to have big problems.

Eric Lee

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