Bitcoin Clown World #420 - Markets Down As Jerome Powell Fed Resists Negative Interest Rates
Channel: Junson Chan Stocks Crypto Bitcoin Defi Yield Farm
Date: 13/05/2020

Crypto is holding very steady overall but negative interest rates are a real problem. Markets now have to adjust to this potentially negative fundamental. I would also note if Trump is stupid enough to support negative fed rates, he is going to lose the election for sure. But Trump is a money man like me so he should be able to figure out very fast that it's a very stupid idea.

Reopenings continue to improve but the long term effects of the economy are going to cause more panic and hopefully the Fed can resist that until we're in the clear.

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