IPFS News Link • Bitcoin
Bitcoin Soars Above $15,000 As Markets Price In Much More QE; Gold Surges
• Zero HedgeEarlier today we said that with the collapse of "Blue Wave" hopes, and with them expectations of a massive fiscal stimulus (made even less likely now that Nancy Pelosi is facing a growing rebellion within the Democratic party), the Fed is now the only game in town...
When Powell asks for more fiscal stimulus tomorrow, who will tell him it's not coming.
— zerohedge (@zerohedge) November 4, 2020
... which naturally means even more QE (assuming the Fed refuses to cut rates to negative), before eventually the Fed launches a digital dollar sparking an inflationary conflagration.
And sure enough, this morning the realization that the end of the "reflation trade" means the start of the QE trade has sparked a massive bid across all risk assets, which has pushed the S&P 2% higher, with the Nasdaq even higher, but it's the dollar collapse trades that are really exploding.