“We live in a world where the price of every key asset in the world is in U.S. dollars,” notes Darius Dale at the top of a recent tweet-thread explaining specifically what’s happening with crippled crypto exchange FTX and generally what happens during liquidity crunches. Meanwhile, Chinese economic data continue to deteriorate, despite low interest rates and high savings rates. Real Vision Global Markets Editor Weston Nakamura welcomes Darius, the founder and CEO of 42 Macro, to talk about the contagion potential of the FTX debacle, China’s liquidity trap, the global macro environment, and actionable signals on today’s Daily Briefing. We also share a clip from Jim Bianco’s appearance on today’s Real Vision Crypto Daily Briefing about the still-developing FTX story, with an emphasis on trust and centralization versus decentralization. Check out today’s Crypto Daily Briefing here: https://rvtv.io/3thr8yt.
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