Upcoming macro analyst: Global M2 money supply is not a measure for global liquidity!

In this conversation, Joe Consorti and Pascal Hügli explore the complex relationship between Bitcoin and global liquidity, particularly Global M2. They emphasize the need to move beyond traditional liquidity metrics, introducing a new asset-backed liquidity framework that offers deeper insights into market dynamics and lending activity — both essential for understanding Bitcoin’s value proposition. The discussion also highlights Bitcoin’s ongoing maturation as an asset and its potential role as a hedge against monetary debasement, reflecting the shifting landscape of global finance. Consorti and Hügli also dive into the nuances of liquidity measurement, with a special focus on TBL's liquidity metric. They examine the impact of quantitative tightening (QT) and the Federal Reserve’s balance sheet strategy, underlining the critical role of the U.S. dollar in shaping global markets. The conversation also covers the influence of bond market volatility on economic growth and concludes with sharp insights into the alignment between government policy and the Federal Reserve on interest rates and the future trajectory of financial liquidity. Chapters: 00:46 Intro 01:51 Bitcoin and Global M2: An Intriguing Relationship 02:55 Understanding Liquidity: Beyond Global M2 05:53 Bitcoin's Maturation and Market Dynamics 08:47 The Role of Lending Activity in Bitcoin's Value 11:52 Defining Liquidity: A Deeper Dive 14:59 The TBL Liquidity Metric Explained 18:00 Bitcoin as a Forward-Looking Indicator 25:03 Understanding KBL Liquidity Metrics 30:15 The Impact of Quantitative Tightening 34:59 Analyzing the Dollar's Influence on Global Markets 39:33 Bond Volatility and Economic Growth 44:26 Consensus and Future Predictions for Bond Markets Follow Joe Consorti: https://x.com/joeconsorti Follow me: Twitter - https://x.com/pahueg Nostr - npub1qhx7lnggpv64f0wt5xyjj7h90qh5ewu35pspr66sj8alc4gvcfjqqn04l8 Check out our sponsor Newhedge: https://newhedge.io/ Newhedge is an analytics and intelligence platform for all the Bitcoin data you need! Get 50% off your subscription by using the code "Signal"! 🔥 Thank you for subscribing to our channel! We’re excited to have you with us! Bitcoin, #GlobalM2, #liquidity, #lendingactivity, #assetbackedliquidity, #marketdynamics, #centralbanks, #financialmetrics, #cryptocurrency, #macrotrends, #KBLliquidity, #quantitativetightening, #dollarinfluence, #bondvolatility, #economicgrowth, #Bitcoin, #globalmarkets, #lendingconditions, #financialliquidity, #risk assets Support the show