The Bond Market Just Broke The Fed

"So to save the economy, the Federal Reserve might come in and cut interest rates by as much as half a percent."

"Over in the UK, for example, the yield on their 30-year government bond is the highest level since 1998."

"So, if borrowing costs stay this high for this long, home prices will either have to stall or come down."

"At best home prices will stay flat or they'll grow at 1 to 2%. And at worst, we might see deflation as rate locked owners list their homes, which could flood the market with more inventory, which puts downward pressure on home prices."

"Over the long term though, Bitcoin follows gold. And if governments are forced into endless borrowing cycles with higher deficits, which is what they're doing, Bitcoin is one of the few assets that is not tied to that government balance sheet because it's outside that system. So, the price in the long term should go up."

"Regardless if we're in a recession or not, I think there's going to be more social unrest, more geopolitical issues, more division, the wealth gap will get bigger and bigger."

"I think there is this weird future where money will make more money faster than labor ever will. Especially with everything that we know that's coming with robotics and automation, working might be a secondary thing."