Hedge Fund Manager: The US Issues $1 Trillion In Debt Every 100 Days... Just Imagine The Deficit Spending In A Deep Recession

By Eric Peters, CIO of One River Asset Management

Crypto prices exploded higher, sucking the oxygen out of other markets, few of which moved all that much. There was no announcement from a CEO that propelled bitcoin upward, because of course, it has no management team, or any other form of traditional corporate governance. It is managed by immutable math. There were no central bankers or treasury secretaries who meddled.