Zoltan Pozsar Video: "QE will have to get restarted"
"Any politician who consents to negotiate, consents."
Pozsar Speaks
Authored by Goldfix, ZH Edit
Saturday Zoltan Pozsar took the stage at the Bitcoin 2023 event. Some of his comments were subtle but conveyed significant evolution in Fed policy trends.
Video Run Time: 27 minutes
New and not insignificant commentary pertaining to Banks, YCC, RRP's "purpose", and Bitcoin are brought up. Some of Pozsar's more recent interview themes are also elaborated on pertaining to: Reshoring, Powell’s inflation problem, and the 4 definitions of money. Loosely listed below are the main topics discussed (hyperlinks go to very recent Pozsar posts on those topics)
Bank Failures/ Risk Mgt shortcomings
Bank solutions playbook: BTFP,
Big Bank Risk
RRP as rainy day fund
Dissimilarities between Powell and Volcker circumstantially: Volcker was lucky
How Commodity supply/demand is different than the 1970s
Political landscape differences
The Return of QE in YCC form: He notes the needle has definitely moved here
Dedollarization: difficulties and inevitability
Bitcoin as private money in search of a state.
Pozsar elaborates concisely and meaningfully on a couple policy directions. We will get to the bottom of all of it (good and bad) for Premium readers tomorrow. Until then, Enjoy
