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25 sats \ 0 replies \ @TomK 21 Dec 2022 \ on: The Bank Of Japan Blinks And Markets Tremble bitcoin
The Bank of Japan in this case works like the accelerator of the Fed's policy with respect to the eurodollar market. In log step both central banks are sucking out liquidity from the European banking system. This process could lead easy to a sovereign debt crisis in the eurozone.