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0 sats \ 1 reply \ @orthwyrm 4 Dec 2023 \ on: Every rally also needs its liquidity - CBs are pumping meta
ELI5?
The graphs show open market activities of the relevant central banks. Open market means they are buying or selling assets like bonds. Here we see how they are buying recently and therefore increasing ''liquidity'' like reserves or other cash aquivalents. De facto they are monetizing new public debt by buyin it from the primary dealer banks. By doing this asset prices rise - accumulates balance sheets grow - new credit will be offered.
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