For decades, China exported deflation by flooding the world with cheap manufactured goods. Now it may be exporting something else: oil stability. China spent years building a 1-billion-barrel strategic petroleum reserve while energy markets were calm. As the rest of Asia scrambles for crude, Beijing can afford to buy less. That's one reason oil hasn't exploded higher. Council on Foreign Relations fellow Brad Setser recently called China "the new central bank of oil," arguing its stockpiles may have helped spare the U.S. and Europe from a much larger energy shock. The irony is that China's biggest contribution to global oil markets right now may be the oil it isn't buying.

"The parallels with the energy shocks in the 1970s are worrying" - Apollo's Torsten Slok

Starting to think this is the scariest chart in markets right now. We're on the cusp of a 70s-style stagflation.

Airlines are flashing recession-style warning signs. Since the Iran war began: • Jet fuel prices have nearly doubled • Airlines cut ~2 million seats globally • 12,000+ flights canceled • Lufthansa, Turkish Airlines, Air China all slashing capacity Spirit collapsed. JetBlue & Frontier are warning of mounting pressure. The bigger issue: airlines can’t fully pass costs to consumers because travelers are already price sensitive. So instead, we’re seeing fewer flights, more fees, and shrinking service. Fuel shocks don’t just raise ticket prices — they force the entire industry to shrink.

Bitcoin crosses $125,000 for the first time. ETF inflows were likely huge last week. We will find out Monday.

@dfinity @icphub_CA ICP knows how to throw a side event at Consensus.

Don't forget to take profits this time, anon.

Landed in Dubai.

OK, I wrote my first Bitcoin article in ~2012 and I’ve been in this market since 2016. This is the craziest weekly candle I’ve ever seen.

Imagine holding Canadian dollars at a time like this. #Bitcoin

Trump just sent my bag to ATH. #Bitcoin

Interview with @nomadcapitalist's Javier Correra and Gearoid Cox dropping soon. Go where you're treated best. #Bitcoin2024

An excerpt of my interview with RFK Jr. at #Bitcoin2024Conference Compare RFK's understanding of Bitcoin to Trump's. There's really no comparison.

@RobertfKennedJr shares his Bitcoin journey at #Bitcoin2024Conference

The U.S. labor market is strong. The actual labor market: via @zerohedge Can't wait for the downward revisions in a few months!!

It's shaping up to be an unusual cycle. #Bitcoin

My bear market list. Who did I miss? Terra Luna, 3AC, FTX, Paxful, Bittrex, Celsius, BlockFi, Genesis, Voyager, Prime Trust, Local Bitcoins, Signature Bank, Silvergate Bank, Silicon Valley Bank, Crypto.com US Institutional, Binance (regulatory crackdown)

How down are my bags since this interview?

Guys literally only want one thing, and it's fucking disgusting

At #CollisionConf with @KristinaLCorner and Batman

Bets on a 75 bp rate hike this week are growing. #FOMC

So great to connect with the brilliant @mikemcglone11. Our interview will drop soon on @Cointelegraph

Yes. Crypto market cap peaked above $2.5 trillion. It dipped below $1.5 trillion earlier this week.

Imagine not owning #Bitcoin That's it. That's the tweet.

#BITCOIN just hit $10k.

What motivates someone to just send that?

$1 trillion wiped from global #stocks today but #bitcoin unaffected. This is what a non-correlated asset looks like. And we just hit $8,000. hacked.com/chinas-tariff-esc…

Tried to take Saturday night off but couldn't. #crypto rally is gaining steam! #Bitcoin #Cardano

Woke up to this: #bitcoin market cap swells to $120 billion.

Latest @HackedCom #cryptocurrency webinar is up, where you get to hear my Canadian accent. piped.video/hLkPtEWKo0s

But it wasn't implemented correctly!! piped.video/watch?v=zw-FF6CP…

Wise words from the great @nntaleb. That, and #deadlifts. #Bitcoin

@minervatoken fights inflation and offers merchants unique revenue stream. Looking forward to the #ICO #CryptoNews bit.ly/2fjXIxm

What I'm looking at right now. Really tight in OH and SC. #ElectionDay #ElectionNight #Futures markets are rumbling...

My take on #USElections2016 volatility in the Nov. 4 $VIX Trader Webinar: piped.video/watch?v=zide9Raz…

$VIX is up 35% since Labour Day. Read more about volatility and $SPY here: bit.ly/2e9KYoj

In #cryptography we trust. Oh, and here's your daily #Bitcoin recap: economiccalendar.com/2016/09…

#VIX #trader weekly webinar is up. Come check out my very Canadian accent: piped.video/watch?v=q-S-1cqh…

Weekly #VIX Webinar for all you volatility traders courtesy of @TradingGods_net piped.video/watch?v=DMyr4CCf…