Czech National Bank Governor Aleš Michl has endorsed Bitcoin as part of reserve strategy, during his Bitcoin 2026 keynote in Las Vegas. He proposed allocating around one percent of reserves to Bitcoin exposure.
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Bull Case
China's central bank guides banks to boost lending in April - sources Chinese year-on-year growth rate for outstanding loans dropped to 5.7% in Q1 2026. In February 2026, new increased household long-term loans in China (primarily mortgages) hit a record…
Analysts scrap China rate cut calls following Politburo meeting that omitted references to rate and RRR tools, alongside rising inflation pressures linked to higher oil prices and ample interbank liquidity.
Economists at Goldman and Nomura have dropped forecasts for China monetary easing this year. Nomura pushed expected rate and reserve requirement ratio (RRR) cuts to 2027, from prior calls for a 50 bps RRR cut in Q2 and a 10 bps rate cut in Q4. Goldman also removed its forecast for a 50 bps RRR cut in 2026, while Bank of America withdrew expectations for two rate cuts totaling 20 bps in 2026. Economists cited reduced urgency for stimulus, with Barclays saying rate cuts are unlikely unless growth falls below 4.5%.
China's only urgency is Yuan stability to prevent a massive capital flight. If the Yuan weakens too much, it would trigger capital flight. The Yuan has been getting stronger since Liberation Day, a massive bull trap before it collapses in 2027 when Xi moves on Taiwan.
Economists at Goldman and Nomura have dropped forecasts for China monetary easing this year. Nomura pushed expected rate and reserve requirement ratio (RRR) cuts to 2027, from prior calls for a 50 bps RRR cut in Q2 and a 10 bps rate cut in Q4. Goldman also removed its forecast for a 50 bps RRR cut in 2026, while Bank of America withdrew expectations for two rate cuts totaling 20 bps in 2026. Economists cited reduced urgency for stimulus, with Barclays saying rate cuts are unlikely unless growth falls below 4.5%.
China's only urgency is Yuan stability to prevent a massive capital flight. If the Yuan weakens too much, it would trigger capital flight. The Yuan has been getting stronger since Liberation Day, a massive bull trap before it collapses in 2027 when Xi moves on Taiwan.
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Bull Case
China home prices fall to lowest levels in at least 20 years, extending property slump that has erased decades of household wealth Xi will attack Taiwan to divert attention from the immediate problem
China central bank:
*Outstanding individual mortgage loans -3.1% y/y
*Outstanding property development loans -5.1% y/y
*Outstanding property loans -3.4% y/y
*Outstanding individual mortgage loans -3.1% y/y
*Outstanding property development loans -5.1% y/y
*Outstanding property loans -3.4% y/y
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Bull Case
UAE Energy Minister: The decision will enable us to work with our partners and investors to ensure we are meeting the future requirements of the world relating to crude products, petrochemicals, and others, as well as gas. Multipolar world order innit
Trump met top energy executives at the White House to discuss the energy impact of the Iran war and broader market conditions. Attendees included Chevron CEO Mike Wirth, alongside officials such as Chief of Staff Susie Wiles, Treasury Secretary Scott Bessent, and envoys Steve Witkoff and Jared Kushner.
Bull Case
White House: Trump will be satisfied once Warsh confirmed (30 min ago)
Senator Warren: a vote to advance Warsh is a vote to help Donald trump take over the Fed; We should not be advancing Warsh today
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Bull Case
Trump met top energy executives at the White House to discuss the energy impact of the Iran war and broader market conditions. Attendees included Chevron CEO Mike Wirth, alongside officials such as Chief of Staff Susie Wiles, Treasury Secretary Scott Bessent…
Trump and oil companies discussed steps to continue Iran blockade for months if needed - White House official
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Bull Case
🚨UPCOMING FED CHAIR KEVIN WARSH: WE'RE IN THE EARLY INNINGS OF A STRUCTURAL DECLINE IN PRICES In 2026 Warsh will send everything fugazi with his AI-led productivity boom thesis. [BTFD before everything rips!]
Senate votes on Fed Chair nominee Warsh; Nomination has enough committee votes to advance.
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Hegseth declines to say how many more months he expects Iran war to continue - NYT
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US to Withdraw USS Gerald R. Ford from Middle East, reducing carrier presence
The US will send the USS Gerald R. Ford home after a record deployment of about 10 months, easing strain on roughly 4,500 sailors but reducing military firepower in the Middle East as tensions with Iran persist. The carrier, one of three in the region alongside the USS Abraham Lincoln and USS George H.W. Bush, is expected to return to Virginia around mid-May for repairs after extended operations and mechanical issues.
The US will send the USS Gerald R. Ford home after a record deployment of about 10 months, easing strain on roughly 4,500 sailors but reducing military firepower in the Middle East as tensions with Iran persist. The carrier, one of three in the region alongside the USS Abraham Lincoln and USS George H.W. Bush, is expected to return to Virginia around mid-May for repairs after extended operations and mechanical issues.
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Bull Case
Today is FOMC day. 2:00 PM ET Rate decision 2:30 PM ET Powell speaks This will probably be Powell's last presser
Trump would gain Fed board Majority if Powell leaves Powell is currently the only governor appointed by presidents of both parties, having been named by Barack Obama, elevated by Trump, and reappointed by Joe Biden. Trump also appointed current governors Michelle Bowman and Christopher Waller, and is set to fill another seat with Kevin Warsh.
Bull Case
FOMC statement: The implications of Middle East developments for the US economy are uncertain.
Trump: It's a good time to lower rates.
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Bull Case
Trump would gain Fed board Majority if Powell leaves Powell is currently the only governor appointed by presidents of both parties, having been named by Barack Obama, elevated by Trump, and reappointed by Joe Biden. Trump also appointed current governors Michelle…
Fed's Powell: I will leave when I think it's appropriate to do so
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Bull Case
Fed's Powell: I will leave when I think it's appropriate to do so
Powell to remain Fed Governor after Chair term ends, backs Warsh transition.
Fed Chair Jerome Powell said he will continue serving as a governor after his chair term ends May 15, with his board seat running through 2028. He indicated he would keep a low profile, noting there is only one chair and that Kevin Warsh will assume the role upon confirmation. Powell said a Justice Department decision to drop a probe into Fed renovation costs cleared the way for Warsh's confirmation. Powell added, "My concern is legal attacks on the Fed, which threaten our ability to conduct monetary policy without considering political factors."
Fed Chair Jerome Powell said he will continue serving as a governor after his chair term ends May 15, with his board seat running through 2028. He indicated he would keep a low profile, noting there is only one chair and that Kevin Warsh will assume the role upon confirmation. Powell said a Justice Department decision to drop a probe into Fed renovation costs cleared the way for Warsh's confirmation. Powell added, "My concern is legal attacks on the Fed, which threaten our ability to conduct monetary policy without considering political factors."
Bull Case
FOMC statement: The implications of Middle East developments for the US economy are uncertain.
Powell: prospects of core inflation rise are real; policy in a good place to wait and see
Bull Case
Powell: prospects of core inflation rise are real; policy in a good place to wait and see
Powell: no one calling for a hike now
Meta launches stablecoin payments for content creators via Stripe, using USDCfrom Circle on the Solana and Polygon - The Information
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Bull Case
Bessent: we're sprinting for the finish line with Iran
Bessent: the UAE and several others have requested swap lines
Bull Case
Powell to remain Fed Governor after Chair term ends, backs Warsh transition. Fed Chair Jerome Powell said he will continue serving as a governor after his chair term ends May 15, with his board seat running through 2028. He indicated he would keep a low profile…
Bessent: it would be highly unusual for Powell to stay on the Fed board
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