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Liquidity, Reverse Repo, and American Exceptionalism: TBL Weekly #128

Liquidity, Reverse Repo, and American Exceptionalism: TBL Weekly #128

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Nik Bhatia
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Augustine Carrasco
Feb 08, 2025
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The Bitcoin Layer
The Bitcoin Layer
Liquidity, Reverse Repo, and American Exceptionalism: TBL Weekly #128
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Good morning Readers!

In this TBL Weekly edition, we focus on the core of our framework, TBL Liquidity, and all the economic data releases that came out this past week. A lot of extremely important narratives took shape, considering Scott Bessent’s first Quarterly Refunding Announcement, stronger-than-expected employment numbers, and a resilient economic outlook overall. We’ll also ponder the bitcoin consolidation in the context of all this strong economic data. Here are the topics of today:

  • A TBL Liquidity and US rates in-depth analysis—the center of our framework.

  • We then move on to a topic that has gained attention over the past couple of days: the demise of the RRP Facility and what it means.

  • Gold’s wild charge to $3,000 reveals something under the hood.

  • Lastly, we analyze the most important economic releases of this week, why the US economy is doing great, and how to integrate liquidity cycles with the insane pace of action in Washington.

So, without further ado, grab a coffee, and let’s dive into TBL Weekly #128.


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