Hello and welcome to Broconomics.

Now, in this episode, I wanted to do a bit of a market update.

I haven't done one of those for a while, but things have been weird.

So it is worth covering what's going on.

Now, everything that I sort of spelled out in the previous Broconomics, I still stand by that.

I still think the liquidity is ultimately the driver of everything, and I still think that's coming because, well, there's

there's eight trillion of debt that needs to get rolled over, and, you know, how else are they going to do it?

I mean, are they going to suddenly discover prudent government spending and, you know, austerity and debt reduction going into the

US midterms? I would consider that somewhat unlikely. But nevertheless, the market patterns have

been just outright weird and is worth covering. So, I mean,

markets are just behaving in a way that just does confuse everybody. You know,

crypto hasn't rallied in the same way that other assets have. Bitcoin is below the,

what it was, $121,000 late to 2025 high. And it's bouncing around instead of setting new

records. But at the same time, precious metals like silver and gold have been extremely

volatile with these sharp surges upwards, followed by these quite deep pullbacks. Actually, I'm glad I timed

that right on the silver brokeromics I did recently. I think it was at 121 on the day that I recorded

that and I said, look, I do believe in the underlying message, but there is going to be a hell

of a lot of volatility here and expect to pull back.

And about three days after I filmed that, it did.

I think it pulled back down to whatever the sort of the interim load that it hit, like in the high 70s.

So, you know, stuff is odd because certain assets are responding to this picture very differently to how

other assets are and you might well want to know what's going on, as would I, to be honest.

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