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[@BlueHorse88](/creator/twitter/BlueHorse88)
"Japans Next Evolution (and why tariffs dont bite like before) In his October XX speech BoJ Policy Board member Hajime Takata said Japan is "transitioning toward an investment-oriented business model rather than the traditional export-oriented model". (Charts XX and XX show how Japans income from overseas investments now far exceeds its trade surplus.) That shift changes everything. Japan once relied on exporting cars and electronics making it vulnerable to U.S. tariff threats. But today the bulk of Japans external surplus comes from returns on its global investments: dividends interest and"  
[X Link](https://x.com/BlueHorse88/status/1980583709649653942) [@BlueHorse88](/creator/x/BlueHorse88) 2025-10-21T10:35Z 1553 followers, XXX engagements


"@great_martis hit the nail on the head. People often say Bitcoin competes with the USD or Treasuries. It doesnt. At least not yet. Treasuries sit at the heart of the global financial system because theyre not just assets but collateral. Every day trillions of dollars in repo transactions are financed against them. They can be pledged reused as collateral and instantly converted into dollars. Theyre the base layer of leverage and liquidity creation. Bitcoin by contrast exists outside that collateral network. It cant be pledged at the Feds Standing Repo Facility cant secure overnight funding"  
[X Link](https://x.com/BlueHorse88/status/1980587899868291406) [@BlueHorse88](/creator/x/BlueHorse88) 2025-10-21T10:52Z 1553 followers, XXX engagements


"This is another masterpiece from McFly and Ill break it down quick. About $2.2T has flowed out of the Feds Reverse Repo Facility (RRP) (red line). Roughly the same amount moved into SOFR repo markets (purple line). Meanwhile bank deposits (H.8 data) only rose by about $440B (green line). So $2.2T left the Feds reserve-backed system but just $440B made it into banks. The rest (nearly $1.8T) shifted outside the banking system where it cant support reserves or new loans. Thats the key difference: - Banks use reserves at the Fed to make loans and create deposits thats how money multiplies. -"  
[X Link](https://x.com/BlueHorse88/status/1979846986086887744) [@BlueHorse88](/creator/x/BlueHorse88) 2025-10-19T09:47Z 1553 followers, 84K engagements


"Every week in the shutdown is XXXX ppt decrease in the GDP growth Markets: Oh that's awesome so we have at least XX more weeks to rally before we hit recession 🤣🤣🤣🤣"  
[X Link](https://x.com/BlueHorse88/status/1973430536241865043) [@BlueHorse88](/creator/x/BlueHorse88) 2025-10-01T16:51Z 1530 followers, XXX engagements


"Another sell in high volume and buy it back at the end on low volume"  
[X Link](https://x.com/BlueHorse88/status/1976642220662075405) [@BlueHorse88](/creator/x/BlueHorse88) 2025-10-10T13:33Z 1535 followers, XXX engagements


"So when distribution is done then its just short selling on low volume and institutional buying back during market hours If you remember the Covid crash (which popped my cherry) it was all gap down and buy during market hours. Most frustrating ever. But when you understand why you can surf those waves"  
[X Link](https://x.com/BlueHorse88/status/1977714500947128774) [@BlueHorse88](/creator/x/BlueHorse88) 2025-10-13T12:34Z 1530 followers, XX engagements


"Japans Collateral Tightens A Warning Shot for Global Liquidity A series of Bank of Japan releases this month point to one clear conclusion: yen liquidity is drying up at the source and that shift carries direct consequences for global funding markets and U.S. risk assets. In September JGB settlement fails rose to XXXXX trillion up sharply from June as dealers and investors hoarded long-duration government bonds while the BoJ continued to scale back purchases. At the same time the central bank announced new repo margin and collateral rules (effective November 27) that will require more"  
[X Link](https://x.com/BlueHorse88/status/1977891918987268451) [@BlueHorse88](/creator/x/BlueHorse88) 2025-10-14T00:19Z 1535 followers, 42.9K engagements


"My Bubble Cycle Monitor aggregates bond yields inflation break evens credit spreads the dollar and EM equities into one composite sentiment score. Red bubbles show tightening financial conditions a clear sign that fixed income traders are turning bearish. 🤔"  
[X Link](https://x.com/BlueHorse88/status/1978108889531810211) [@BlueHorse88](/creator/x/BlueHorse88) 2025-10-14T14:41Z 1540 followers, XXX engagements


"Stable Fiscal Policy = Rugpull"  
[X Link](https://x.com/BlueHorse88/status/1978821964882931798) [@BlueHorse88](/creator/x/BlueHorse88) 2025-10-16T13:54Z 1541 followers, XXX engagements


"I think we are taken for a a ride again they have already distributed now they create fear intensify the drop with short selling then when everyone is bearish they start buying it back but still short selling on low volumes so that they can get the best possible price. Its like mid 2022 we already started the accumulation but still making new lows. Its a simple but effective game to increase inequity 😁"  
[X Link](https://x.com/BlueHorse88/status/1979152232680653255) [@BlueHorse88](/creator/x/BlueHorse88) 2025-10-17T11:47Z 1530 followers, XXX engagements


"@yieldsearcher What's next Dan Ives comes out and says $BRK is his top pick"  
[X Link](https://x.com/BlueHorse88/status/1979283578107367857) [@BlueHorse88](/creator/x/BlueHorse88) 2025-10-17T20:29Z 1532 followers, XXX engagements


"@pdicarlotrader Try $BX 😉"  
[X Link](https://x.com/BlueHorse88/status/1979511666032209923) [@BlueHorse88](/creator/x/BlueHorse88) 2025-10-18T11:35Z 1530 followers, XX engagements


"Weve got a problem with dirty dishes. And Japan might finally be cleaning up. Every week I end up with no plates or glasses by the end of the week even though we have XX. Why Because theyre all dirty. They served their purpose but now theyre just sitting there unusable until someone washes them. So what do we do Wash them No We order more plates. More cups. More cutlery. Eventually the kitchen is a mess and nothing gets reused. Thats how weve been treating capital. Capital gets deployed into companies projects trades. But instead of recycling it when its job is done we let it sit in zombie"  
[X Link](https://x.com/BlueHorse88/status/1979528848199806984) [@BlueHorse88](/creator/x/BlueHorse88) 2025-10-18T12:43Z 1540 followers, 2170 engagements


"Remember remember the 5th of November While the iconic collapse was 2429 October market turmoil persisted into early November. On X Nov 1929 President Hoover publicly addressed the situation framing it as a stock-market-only crisis"  
[X Link](https://x.com/BlueHorse88/status/1979853587619705263) [@BlueHorse88](/creator/x/BlueHorse88) 2025-10-19T10:14Z 1541 followers, 1926 engagements


"This is exactly what I see on the ETF markets look at the end new highs no Strategy purchase. Smart money is rotating out He feeds on SOFR That liquidity is drying up hence getting more expensive 👀"  
[X Link](https://x.com/BlueHorse88/status/1979890682417606838) [@BlueHorse88](/creator/x/BlueHorse88) 2025-10-19T12:41Z 1539 followers, 1631 engagements


"Both of you are right about how banks create loans first and adjust reserves later thats standard endogenous money. But my post wasnt about the loan-level mechanics; it was about where liquidity resides in the system. When $2T moves from the Feds RRP into SOFR repo rather than bank reserves it changes the composition of liquidity. The money still exists but its now in non-bank markets that cant create credit or support deposits. Thats the key not how a single loan is booked but how system-level liquidity distribution affects credit transmission"  
[X Link](https://x.com/BlueHorse88/status/1980002236043251727) [@BlueHorse88](/creator/x/BlueHorse88) 2025-10-19T20:04Z 1539 followers, XX engagements


"Wow BTC is really being pumped on low volume. I wonder if they try to push ATH on the futures before the markets open tomorrow"  
[X Link](https://x.com/BlueHorse88/status/1980005666480701895) [@BlueHorse88](/creator/x/BlueHorse88) 2025-10-19T20:18Z 1540 followers, XXX engagements


"@kurtsaltrichter Huge chunk of leverage (in hedge funds dealers and repo ) is built on Treasuries as collateral What happens when you replace it with reserves and make Treasuries more scarce I guess it eases on the economy. Not sure if it does any good for equities at first 🤷♂"  
[X Link](https://x.com/BlueHorse88/status/1980156127716491617) [@BlueHorse88](/creator/x/BlueHorse88) 2025-10-20T06:16Z 1530 followers, XXX engagements


"$BUZZ is definitely not a leading indicator. BTC is"  
[X Link](https://x.com/BlueHorse88/status/1978838410975457309) [@BlueHorse88](/creator/x/BlueHorse88) 2025-10-16T15:00Z 1546 followers, XXX engagements


"My Macro divergence index started flashing again. It creates a z-score composite of rising U.S. yields a weaker USD and stronger EMFX to gauge macro divergence. High values signal risk-on strength low values risk-off stress"  
[X Link](https://x.com/BlueHorse88/status/1978840401193648184) [@BlueHorse88](/creator/x/BlueHorse88) 2025-10-16T15:08Z 1543 followers, XXX engagements


"What makes you think the Fed and the BoJ wont just leave the markets to faceplant (or just let the speculative froth out) and bail only when the real economy starts feeling the pressure. the liquidity causing the asset bubble is in the non-banking system. perfect opportunity for the banking sector to recapture that shadow banking space. credit cycle is turning gold is more likely to weather that storm (or at least recover quick)"  
[X Link](https://x.com/BlueHorse88/status/1979884614157234314) [@BlueHorse88](/creator/x/BlueHorse88) 2025-10-19T12:17Z 1546 followers, XX engagements


"BoJs Tightening Enters a New Phase In a speech on October XX 2025 BoJ Policy Board Member Hajime Takata made it clear: Japans ultra-loose era is ending. He said Japan has almost achieved the price stability target and called for a gear shift in policy confirming he voted for a rate hike to XXXX% at the last meeting. That makes another move at the October XX monetary policy meeting increasingly likely. Whats alarming is how explicit Takata was about liquidity tightening. He noted that as the BoJ tapers JGB purchases the amount of bonds circulating in the market is now comparable to the early"  
[X Link](https://x.com/BlueHorse88/status/1980431685452693619) [@BlueHorse88](/creator/x/BlueHorse88) 2025-10-21T00:31Z 1553 followers, 1484 engagements


"I'm not sure about this sell off into the open. ETFs are risk on. although could be automated flows. Retail sentiment is driving it down at the moment"  
[X Link](https://x.com/BlueHorse88/status/1980632180700385482) [@BlueHorse88](/creator/x/BlueHorse88) 2025-10-21T13:48Z 1553 followers, XXX engagements


"Japans Liquidity Tide Is Turning Inward Three recent sets of Bank of Japan repo data reveal a consistent picture across Japans short-term funding system: - yen liquidity is tightening - collateral is scarcer - and foreign demand for yen funding is fading. Chart 1: The U.S. Carry Trade Fades Cash borrowing data (Table 2-1 in the original doc) shows a steady decline in yen funding demand from U.S. counterparties. This is the global carry trade unwinding in slow motion as funding costs rise U.S. institutions are borrowing less yen to deploy abroad. Chart 2: Repo Market Activity Declines Both"  
[X Link](https://x.com/BlueHorse88/status/1980824658397278618) [@BlueHorse88](/creator/x/BlueHorse88) 2025-10-22T02:32Z 1553 followers, 3162 engagements


"With Sumitas aggressive cuts to counter act the Plaza Accord and support the Japanese economy. I think the dynamics are different today. Ueada is eager to hike. I think what drives the Japanese market is the capital repatriation due to a number of reasons (including aging population)"  
[X Link](https://x.com/BlueHorse88/status/1970803347134296533) [@BlueHorse88](/creator/x/BlueHorse88) 2025-09-24T10:51Z 1553 followers, XXX engagements


"If we were in an accumulation phase it would be the opposite: low-volume dips followed by high-volume rallies. But instead were seeing consistent heavy selling on high volume and recoveries on low volume during after-hours"  
[X Link](https://x.com/BlueHorse88/status/1978784561921179909) [@BlueHorse88](/creator/x/BlueHorse88) 2025-10-16T11:26Z 1553 followers, 1991 engagements


"Japans Big Banks Are Losing Liquidity Fast The latest Bank of Japan data on Current Account Balances (attached) shows a clear tightening in the system and its most visible where it matters most: City banks. Between August and September 2025 City banks reserves at the BoJ fell from 1920 trillion to 1779 trillion a decline of roughly XX trillion (about 7%). Almost all of that came from excess reserves the free liquidity banks hold beyond required levels. Thats a big deal. These excess balances fund repo operations FX swaps and short-term liquidity across the system. When they shrink funding"  
[X Link](https://x.com/BlueHorse88/status/1978972395135271147) [@BlueHorse88](/creator/x/BlueHorse88) 2025-10-16T23:52Z 1553 followers, 298.1K engagements


"The usual chain: Crypto EM credit/FX/equities U.S. Tech & high-beta Broader markets. The stress moves in order of who needs easy money the most"  
[X Link](https://x.com/BlueHorse88/status/1979856168127488016) [@BlueHorse88](/creator/x/BlueHorse88) 2025-10-19T10:24Z 1551 followers, 1737 engagements


"The idea of $XX trillion in new U.S. investment is economically absurd. Thats two-thirds of Americas entire GDP and several times larger than total global FDI in a year. Even the U.S. capital market (the deepest on Earth) couldnt absorb that kind of liquidity without chaos. If $XX trillion suddenly poured in bond yields would collapse equities would go vertical inflation would roar and the Fed would be forced to slam the brakes. The dollar would spike to ruinous levels crushing exports and destabilizing global finance. And whos funding it U.S. savings total around $X trillion annually. Global"  
[X Link](https://x.com/BlueHorse88/status/1980017497345531909) [@BlueHorse88](/creator/x/BlueHorse88) 2025-10-19T21:05Z 1553 followers, 14.1K engagements


"@MichaelMOTTCM They are desperate to create a bull market narrative"  
[X Link](https://x.com/BlueHorse88/status/1980333148778144001) [@BlueHorse88](/creator/x/BlueHorse88) 2025-10-20T17:59Z 1553 followers, XXX engagements


"Its fascinating to see the pattern play out: - The JPY carry trade unwound between December 2024 and April 2025 triggering the market selloff. - Then as capital flowed back into the carry trade we saw the massive rally that followed. - Now by the looks of the data from August/September 2025 the unwind appears to be starting again"  
[X Link](https://x.com/BlueHorse88/status/1980827530790609363) [@BlueHorse88](/creator/x/BlueHorse88) 2025-10-22T02:44Z 1553 followers, 1084 engagements