RE: HBD In Savings Reaches 7M HBD While The Overall HBD Supply Drops And Liquid HBD Supply Shrinks
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If people were just holding HBD in savings and collecting interest, we would have seen it rise from 5 million to 5.43 million between January and May. Instead we saw it rise from 5 million to 7 million. That implies that people are intentionally buying or earning HBD to put it away in savings.
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Interesting. We'll hit the haircut sooner or later, that will be a bullish event.