Tuesday, Feb 28, 2023

ETH volatility, stablecoin reputation, war signalling, Fed pacing...

“Culture eats strategy for breakfast.” – Peter Drucker ||

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MARKETS

War tactics

Janet Yellen’s visit yesterday to Ukraine is more signalling than practical help, but the signalling here is a key part of how the rest of the war might play out. Following so soon after Biden’s visit, it sends a strong message of US support – these are not low-level officials there for a photo-op, these are arguably two of the most powerful people in the world travelling into a war zone that the US has no control over.