The Business & Technology Network
Helping Business Interpret and Use Technology
S M T W T F S
1
 
2
 
3
 
4
 
5
 
6
 
7
 
8
 
9
 
10
 
11
 
12
 
13
 
14
 
15
 
16
 
17
 
18
 
19
 
20
 
21
 
22
 
23
 
24
 
25
 
26
 
27
 
28
 
29
 
30
 
31
 
 
 
 
 

Here Are the Three Most Important Charts for Crypto and Macro Right Now: Ex-Goldman Sachs Executive Raoul Pal

DATE POSTED:November 7, 2024

Former Goldman Sachs executive Raoul Pal is outlining what he says are currently the three most important charts for crypto and macro.

The first chart Pal shares with his 1 million followers on the social media platform X is a graph plotting US labor force participation rate and the US birth rate per 1,000 people using a 14-year lead.

Explains the Real Vision chief executive,

“These are the three most important charts in Global Macro, along with crypto…

Demographics are destiny. GDP (gross domestic product) slows over time as size of labor force shrinks.”

ImageSource: Raoul Pal/X

Pal’s second chart plots the US labor force participation rate against US government debt as a percentage of GDP.

“Government Debt to GDP ratio is just a function of the working population. It offsets the weak growth and pays for the compunding interests on the debts. This is THE most important chart in macro.”

ImageSource: Raoul Pal/X

His third chart plots federal net liquidity against US government debt as a percentage of GDP.

“That debt is serviced via debasement via liquidity increases over time. 

So to sum up The Everything Code:

– Older population = lower trend GDP growth
– Lower GDP growth requires increasing debts to maintain growth and service old population.
– Governments/Central Banks print money to service the debts.
– It’s a four-year cycle

= Number go up.”

ImageSource: Raoul Pal/X

Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Follow us on X, Facebook and Telegram

Surf The Daily Hodl Mix


  Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney

The post Here Are the Three Most Important Charts for Crypto and Macro Right Now: Ex-Goldman Sachs Executive Raoul Pal appeared first on The Daily Hodl.