Fed defending Treasuries compared to bartender denying problem, Otavio (Tavi) Costa notes

Fed defending Treasuries compared to bartender denying problem, Otavio (Tavi) Costa notes
Fed defense of Treasuries compared

Otavio (Tavi) Costa, portfolio manager at Crescat Capital, compared the Federal Reserve's defense of U.S. Treasuries to a bartender downplaying a customer's drinking problem.

Costa suggested that being reassured by those closely involved may not be as convincing, urging caution in interpreting such defenses.

Costa has previously highlighted gold’s enduring role as true money as major monetary gaps begin to close. He has also pointed out that agricultural commodities recently broke through nearly 20-year resistance levels. Costa regularly comments on shifts in traditional asset classes.

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