On November 27th, a significant piece of news came in - the eSLR (Enhanced Supplementary Leverage Ratio) of the American banking industry has officially been loosened.

What does this mean? Simply put, banks can now free up their resources to purchase government bonds on a large scale. Although the Federal Reserve itself cannot directly inject liquidity, this move effectively gives the banking sector a green light.

Wall Street's predictions are crazy: Morgan Stanley is calling for a $6 trillion liquidity release, while Goldman Sachs is a bit more conservative, saying $5 trillion. Of course, in practice, banks still have to use money to buy back stocks and pay dividends. A conservative estimate suggests that the market could see an increase of $2 to $3 trillion in real cash.

More importantly, the Federal Reserve is likely to expand its balance sheet by purchasing government bonds in February next year - buying between 25 billion and 45 billion each month, resulting in an increase of over 300 billion to 540 billion for the entire year.

The total of the two accounts is likely to result in a liquidity injection of between 2 to 4 trillion next year.

The timetable is also very clear: the new regulations will start trial implementation on January 1 next year and will be fully implemented on April 1.

So this is just the prelude, the real carnival may have to wait until next year. The US Treasury, US stocks, and the crypto market are all gearing up.