🚨 This is How Global Collateral Markets are Starting to Freeze Right Now.🚨 t.co/KslI7M4UA3 pic.twitter.com/5ZnpfCvhuJ
— Jeffrey P. Snider (@JeffSnider_AIP) October 12, 2023
Huge divergence. Looking like a US Treasury or bond bear market similar to 1940s or 1970s like @LynAldenContact @LukeGromen & Tavi have been predicting for awhile. 10 year US Treasury is the main global collateral for many foreign banks & #EuroDollar @amlivemon @SamanthaLaDuc t.co/4EvVmdEZnY
— Jason Burack (@JasonEBurack) October 9, 2023
Summary: The Derivatives Bubble and Its Implications
Derivatives Market
* Estimated Value: Over one quadrillion dollars
* Comparison: Global GDP is $105 trillion
Risk: Not enough collateral for all derivative claims
Key Players
* Initial Counterparties: Banks (JP Morgan Chase,…— oilman (@oilman29578127) October 4, 2023