@FinanceLancelot@SailingAssets They have been in trouble since 2022. In October,they announced they would stop QT and ease. These are the usual tax season problems.They are in trouble because yields are rising again;they already had unrealized losses and I can imagine how quickly those losses are increasing
You are 100% safer in the UAE, in Abu Dhabi or Dubai, even with missiles intercepted overhead, than walking through parts of London or Paris after 9pm. Why? Because here, authority is trusted, the law is enforced, and your safety is protected. Donโt buy fake news. The UAE is strong, secure, and fully capable of tackling every threat. Life continues as usual, calm, confident, and in control.
Translation: We tried to sanction and tariff China but realized the US economy is completed screwed without China so we TACOed out on everything we did last year and now realize the only option for the US is to work with China in the future
Precious metals. I have no idea where prices are going. This is obviously one of the biggest market moves of my career -- one I caught in part, but did NOT NOT nail for what it was worth.
For what it is worth let me share something my biggest CBOT mentor, Dan Markey of Cargill, told me -- more than once.
At some point in a monster move he would say,
"This move is obscene.
The markets do not allow obscenity forever."
Take this anyway you want. Or not.
SCOTT BESSENT: Markets are going down because Japan's bond market just suffered a six-standard-deviation move in ten-year bonds over the past two days.
This has nothing to do with Greenland; it's all about the Japanese bond blowout.
@SecScottBessent
Banks canโt be in trouble.
They own the government and the Fed.
When in trouble they get bailed out, rolled up or bailed in at worst.
Banks never pay the bill.
You do.