@Currentreport1 cc: @SantiagoAuFund Dollar milkshake is a hard reality for all EMs, but I guess our ancestors cracked it before you figured it out ;) as they relied on Gold for natural hedge in capital control regimes.
@MilkshakesPod https://t.co/HwRWXsgJrt "Foreign residents increased their holdings of long-term U.S. securities in April; their net purchases were $159.4 billion. Net purchases by private foreign investors were $127.5 billion, ...."
@MishGEA Hi @MishGEA. Thanks for sharing informative content daily. One request, a decade ago you had a detailed note on history of Gold. Would you publish this again for reference. Please excuse if I got this wrong. Thanks again!
@steve_donze@macrodailyco Thanks for sharing. However, unlike 2019, rates in secured and unsecured segments hardly moved, volumes did not spike and there was no repo demand during this time. We need to admire how Fed has put in place such safety nets in short time.
@adamtaggart@SantiagoAuFund@GoldSwitzerland Why does @SantiagoAuFund think EuroDollar market is unhinged when latest Basel III rules worldwide enforce how much risks banking system can take and force exposure has to be reported and calibrated?
The most significant shift in global finance is almost complete. By moving onto a secured standard, monetary leaders have tried to destroy systemic risk. But risk has only been transferred, not eliminated. The Fed's Volatility Suppressor™ is about to be unleashed... 1/