@m3_melody@JuliusMiami What proportion of that is money laundering / tax avoidance through foreign corporations or Private Equity operating through Cayman like entities โฆ..
@Jkylebass perhaps they repeg the HKD to CNY at 1:1 eliminating USD from the process. this would transform Hong Kong - not in a good way!
exchange rates are close now so easiest ever. think of what that does to USD HKD vol??
@biancoresearch on this basis LTCM was solvent. all itโs positions were money good at long horizon. to ignore market prices is silly. banks are credit spread harvesters not simple yield curve harvesters. SVB appears to have simply turned itself into a very poor Fixed income hedge fund
Social media is fundamentally an addictive business model that needs to be restructured by new rules and laws. But addiction doesn't take place in a vacuum, and there's a reason QAnon flourishes at a moment of profound alienation, suicides, and drug abuse. https://t.co/eJ5ZSDbHl5