@gurgavin Every time FDIC kills a bank and Equity lost, Investors lose confidence and run away from US Markets. So JPM and PNC coordinating short attack on $FRC to 0? @FDICgov
Exactly how dollarized is Argentina π¦π·?
Argentine savers have an estimated $200 billion USD in paper dollars, which means that the country owns 10% of total physical dollar bills and 20% of physical dollars outside of the United States πΊπΈ
The bond market is pricing almost 200 bps worth of Fed cuts over the next 18 months.
This is by far the biggest amount of cumulative Fed cuts the bond market ever priced in over the last 37 years.