Menu
Sister Sites

  • Three Things I Think I Think – When Things Break

    From pragcap.com

    Here are some things I think I am thinking about: 1) Will interest rate risk transform to credit risk? One of the things I’ve been hammering on lately is that I think that Fed made a policy mistake by not being more proactive and then overreacting and raising rates very rapidly by essentially pricing in 12 rate hikes in a matter of months. I think all this stuff going on in financial markets is disinflationary at best and deflationary at worst. We’ve lost $35 TRILLION of total market value in the last 3 months. That’s 14% of all global wealth. In 2008 financial wealth fell 19%. The crazy thing is that a lot of ... (full story)

Great post.

"We’ve lost $35 TRILLION of total market value in the last 3 months. That’s 14% of all global wealth. In 2008 financial wealth fell 19%."

"This wasn’t a small coin. It was a $40B coin just a month ago. And it didn’t just “break the buck” like the famous Reserve Fund in 2008, which was a $60B fund that fell 3%."

"Bitcoin they (CoinBase) custody could be considered firm assets in case of bankruptcy. In other words, customers would be considered unsecured creditors and their crypto assets would not be considered theirs, but part of the firm’s assets."
  •  Guest
  • | IP XX.XXX.157.152
Join FF
  • Story Stats
  • Posted: May 12, 2022 9:11am
  • Submitted by:
     Newsstand
    Category: Fundamental Analysis
    Comments: 1  /  Views: 645
  • Related Stories