Tron

https://www.reuters.com/markets/currencies/stronger-yen-could-jolt-global-markets-2023-04-27/

The bond market sees a train wreck coming. The stock market is two kids playing on the tracks.

Being happy about the fact that inflation is now "down" to 5% is kind of like being happy you only gained 5 lbs this month, after packing on 100lbs over the last year.

If you had bought bitcoin when I posted this last July, you'd be up nearly 50% in 9 months. If you had started buying weekly at that point, up even more. Wouldn't be surprised at all if we see a pullback here. CPI print today and lots of internals setting up for risk of a market correction, which usually drags all risk assets down. Banking crisis is far from over. Potential war with China (and current proxy war with Russia) along with multiple other tail risks out there make for a difficult market environment. Gotta be hedged and nimble if trading it.

https://www.marketwatch.com/story/most-u-s-banks-are-technically-near-insolvency-and-hundreds-are-already-fully-insolvent-roubini-says-18b89f92?redirect=amp

Some light reading for those interested in how China could possibly cause a financial Pearl Harbor here in America. http://www.deepthroatipo.com/how-to-wreck-a-big-old-gsib-bank/

This is a pretty good summary of how things will likely play out.

Europe- "We'll grow our way out of this"............not The whole world is going down in flames thanks to decades of government largesse.

Japan gov finances if it was a household: $31k in annual income $100k in annual expenditures $700k in outstanding debt With rising rates, its 2023 debt servicing cost is expected to become 35% of annual tax revenues.

Next domino to fall IMO - Deutsche Bank

The Fed raised rates by 0.25%, taking them to 5%. You would have expected the 2y US Treasury to sell off, but it remained firm (yield 3.90%). We've never seen such a divergence (110bps) The Fed has lost control. Markets and the banking sector will now dictate how this all plays out. Buckle up.

Yep...exactly what I said a week ago is happening now.

Friendly reminder that gold's 1980 high, adjusted for inflation, is $3600 an ounce. We are likely heading into an inflationary depression....and eventually war.

Signature Bank was killed off purely because the regulators don't like crypto. There was no solvency issue. Again, this current shitstorm was partially instigated by Liz Warren's comments. That's a fact. Click link below for complete thread. 2 of the 3 largest bank failures in America's history...and POTUS comes out to talk for 5 minutes...turns and walks away without taking any questions...that's also a fact.

Thanks for making my point. If we’re going to devolve into name calling, here’s mine…you are clearly a leftist simpleton who has no idea how the inner machinations of finance work, and believe the Democrat gods you pray to can do no wrong. (lol) For the record, I believe all politicians on both sides are, for the most part, sociopathic scumbags.

I’ve got plenty of that too boss…plus lots of the other two precious metals…brass and lead.

I guarantee you the current POTUS has no fucking clue what is happening. He doesn’t even know which way to walk off stage after he finishes reading what the underlings wrote for his teleprompter appearances. The writers for South Park know more about how shit operates in our economy than Biden does. Can’t take you seriously anymore Basil. You clearly prioritize politics over facts. FullSizeRender.MOV

Someday, bond traders will be telling their grandchildren about this price action. 10 yr Treasury yield is down over 100bps in last 3 trading days. Last time this happened was Oct 1987 crash.

Next up…they will ban the short selling of bank stocks…mark my words it’s coming.