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Lots of shit happening now. I will get into the war and why Ukraine is scheduled to capitulate soon and what that might mean for the fucking Baltics this summer in a later post.
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I love all the people preparing to bet against long bonds because “the US can’t afford to pay higher interest rates!”
Yes, correct. They can’t. That’s not how interest rates work, however.
The Fed can’t support the whole treasury market they need help from investors. If the Fed tries and buys all the debt, inflation soars even more and then they end up owning all of it. It spirals to hyper inflation. So the government is pretty fucked.
MMT clowns are dumb and taxes will necessarily be raised.
Bet on* long bonds, not against.
Chelsea Football Club confiscated. fr russian owner $4 billion (£3 billion).
many support staff that sold Chelsea merchandise and filled other roles in the organization temporarily, out of work.
Sponsors are heading for the exits as well, players are left in legal limbo regarding transfers to other teams, and collecting certain non-salary compensation.
UK the Economic Crime (Transparency and Enforcement) Act 2022 became law March 14.
This new law allows the UK government to fast-track sanctions against individuals —
It also adds a mirroring provision — if the US or EU has imposed sanctions, UK can just copy them
law requires financial reporting re ownership of UK assets by overseas entities, with criminal penalties for failure to disclose details.
And it expands use of Unexplained Wealth Orders (UWOs) essentially civil asset forfeiture. UWOs force owners to explain how they earned the money to buy it
Cannot prove innocence, the property can be confiscated.
Simon Black