Let’s review our current situation.
A remarkable headline:
THE US TREASURY HAS ASKED MAJOR BANKS WHETHER IT SHOULD BUY BACK SOME US GOVERNMENT BONDS IN ORDER TO IMPROVE MARKET LIQUIDITY.
The US 10yr is greater than 4%. US 30yr mortgages in excess of 7%. Housing is currently in decline.
Another startling headline:
UKRAINIAN FINANCE MINISTER MARCHENKO ELECTED TO CHAIR THE BOARDS OF GOVERNORS OF WORLD BANK AND INTERNATIONAL MONETARY FUND IN 2023
The poorest and worst economy in “Europe” (more like tartar-land) is going to make recommendations for the World Bank. I’ve got one: more billions to Ukraine.
How’s the war going? IT IS GOING TERRIBLE. Why do I say that? Because with NATO weapons, Ukraine is now arrogant. We are getting absurd statements out of Zelensky’s top advisors now.
ZELENSKY ADVISOR: “WE REJECT TALKS WITH RUSSIA. WHEN WE WIN THIS WAR, WE WILL DECIDE THE FATE OF RUSSIA.”
How does this rectify itself? It doesn’t. It only causes Russia to escalate.
The Yen is now sporting a $148 handle, in full retreat — breaking down past the point where the BOJ intervened.
Oil is cascading lower. There are no bids today. I get it. We were up large yesterday, so we are merely revoking yesterday’s rally. It was ill placed and without warrant. Nevertheless, the wear and tear of all this volatility is going to break things. The future isn’t looking better for anyone, but worse. Under those conditions, even if we are oversold, you must hedge.
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time to hit the silk
No one gonna talk about how the Treasury is doing the Fed’s job now, this seems to confirm that djt dissolved the fed and rolled it into the Treasury. Fed reserve has no power. buy gold coins. A reset is coming
Deeply rooted inflation. War that wants escalation. ZIRP, NIRP and politicians who all should have been reigned in years ago. The EU. Debt. This time bomb is dying hard.