I see you lurking Tellafriend. My favorite bear. Just wanted to offer a quick take
We were talking about Treasuries months back. We weren’t particularly optimistic. Daly contributed a dissenting opinion.
Well, now bond liquidity is drying up. What if Treasuries went “no bid”? Can you imagine?
Bank of America is suggesting this is a real threat and is suggesting the creation of a government sponsored market maker.
In my wildest dreams even 5 years ago I never would have imagined anything of the sort. The speed of various changes including CBDC has me stunned and rethinking the whole capitalism model going forward.(jk) Biden nominating the Russian professor for Comptroller of the Currency based on her insane White Paper (which the US obviously loved) absolutely flipped me into thinking government intervention in markets and financial privacy is a certainty very soon.
Liquidity in the US Treasury market represents the biggest systemic risk to stocks since the 2007 housing bubble, BofA says
https://news.yahoo.com/liquidity-us-...195026958.html
I will test you in subtle ways to see if you read this. I’m watching you.
My Uranium stock UEC has tanked along with everything else and closed today at my purchase price of $3.24 or so. Damn thing triple topped at $4.60’ish but I held like I had tomorrow’s paper. Oh well.
I’m sure you’re crushing it. Your mind is right.