Swiss Department of Finance:
Supervisory authority is closely monitoring Credit Suisse.
Supervisory authority is closely monitoring Credit Suisse.
If only they had listened to our podcasts, they would have had in many cases years of advanced notice.
Interesting they do admit it was coming though.
https://twitter.com/AZgeopolitics/status/1635322035412025344?s=20
Interesting they do admit it was coming though.
https://twitter.com/AZgeopolitics/status/1635322035412025344?s=20
The origins of Covid continues to be debated but it appears to have been forgotten that Spanish virologists found traces of the novel coronavirus in a sample of Barcelona waste water collected in March 2019, nine months before Covid was identified in China.
The fact there was huge buying of USTs across the entire yield curve which started last Thursday is clearly engineered given the developments we have seen since then.
Clown show continues:
US and EU have come out in opposition to a Bosnian Serb proposal to replicate US legislation on foreign agents, arguing it was actually Russian in intent and endangered human rights and democracy.
US and EU have come out in opposition to a Bosnian Serb proposal to replicate US legislation on foreign agents, arguing it was actually Russian in intent and endangered human rights and democracy.
As dollars return home, US will have to find ways to silo them to prevent huge inflationary pressure. It is a matter of national security.
Raising interest rates is a contributory factor in this process. De-dollarisation caused by sanctions was always going to have consequences.
Raising interest rates is a contributory factor in this process. De-dollarisation caused by sanctions was always going to have consequences.
Pay attention to the banks with enormous interest rate swap positions. This is a bigger story, that is under the radar, than those under water with unrealised bond losses.
Credit Suisse finds "material weaknesses" in financial reporting and is adopting a remediation plan.
https://twitter.com/BloombergTV/status/1635550862499016708?s=20
https://twitter.com/BloombergTV/status/1635550862499016708?s=20
In a very telling development the Kremlin has ordered a doubling of the production of high precision missiles.
It's clear westerners don't understand that we have no technology capable of destroying Kinzhals even though the west has admitted this themselves.
The body language of NATO currently wrt Ukr war has the appearance of being somewhat deflated. Bakhmut appears to be significant from their perspective. Now also suggesting it could be lost in short order.
Clown show continues:
Spain’s imports of Russia LNG have risen 84% since the outbreak of the war in Ukraine.
Russia LNG flows rose more than 30% in 2022 to Europe.
Spain’s imports of Russia LNG have risen 84% since the outbreak of the war in Ukraine.
Russia LNG flows rose more than 30% in 2022 to Europe.
Assad has arrived in Moscow with a large military and economic delegation.
We have a new leader in the clown show stakes and I doubt this one can be beaten:
When a Russian fighter downed a US drone, Washington accused Moscow of undertaking manoeuvres which were environmentally unsound.
When a Russian fighter downed a US drone, Washington accused Moscow of undertaking manoeuvres which were environmentally unsound.
India and Saudi Arabia have made it very clear that they are not going to abide by the G7 oil price cap.
SVB Financial Group stated that Goldman Sachs had bought its bond portfolio before federal regulators took the bank into receivership.
China, Russia, Iran and other countries are to hold joint naval exercises in the Gulf of Oman on March 15th to 19th.
Worth reiterating that at the end of the last quarterly reporting cycle by the OCC, derivative contracts in interest rate products, represented 72.8% of TOTAL derivative notional amounts.