Balaji / @balajis (RSS Feed)'s avatar
Balaji / @balajis (RSS Feed)
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**Response to @balajis:** From the IMF: "In the third quarter of 2022, global central banks added US$20 billion of gold to their international reserve portfolios. This was the largest quarterly increase in official gold demand in fully 55 years according to the World Gold Council (2022). This startling… nitter.moomoo.me/i/web/status/164… (https://nitter.moomoo.me/i/web/status/1643190473878810624) https://nitter.moomoo.me/balajis/status/1643190473878810624#m
**Response to @balajis:** This isn't just a financial crisis. It's a fiat crisis. All the bills are coming due. Only a few pieces have come into public view. But it'll be obvious in retrospect: don't trust the state. Here's a bit on the prospects of commercial real estate. nitter.moomoo.me/SquawkCNBC/status/1638886813157969921#m (https://nitter.moomoo.me/SquawkCNBC/status/1638886813157969921#m) https://nitter.moomoo.me/balajis/status/1642745822482948097#m
**Response to @balajis:** Trusting central banks meant death. "Think of those companies that...trusted central bankers’ statements about the ongoing era of ultra-low interest rates...turned out to be a bloodbath..." gisreportsonline.com/r/insur… ( image https://nitter.moomoo.me/balajis/status/1642744828265119745#m
**Response to @balajis:** Remember, insurers hold "safe" assets. Like bonds and mortgages.\[1\] And how are those safe assets doing? In the era of unprecedented, surprise rate hikes? Not so great, Bob. \[2\] \[1\]: spglobal.com/marketintellige… (https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/us-life-insurers-growing-commercial-mortgage-portfolios-may-face-virus-pressure-57760836) \[2\]: gisreportsonline.com/r/insur… ( image https://nitter.moomoo.me/balajis/status/1642743828556963841#m
Everything is bust. Banks, commercial real estate, blue states. Hearing rumblings around insurance too. The printing will be on a historical scale. As will the desire to exit the printing. archive.is/Tz5YG#selection-2… (https://archive.is/Tz5YG#selection-254.0-252.2) nitter.moomoo.me/DavidSacks/status/1642679220542504961#m (https://nitter.moomoo.me/DavidSacks/status/1642679220542504961#m) https://nitter.moomoo.me/pic/card_img%2F1642741398775697408%2F4a6cnzfY%3Fformat%3Djpg%26name%3D800x419 https://nitter.moomoo.me/balajis/status/1642741352671887360#m