I asked Gemini to synthesize data on Japan's US Treasury accumulation with Treasury price data to estimate their mark-to-market losses and it spit out ~$150 billion. Brutal outcome for them, and us. Repo makes a ton of sense. Great call.
thanks, there is a lot of chatter about how we are on the precipice of a major problem and two things I have learned are 1). things like this always take MUCH longer to happen then the punditry assumes and 2) hair on fire gets clicks and that's what's important these days.
I asked Gemini to synthesize data on Japan's US Treasury accumulation with Treasury price data to estimate their mark-to-market losses and it spit out ~$150 billion. Brutal outcome for them, and us. Repo makes a ton of sense. Great call.
thanks, there is a lot of chatter about how we are on the precipice of a major problem and two things I have learned are 1). things like this always take MUCH longer to happen then the punditry assumes and 2) hair on fire gets clicks and that's what's important these days.
If the carry trades gets worse how does this affect us treasuries
not sure what you mean by gets worse. grows larger or shrinks?