this post was submitted on 17 Nov 2025
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[–] sp3ctr4l@lemmy.dbzer0.com 1 points 18 hours ago* (last edited 18 hours ago) (1 children)

Yep, dollar's dying.

... Have you been following the Fed Repo rates in the last couple of weeks?

The Fed is losing control of the bond market, repo rates have been blowing outside of the Fed's target channels... massive, massive liquidity crunch currently ongoing in the US banking system, because they're all realizing they're exposed to ... double pledged collateral, or maybe the whole collateralized debt asset security things that people have been making out of!- yep, its not subprime home loans this time, its subprime auto loans!

Defaults and delinquencies are powering up highed and higher for... basically every kind of debt class, Commerical Real Estate market is blowing up...

China has been massively buying gold.

BRICS just rolled out a new intl payment system, based on the Yuan.

Turns out the largest foreign buyer of US debt is actually... the Cayman Islands, ie, US financial firms that are leveraged 100 to 1 on the basis trade.

Fed held a secret meeting on Friday, with a whole bunch of banks, to discuss those cockroaches Jaimie Dimon mentioned a couple weeks back.

... Because the $200T Shadow Banking system is currently completely imploding.

Oh, and Bitcoin is entering full nose dive territory.

Like I said, every one keeps trying to out clever each other, one day, it all breaks, 1929 style.

Took the market 25 years to recover from that one.

[–] UnderpantsWeevil@lemmy.world 1 points 18 hours ago (1 children)

Yep, dollar’s dying.

My God, these are some takes

[–] sp3ctr4l@lemmy.dbzer0.com 1 points 18 hours ago (1 children)

... I'm an econometrician by education.

My 'takes' have a pretty good track record, but, basically no one ever listens to me, so these days I just laugh..

[–] UnderpantsWeevil@lemmy.world 1 points 17 hours ago

My ‘takes’ have a pretty good track record

Oh sure. The USD has done terribly over the last five years. That's why it's trading at parity with the Euro and at a high water mark against the Yen.