Posted on 03/11/2022 1:53:35 PM PST by marcusmaximus
I am much more worried about derivative instruments, where one failure can cascade into many in a chaotic fashion.
It may well be financial instruments where both parties have nothing to do with Russia that causes chaos in the international financial system.
The current clowns in the WH are just wildly throwing checkers around the room while Putin is playing chess.
Not enough to move the needle, I'm reading.
Blackrock is woke, soon to be broke.
Suffer bitches, suffer.
Karl Denninger [The Market Ticker] used to talk about these types of scenarios years ago.
That is a game of some skill. More like chutes and ladders.
Karl is very smart—I always learn new things when I read his articles.
Blackrock didn’t lose $17 Billion - their investors did
This is nothing compared to the beating Larry Fink and Blackrock will take if China goes after Taiwan. Couldn’t happen to a more deserving guy.
Cancelling $121 Billion russian debt is really gonna hurt.
I always hate it when I don’t have to repay my debts.
In my business, we call this “debt forgiveness”. Usually the debtor is very, very happy about it.
Are they still holding the depreciated asset or did they sell it and take the loss? There are a number of investors who are holding Russian sovereign bonds, stocks and rubles who have not sold them. And there are a number of “vulture” speculators waiting to buy them in the event that there is a Ukraine Russia settlement, particularly if Russia has the upper negotiating hand, because no doubt, as part of that settlement, Russia will insist all sanctions be lifted in which case there will be an explosive rally in Russian securities and currency.
Wondering how we can get CCP to ‘cancel’ the $4trillion in US debt they hold. Cause that’d be a disaster, right?
Too big to fail II.
“U.S. banks are owed a whopping $14.7 billion by Russian entities...”
Pikers!!! We just gave Ukraine 14.6 billion dollars for free. Chump change.
He's only got one blind spot - he's a Losertarian, and as such, he's really really bad at politics.
They don’t hold that much of US debt.
Most US debt is owed to US citizens
in the form of social security, Pension funds
and private citizens.
I used to buy Tbills all the time.
If you knew anything about government debt, you’d know
the world could divest it all tomorrow and it
would not mean a thing.
Except perhaps an American like me would pay the Chinese pennies on the dollar for the bond.
“Brandon gave KGB Putin the green light to invade Ukraine and now Brandon’s Wall Street donors are paying the price. More consequences of a stolen election.”
Guess who else is paying the price? Me and you!
You’re obviously a trader.
Hold!
Karl is an economics and business guy—that is where I learn from him.
Blackrock assets under management: $9.46 trillion.
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