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Link Posted: 12/5/2022 4:35:33 PM EDT
[#1]
Link Posted: 12/5/2022 4:47:16 PM EDT
[#2]


https://www.reuters.com/markets/currencies/global-markets-bis-urgent-2022-12-05/

LONDON, Dec 5 (Reuters) - Pension funds and other 'non-bank' financial firms have more than $80 trillion of hidden, off-balance sheet dollar debt in FX swaps, the Bank for International Settlements (BIS) said.

The BIS, dubbed the central bank to the world's central banks, also said in its latest quarterly report that 2022's market upheaval had largely been navigated without major issues.

Having repeatedly urged central banks to act forcefully to dampen inflation, it struck a more measured tone and picked over crypto market troubles and September's UK bond market turmoil.
Link Posted: 12/5/2022 4:57:13 PM EDT
[#3]
Discussion ForumsJump to Quoted PostQuote History

How did $80,000,000,000,000 get into that retards hands?
Link Posted: 12/5/2022 5:03:44 PM EDT
[#4]
Discussion ForumsJump to Quoted PostQuote History
Quoted:
The dude got lucky once so now people think he's some sort of prophet and he keeps making predictions that one day might come true again.

Yawn
View Quote


That's how it works. I think everyday I'll make a prediction that a major earthquake will hit California. The day it happens I'll be known as a true master of clairvoyance. Of course the 1000+ days that I was wrong will be conveniently ignored.
Link Posted: 12/5/2022 5:08:49 PM EDT
[#5]
Wtf is happening?
Link Posted: 12/5/2022 5:11:18 PM EDT
[#6]
Damn. It happened and I missed it.

I always miss it.
Link Posted: 12/5/2022 5:14:05 PM EDT
[#7]
Link Posted: 12/5/2022 5:15:39 PM EDT
[#8]
Discussion ForumsJump to Quoted PostQuote History
Quoted:

How did $80,000,000,000,000 get into that retards hands?
View Quote View All Quotes
View All Quotes
Discussion ForumsJump to Quoted PostQuote History
Quoted:

How did $80,000,000,000,000 get into that retards hands?


FX not FTX.  Foreign currency swaps.

Different retards.  
Link Posted: 12/5/2022 5:15:57 PM EDT
[#9]
The chair’s long mustache has John against the wall?
Link Posted: 12/5/2022 5:17:03 PM EDT
[#10]
Discussion ForumsJump to Quoted PostQuote History
Quoted:
market isn't down that much.  spy off 1.8% back under 400 again, but on very low volume and no real news
and geez, vix is around 20
View Quote
What Burry is referring to will take place over months.
Link Posted: 12/5/2022 5:17:09 PM EDT
[#11]
Discussion ForumsJump to Quoted PostQuote History
Quoted:
Wtf is happening?
View Quote


All of it?
Link Posted: 12/5/2022 5:17:27 PM EDT
[#12]
Discussion ForumsJump to Quoted PostQuote History
Quoted:


FX not FTX.  Foreign currency swaps.

Different retards.  
View Quote

Made me chuckle.
Link Posted: 12/5/2022 5:18:36 PM EDT
[#13]
I need this to wait until my after my next dental appointment
Link Posted: 12/5/2022 5:18:43 PM EDT
[#14]
Link Posted: 12/5/2022 5:41:41 PM EDT
[#15]
Does this mean cash is trash or cash is king..?
Link Posted: 12/5/2022 5:44:32 PM EDT
[#16]
Discussion ForumsJump to Quoted PostQuote History



Any wanna explain this to me?
Link Posted: 12/5/2022 5:47:36 PM EDT
[#17]
Link Posted: 12/5/2022 5:49:21 PM EDT
[#18]
Link Posted: 12/5/2022 5:51:09 PM EDT
[#19]
Shit. I hope it doesn't happen yet. I don't even have night vision yet.

Link Posted: 12/5/2022 5:56:25 PM EDT
[#20]
Discussion ForumsJump to Quoted PostQuote History
Quoted:
Page 2, and it still hasn't happened
View Quote

Q predicted this.
Link Posted: 12/5/2022 6:06:13 PM EDT
[#21]
Move this to the Michael Yon thread.  Nothing happening there, either.
Link Posted: 12/5/2022 6:38:30 PM EDT
[#22]
Discussion ForumsJump to Quoted PostQuote History
Quoted:


1.5% is hardly "bigly."
View Quote View All Quotes
View All Quotes
Discussion ForumsJump to Quoted PostQuote History
Quoted:
Quoted:
Dow is down bigly so far today.


1.5% is hardly "bigly."

This is true. Should probably tell people that who say it when it goes up 1.5%
Link Posted: 12/5/2022 6:39:25 PM EDT
[#23]
Discussion ForumsJump to Quoted PostQuote History
Discussion ForumsJump to Quoted PostQuote History
Quoted:


https://www.reuters.com/markets/currencies/global-markets-bis-urgent-2022-12-05/

LONDON, Dec 5 (Reuters) - Pension funds and other 'non-bank' financial firms have more than $80 trillion of hidden, off-balance sheet dollar debt in FX swaps, the Bank for International Settlements (BIS) said.

The BIS, dubbed the central bank to the world's central banks, also said in its latest quarterly report that 2022's market upheaval had largely been navigated without major issues.

Having repeatedly urged central banks to act forcefully to dampen inflation, it struck a more measured tone and picked over crypto market troubles and September's UK bond market turmoil.

So we're saved?
Link Posted: 12/5/2022 6:42:17 PM EDT
[#24]
Discussion ForumsJump to Quoted PostQuote History
Quoted:
What Burry is referring to will take place over months.
View Quote

well that's good because i still have a lot of firewood to stack at the cabin
Link Posted: 12/5/2022 6:45:17 PM EDT
[#25]


The chair is against the door?

Quoted:
See, even page 2 didn't happen


This gave me a sensible chuckle.
Link Posted: 12/5/2022 6:45:32 PM EDT
[#26]
Link Posted: 12/5/2022 6:47:55 PM EDT
[#27]
Even a blind man can see it’s happening.
Link Posted: 12/5/2022 6:48:59 PM EDT
[#28]
Link Posted: 12/5/2022 6:54:01 PM EDT
[#29]
Intelligence Agencies taking over.
Link Posted: 12/5/2022 7:07:27 PM EDT
[#30]
Made it through the production meeting today nothing happened?
Should be an easy rest of the week.
Link Posted: 12/5/2022 7:27:37 PM EDT
[#31]
Blah, blah, blah…
Link Posted: 12/5/2022 7:53:20 PM EDT
[#32]
3 days ago:
Link Posted: 12/5/2022 8:05:34 PM EDT
[#33]
Hasn't Burry been buying up water rights?
Link Posted: 12/5/2022 8:26:52 PM EDT
[#34]
Discussion ForumsJump to Quoted PostQuote History
Quoted:



Any wanna explain this to me?
View Quote



It's a chart of the Dollar Index, a measure of the dollar relative to a basket of other currencies. In the 70's there was very high inflation and so the Fed raised interest rates a lot. Investors could get a better return buying USD and USD debt than other currencies, i.e. demand for USD went up a lot. This is a major problem for the rest of the world that has USD debt but earns in local currencies, as it was back in the 80's. The lower a currency goes against the dollar, the harder it is to pay back their USD denominated debt.

The chart appears to suggest that we are in for a repeat where the USD rockets higher against other currencies.  It was so bad that treasury and finance ministers met and agreed to the Plaza Accord, which was to devalue the USD so the rest of the world didn't collapse.

Link Posted: 12/5/2022 8:35:45 PM EDT
[#35]
You can read his old tweets below.

https://nitter.net/BurryArchive
Link Posted: 12/5/2022 8:38:35 PM EDT
[#36]
Why didn't anyone PM me? Should I pop Pmags? I need direction people!!!
Link Posted: 12/5/2022 9:02:30 PM EDT
[#37]
Discussion ForumsJump to Quoted PostQuote History
Quoted:
Why didn't anyone PM me? Should I pop Pmags? I need direction people!!!
View Quote


Attachment Attached File


Attachment Attached File


Link Posted: 12/5/2022 9:19:33 PM EDT
[#38]
Discussion ForumsJump to Quoted PostQuote History

Nothing cleared out after 2008.  The crackheads have continued leveraging their bets since then
Link Posted: 12/5/2022 9:28:38 PM EDT
[#39]
Discussion ForumsJump to Quoted PostQuote History
Quoted:
Move this to the Michael Yon thread.  Nothing happening there, either.
View Quote

Link Posted: 12/5/2022 9:48:18 PM EDT
[#40]
Link Posted: 12/5/2022 9:51:54 PM EDT
[#41]
It never happens, the bowl of dicks we're being fed just get's bigger and bigger.

Link Posted: 12/5/2022 10:00:05 PM EDT
[#42]
I wonder if Tractor is still all cash.
Link Posted: 12/5/2022 10:03:00 PM EDT
[#43]
Link Posted: 12/6/2022 12:08:58 AM EDT
[#44]
Discussion ForumsJump to Quoted PostQuote History
Quoted:


Can you see any of his tweets at this point? I can't...
View Quote


He got attacked for saying some stuff about lockdowns, or masks or whatever during peak covid. Never mind that he's a former medical doctor and generally sharp cookie. So he started deleting all his tweets soon after posting. There's a bot account on twitter that retweets them all, saving them for posterity.
Link Posted: 12/6/2022 12:22:02 AM EDT
[#45]
Link Posted: 12/6/2022 12:26:44 AM EDT
[#46]
Discussion ForumsJump to Quoted PostQuote History
Quoted:
I hope so. Let's get the party started. Tired of all this waiting
View Quote

"What happened to your mission Captain? Looks like Nha-Trang forgot all about you."
Link Posted: 12/6/2022 12:29:38 AM EDT
[#47]
Whats happening? what do I do? Where should I be? how do I get started? what do I do?
Link Posted: 12/6/2022 1:16:02 AM EDT
[#48]
Link Posted: 12/6/2022 1:21:04 AM EDT
[#49]
Discussion ForumsJump to Quoted PostQuote History

dead cat bounce
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