30 Comments

The commod that will blow up the LME is silver.

Expand full comment

Which if any of Clearing houses are listed, so that could be shorted? Or some other institutions at risk? I already checked for trading houses but all are private. I assume that that is not a coincidence.

Expand full comment

I bet you TD Ameritrade will be the first to blow up. This is also what's wrong with the mortgage lending market. No longer owned by banks but clearing houses like Rocket Mortgage that don't have the same stress requirements as banks. The market fall will be precipitated by higher rates, that'll have the same effect on stock clearing houses as mortgage clearing houses. Question is, when the FED comes to the rescue, who owns what? Maybe the upcoming Klausian cyberpandemic can take care of all the ownership issues as the Great Reset happens.

Expand full comment

Leaning more to the market having to resolve this and when it can't that Central Bankers have to step in to provide liquidity and/or underwrite settlements between selected counter parties. Keenly watching markets and Repo for March 31st and whether there is a sizable deleveraging.

Expand full comment