While I think your case about clearinghouses is completely valid, and my experience showed me that smart firms set limits on how much they would transact there, I take issue with your comment that Trump is the cause of these problems. Biden confiscated Russian assets in 2022 and set off the alarm bells for central banks as to the nature of their reserve holdings, not Trump. and Trump did not get inaugurated and issue $36 trillion in bonds, that has been a long-term process.
It has been for the best not to know about them... its a bit like not buying LA property for fear of the "big one". LA property has soared - and maybe the "big one" never happens. Same thing.
While I think your case about clearinghouses is completely valid, and my experience showed me that smart firms set limits on how much they would transact there, I take issue with your comment that Trump is the cause of these problems. Biden confiscated Russian assets in 2022 and set off the alarm bells for central banks as to the nature of their reserve holdings, not Trump. and Trump did not get inaugurated and issue $36 trillion in bonds, that has been a long-term process.
Obama definitely tried to balance the budget - and that has gone by the wayside since Trump 1. Biden helped, and Trump 2 is accelerating the process
no, I disagree. Clinton was forced to balance the budget. there has been limited effort since although the Tea Party wanted that outcome
Obama was forced to cut spending heavily too
If the 10 year note goes to 8% (let alone 10%) what happens to Private Equity?
*retail here
I don't have a useful opinion on clearing houses, but I love love your passion for them.
It has been for the best not to know about them... its a bit like not buying LA property for fear of the "big one". LA property has soared - and maybe the "big one" never happens. Same thing.