twitter.com/michaeljburry/status/1523082229190053888
#recession … #Crypto #Bubble edition
Looks like the #TerraUSD #StableCoin has lost its peg to $USD… OOPS!#Bitcoin #Terra #ETH #BitcoinCrash #cryptocurrencies #Cryptocrash 📉 t.co/S1LFJzBwfU
— Invariant Perspective (@InvariantPersp1) May 8, 2022
— Investing.com (@Investingcom) May 7, 2022
Corporate bonds now falling as much as they did in the March 2020 crash.
Back then, the Fed was forced to step in.
This time, all we hear is the opposite.
If this decline continues, either the tightening cycle will need to be reversed or we’re about to see some real issues. pic.twitter.com/E9LmgC4X6V
— Otavio (Tavi) Costa (@TaviCosta) May 5, 2022
“The Big Short 2” is going to be incredible.
Don’t you think? pic.twitter.com/LpRuYb2Nnl
— Jim Lewis 💰⚒💰 (@Galactic_Trader) May 6, 2022
On the eve of the great financial crisis in 2007, the combined balance sheets for the world’s four most important central banks -the Fed, the European Central Bank (ECB), the Bank of Japan (BOJ) and the People’s Bank of China (PBOC) – stood at just $5 trillion. Today the figure is $31.5 trillion.
