Credit Crisis To Spark 'Global Margin Call' Warns Fund Manager (LA CRISIS DE CREDITO INICIARÁ "UN MARGIN CALL GLOBAL", MICHAEL A. GAYED)

#UnitedStates downgraded to AA+ from AAA by #Fitch https://t.co/9qSC9VI8l8

— Guillermo Ruiz Zapatero (@ruiz_zapatero) August 2, 2023

It begins@NorthmanTrader

Lawrence H. Summers@LHSummers
12h
The United States faces serious long-run fiscal challenges. But the decision of a credit rating agency today, as the economy looks stronger than expected, to downgrade the United States is bizarre and inept https://t.co/5Z1xTxR2YQ

— Guillermo Ruiz Zapatero (@ruiz_zapatero) August 2, 2023

Japan must sacrifice the #yen else it's collapse https://t.co/2g9MOmDNUm pic.twitter.com/ev2fWvKrrw

— Guillermo Ruiz Zapatero (@ruiz_zapatero) August 2, 2023

"We estimate the Fed is insolvent in an amount close to $2 Tn. This loss can be expected to be recovered over time, as the Fed retains interest that would otherwise have been remitted for public benefit."

Banks are experiencing this to some extent too.

I know you don't care. pic.twitter.com/EG4Z8xbI5g

— John P. Hussman, Ph.D. (@hussmanjp) August 1, 2023

How a global margin call happens.

WAKE THE FUCK UP. pic.twitter.com/2XxS3foXv4

— Michael A. Gayed, CFA (@leadlagreport) August 1, 2023

When these dudes will find a real job https://t.co/sLZKWWsg63 pic.twitter.com/HWhbLjNGEp

— 🅰🅻🅴🆂🆂🅸🅾 (@AlessioUrban) August 1, 2023

“An expert is a person who has made all the mistakes that can be made in a very narrow field.”

– Niels Bohr pic.twitter.com/OEZTN34kzs

— Physics In History (@PhysInHistory) August 1, 2023