237551
Arthur Hayes
@cryptohayes #237551
Arthur Hayes, Co-Founder of BitMEX & CIO MaelstromFund
118 Follower 15 Following
What's Wrap?
Jaypow and Bad Burl Yellen will be printing money very soon. $NYCB annc a "surprise" loss driven by loan loss reserves rising 10x vs. estimates. Guess the banks ain't fixed.
10-yr and 2-yr yields plunged signaling the market expects some sort of renewed bankster bailout to fix the rot.
10-yr and 2-yr yields plunged signaling the market expects some sort of renewed bankster bailout to fix the rot.
Let’s continue game theory on what US banks should do right before BTFP expires. Let’s be extreme.
Assume every eligible bank repos their entire treasury and mbs position, which is ~$4tn, at par. They are essentially paying Fed funds of 5.5%.
Now they have $4trn of cash what do they do?
Assume every eligible bank repos their entire treasury and mbs position, which is ~$4tn, at par. They are essentially paying Fed funds of 5.5%.
Now they have $4trn of cash what do they do?
I got bags on every chain.