Everything is bust.
Banks, commercial real estate, blue states.
Hearing rumblings around insurance too.
The printing will be on a historical scale.
As will the desire to exit the printing.https://t.co/1CYulSV5PN https://t.co/ZQADD0jUZZ— Balaji (@balajis) April 3, 2023
Just so you know…they are out of silver at the mint (or very low) and not producing.
Remember, insurers hold "safe" assets.
Like bonds and mortgages.[1]
And how are those safe assets doing?
In the era of unprecedented, surprise rate hikes?
Not so great, Bob. [2]
[1]: https://t.co/SQgfVDBhAq
[2]: https://t.co/MTZOEKzNwj pic.twitter.com/Mk9M0nK8Tz— Balaji (@balajis) April 3, 2023
US Mint #gold coin sales totalled 288,000oz (Eagle+Buffalo) in March – the highest monthly total since October 1998. On a YTD basis, gold coin sales now total 587,000oz, the highest first quarter since 1999. pic.twitter.com/PX8Ukpjcfb
— Krishan Gopaul (@KrishanGopaul) April 3, 2023
h/t jlee2027