Zoltan Pozsar: Europe is facing a Minsky moment triggered by excessive financial leverage. In Germany, $2 trillion of value added depends on $20 billion of gas from Russia… …that’s 100-times leverage – much more than Lehman’s.”

by  mark000 Eurozone about to plunge into severe recession, global markets (stock, bond, real estate, crypto, oil, commodities, currencies) going to crash, then a global financial crisis, and then…………? Zoltan: "This Is What The New World Order Will Look Like" …

READ MORE

Zoltan! US Dollar Purchasing Power For Consumers Sinking Faster Than The Titanic As Zoltan Pozsar Suggests Bretton Woods III With Money Backed By Commodities

by confoundedinterest17 Zoltan! (Forbes) – Credit Suisse’s Zoltan Pozsar argues Bretton Woods II crumbled when the G7 countries seized Russia’s foreign exchange reserves. Keeping money inside financial institutions like the IMF was considered risk free. That is clearly no longer the case. Similarly, …

READ MORE

Zoltan! The New Financial Order aka Bretton Woods III Centered Around Commodity-based Currencies In The East (US Yield Curve Signaling Recession)

by confoundedinterest17 Zoltan! Credit Suisse’s Zoltan Pozsar wrote an interesting research note on how the Russia invasion of Ukraine and the G7’s response is causing a major upheaval of the global financial order. Coindesk: The foundations of Bretton Woods II crumbled last week when …

READ MORE

Both the Wall Street Journal and Bloomberg have picked up on Zoltan Pozsar’s most recent article, which warns of coming chaos from an accumulation of cash in the Federal Reserve’s reverse repurchase facility (RRP)

https://www.efinancialcareers.com/news/2021/07/zoltan-pozsar-credit-suisse Pozsar estimates that use of the facility has jumped by $300bn since the Fed increased the interest rate on the RRP from 0 to 5bps last month: the higher rate means it no longer makes any sense to hold …

READ MORE