There's a reason why the CFTC has withheld derivatives information for the last 4 years. ISDA has been pushing for higher margin requirements on derivatives lest banks begin exploding due to exposure. The borrowing of JPY rose exponentially from 2020 onward with most tied up in swaps and derivatives.
The Archegos / Bill Hwang trial wasn't some one-off incident.
In some ways I see Covid lockdowns as being a drill for the debt bubble collapsing.
It's far worse than 2008.
There's a reason why the CFTC has withheld derivatives information for the last 4 years. ISDA has been pushing for higher margin requirements on derivatives lest banks begin exploding due to exposure. The borrowing of JPY rose exponentially from 2020 onward with most tied up in swaps and derivatives.
The Archegos / Bill Hwang trial wasn't some one-off incident.
In some ways I see Covid lockdowns as being a drill for the debt bubble collapsing.