The Real Story Behind Rates Blowing Up
LUONGO ( BEFORE TRUMPS TARIFF REVERSAL )
“THE EUROPEONS HAVE BEEN THREATENING US WITH FINANCIAL ARMEGEDDON FOR MONTHS..IT’S THEIR ONLY MOVE LEFT ON THE BOARD AND THEY HAVE THE MEANS TO DO IT…TRUMP IS TRYING TO RID US OF THIS 350 YEAR OLD PARASITE SINCE HE TOOK OFFICE IN 2017”
While everyone is focused on the possibility of China selling its stock of US Treasuries the real trade unfolding is the blowing up of so-called basis trades put on by hedge funds. I’ve seen this story before, and China was never involved here, only London and Brussels.
History repeats at important moments in history
https://www.youtube.com/watch?v=zviNCy5G7rY&t=6s
AND.
Absolutely Spectacular Meltdown”: The Basis Trade Is Blowing Up, Sparking Multi-Trillion Liquidation Panic
You got it. That’s what happened. Trump got a phone call. You either back off or we blow up and take the bond market down with us and you can’t roll over your debt.
Hence gold up $100 the only time ever.
Looks like it Plunger
Looking forward to Luongo’s next update after the Tariff reversal