I’m just going to leave this here….
![](https://i0.wp.com/johngaltfla.com/wp-content/uploads/2023/03/031923_JIM_BIANCO_TWEET1.jpg?resize=550%2C753&ssl=1)
Remember: Bond traders are the smart money and they will blow CDS spreads out in a heartbeat to protect their capital.
More:
![](https://i0.wp.com/johngaltfla.com/wp-content/uploads/2023/03/031923_BMN_TWEET1.jpg?resize=550%2C197&ssl=1)
So now there’s a dollar funding crisis on top of a credit insurance crisis.
All is well. Can’t wait to watch the initial surge in equities and gold.
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