It is truly an end of an era in Swiss Banking. The once venerable Swiss Banking institution, Credit Suisse, is being taken over by UBS for less than a $1/share. This of course comes with help from the Swiss National Bank, which provided $100 billion in liquidity to UBS to…

Everyone is abuzz about the housing market. 30-year mortgage rates just passed 7%, which is at a 20-year all-time high. Existing home sales have plunged by 37%. Many claim that Powell raising rates (which look like he plans to raise rates even further) are hurting the middle class. These rate…

The first Central Bank to pivot was the Bank of England. The bank did so to avoid a pension crisis and bail out big pension fund managers like BlackRock. As I explained in piece on Substack, the British bond market broke down. As the Washington Post explains, many of these…

While everyone was focused on the banking crisis affecting the West (first started with Silicon Valley Bank and has now spread to Credit Suisse), a geopolitical earthquake just shuttered the world. China brokered a game changing peace deal between two arch enemies in West Asia. These two countries are Saudi…

I went to Turkey last summer (highly recommend a trip if you haven’t been) and I took this picture. This was in Istanbul. There are so many small boutiques and kiosks like this where one can exchange cash for Bitcoin, or any other token. This did not surprise me at…

It’s happening!!! The system is breaking. Yesterday (Friday March 10th), the 16th largest bank in the United States just went belly up. The largest bank failure since the GFC and second largest bank failure ever in recorded history just happened yesterday. What happened was a classic bank-run combined with its…

President Putin had his state of the nation speech, and it was a must watch for any geopolitical analyst. He expressed everything from Russia’s special military operation in Ukraine, the economy, to culture. To quote a part of his speech: “They planned to crush the ruble, they failed, they planned…

One of the biggest news from Davos this January was the Saudi finance minister’s remarks to Bloomberg. In this interview, the Saudi finance minister said that the country is open to settling its trade with other currencies. In one interview, the Saudis killed the PetroDollar. The minister mentioned in his…

Everyone has been paying attention to Japan this past week. On January 19th, the Governor of the Bank of Japan (BoJ) Haruhiko Kuroda came out and said that the BoJ is not changing its bond buying policy, which disappointed many Japanese Government Bond (JGB) short sellers. So what exactly happened? …