The entire UK pension system was about to get margin called.
Let that sink in.
Jonesy
31.9K posts
Jonesy
@HedgeyeDJ
DoR @hedgeye Ex-owner @arizonacoyotes Former legend @Yalemhockey Partner @seven7llc Agent Provacatuer of #FinTwit Not investment advice.
- Credit Suisse CDS (credit default swaps) close to surpassing levels last seen during the Great Financial Crisis. Tick, tick ... boom!
- Canada remains the only country in the G7 to require pre-departure and on-arrival molecular testing. Since November, Canada's two major airlines have cut 50% of their flights. Your move, Mr. Prime Minister @JustinTrudeau
- "The core use case for Bitcoin is to sell it to someone else" -Warren Buffett
- The bottom won’t be in until Ackman cries on live TV.
- Credit Suisse CDS approaching levels last seen during the Great Financial Crisis. Probably nothing.
- "Our capital position at the moment is strong." -- Former Lehman Brothers CFO Ian Lowitt, five days before the firm filed for bankruptcy.
- It would not suprise me to see a major global investment bank need some form of bailout in the next couple of weeks. Shit is breaking. Fast.
- In the last 110 years of data, no bear market has bottomed at 20 P/E. Not even close.
- Capitalism without bankruptcy is like hockey without the penalty box.
- Moderna's CEO has sold over 571,000 shares this year for a total of $23.8 million. He has not bought a single share in 2020.
