Here is a recap of what has happened the past several days:
- Citadel has tightened up on how much % withdrawal its own investors can take out, effectively limiting their full withdrawal to over several years. This is obvious proof they are desperate for liquidity.
- Crypto has seen a massive blood bath, not least of all bitcoin, so you can see hedge funds are trying to get as much liquidity as possible for an upcoming crisis.
- As for what the biggest crisis of today is, it is none other than the Chinese Evergrande default fallout with many US firms highly over leveraged on Chinese junk bonds.
This whole thing is going to come tumbling down, and we are going to watch with popcorn with AMC and GME. Covid Omnicron fears have largely passed in the USA what with it posing not much of a greater danger than current variants, and the whole stock market is starting to recover from a week long sharp dive.
Have a good day / night wherever you are! Let's see how the rest of this week goes, and stay zen, apes.
Zerocool888 : Thanks for the great insights! Every word you say makes perfect sense!