Lehman 2.0 - Things are breaking fast (Patreon)

Hi Team

There has been a lot of talk and concern around the emergency Fed meeting on Monday they do these typically every month on Mondays, so normally it's nothing out of the ordinary.  However, perhaps there is a small chance it truly could be an emergency meeting. I changed my thoughts over the weekend by reading some materials. Credit Suisse is a big problem, Deutsche Bank is a big problem we are seeing stress fractures all over the place from the rapid increase in interest rates and the dominance of the dollar, which is breaking all other markets.  

We have soveriegn debt issues, pension debt issues, global money center banks are redlining and this if it does crack will be bigger than Lehman.  One simple case in point re CS - (PS I used to bank with them back in the day) they have a 1.1 TRILLION DOLLAR HOLE! 

• 160b Cash
• 400b at call Liabilities 
• 900b Leveraged exposure 
• 40b Equity

Add to this the Fed cannot perform QT - nobody is buying that crap, in fact global powers are dumping US Treasuries hand over fist... (China news I mentioned the other day). 

If we get some bad news this week, which I think there is an 80% chance, it will probably be followed by good news eg Fed Pivot or QE to bail out the banks etc... be ready to deploy. There is $3T on the sidelines much of which are buying if the SPX hits 3500.