CAI - General Chat, page-799

One thing not focused on very much in the media is that US banks are sitting on bond loses of about $US800b offset by any interest rate hedges using derivatives - now most banks hedge the interest rates (not SVB and some other regional US banks) and say $US600b of those loses have been hedged using derivatives then what entities have those losses - other banks from Europe, etc? Investment funds? Insurers (remember AIG was caught in 2008)?

Someone has the losses -this is one reason why the financial turmoil/situation may get worse when we discover where the losses are! Derivatives can be weapons of mass destruction!

The turmoil in financial markets may get worse which may push POG higher! Hold onto your hats!