~by Sean Paul Kelley I’ll begin, as usual, with the economy. JP Morgan lays odds for a global recession at 60% now. Causes? According to JPMorgan it’s threefold: the conflict in Iran, the tariffs and AI. But JP Morgan is forgetting another huge variable, the private credit/shadow credit unwind happening in real time. Blackrock halted […]
Manipulation of Capital Markets
~by Sean Paul Kelley So, Marku asks: But aren’t most of those contracts never expecting to take physical delivery? Just gambling, er excuse me, investment hedging? Or is the problem that given that Comex price is under the real, that all those contracts *want* to be exercised in delivery so they can arbitrage to China […]