"If the system falls, it will be the fall of a monster. When banks try to call in their huge fiat debts, it could cause an avalanche of repercussions. The elite will be safe, but the vast majority will be left in dire straits. "
Today's barrage of 13F releases showed that in the last quarter of 2017, many funds turned their back on some of the FAANG stocks, as managers like Duquesne, Coatue, Maverick and PointState trimmed their Facebook stakes while Point72 and Maverick Capital reduced their Google exposure.
"I was asked a fascinating question by Bloomberg Anchor Tom Keene: "if we’re facing a “bond rout”, what’s going to trigger it?" I see three threat vectors that could see the current gentle slippage in bonds become an avalanche..."