Title: Pozsar's "Margin Call Doom Loop" Prediction Comes True As Trafigura Faces Billions In Margin Calls Source:
[None] URL Source:https://www.zerohedge.com/markets/t ... oom-loop-prediction-comes-true Published:Mar 15, 2022 Author:Tyler Durden Post Date:2022-03-15 19:24:16 by Horse Keywords:None Views:109 Comments:2
higher margin requirements force fire sales into an already illiquid market where prices were gapping lower, which in turn triggered more margin calls, and so on
Poster Comment:
Smart money does dumb things. Buying on margin in this market?
I find it amazing that Japan gets most of its electricity from coal and natural gas.
All the oil that comes off the Alaska pipeline goes right to Japan. The U.S. does not see a drop of it.
BTW, at the start of the Serbia-Bosnia War, the U.S. bombed and dropped all the bridges over the Danube River. This stopped the flow of cheap Russian oil to French and German refineries.
They figured it would take 10 years to fish the bridges from the river. ;)