Krishna Kumar

China’s high household savings rate is a result of them getting rid of universal healthcare in the 70s

Oops!

My new intern deepseek thinks 5-7%

Market starts to price in some tariffs CME vs LME copper

Yes they have this in China as well.

It has been done

Lack of guarantee is worth about 40bps in spread according to one estimate but in my opinion the nature of the mortgage market changes and becomes more U.K./Canada like if Fannie/Freddie are private entities without a backstop.

Keeping track helps to identify errors in (1) security selection (2) sizing and (3) timing.

Make Macro Great Again (MMGA)

Guess what happens when you have a no MTM, zero volatility asset competing with HY!

If we cannot flick a switch and move supply chains onshore the rest of the world benefits from the 60% tariffs on China they are going to be able to raise prices and margins improve.

You don’t choose the Jets life; the Jets life tackles you at the line of scrimmage..

Yo

The fallen angels will soon start singing..